EMEs exploiting the opportunity. India also launched its rupee-denominated bond (masala bond) abroad in 2013, seeking to … peers, China and Brazil, to learn from their respective paths and experiences in similar regard. The paper concludes by … listing the key essentials for future growth and long-term sustainability of the masala bond market and its emergence as a …

sum bond) market in Hong Kong has been established to promote the use of RMB in investment outside China. This market has … bond market will continue to grow because of China's efforts to internationalize its currency as a national policy …China, the second largest economy in the world after the US, has started the process to internationalize its currency …

This paper investigates whether firms are able to diversify the maturity structure of their bond profiles given the … availability of the offshore bond markets. I look at average maturity, maturity structure, and the inverse of the Herfindahl index … currency hedging also matter in bond maturity management with the presence of offshore bond markets …

bond-level. First, cross-sectional analysis reveals a strong preference for home (Euro) currency bonds. Second, panel … regressions, whether at the bond or aggregate flows level, consistently identify trade-weighted US dollar fluctuations as the most …

results, one may expect successful introduction of government bond futures in China and Brazil even as such contracts continue … market, private benchmarks long ago displaced government benchmarks. In the bond markets, evidence from organised exchanges … government bond futures to private interest rate swaps. The global financial crisis seems only to have interrupted this process …

green bond returns and volatilities. On the whole, the evidence suggests weaker linkages, and thus a lower degree of …

markets on the liquidity of their bond markets. This study analyses the liquidity of bonds in various emerging bond markets … the sovereign debt crisis. This study notes that the bond liquidity is affected due to the sign of the rating granted by … study first directly tests the information content of bond ratings announcements and their effect on bond market liquidity …