spillovers from mature bond markets into select emerging Asian local currency bond markets. Results reveal that while the growth … of individual bond markets in recent years has been impressive, the threat of financial contagion to emerging Asian bond … markets from shock and volatility spillovers in mature markets is real. Although emerging Asian local bond market volatilities …

This article examines whether there is a correlation between the government bond markets of Asian countries and those … of the USA, and whether the efforts of international organizations to improve bond markets have had any effect in East … Asia. Because the sizes of the government bond markets are larger than those of the corporate bond markets in East Asia …

This paper analyzes the joint dynamic processes of macroeconomic and monetary variables and bond yields in China. We … changes in macroeconomic and monetary variables. These results differ from an earlier study on bond yields by Ang and Piazzesi … policy is conducted in China …

Taking the first bond defaults in each province in China as credit events, we adopt a difference-in-difference model … event day, suggesting a spillover effect. The spillover effect is stronger for local state-owned-enterprise bond defaults … rates and higher general public budget revenue are less affected by the first bond defaults. Overall, our paper provides new …

bonds with higher collateral haircuts. The importance of collateral haircuts on bond yields remains robust after controlling …