| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16249 |
| 来源ID | Working Paper 16249 |
| Emerging Local Currency Bond Markets | |
| John D. Burger; Francis E. Warnock; Veronica Cacdac Warnock | |
| 发表日期 | 2010-08-05 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | We assess the development of local currency bond markets in emerging market economies (EMEs). Supported by policies and laws that helped to improve macroeconomic stability and creditor rights, many local currency EME bond markets have grown substantially over the past decade and have also provided USD-based investors with attractive returns. U.S. investors have responded by increasing their holdings of EME local currency bonds from less than $2 billion in 2001 to over $27 billion by end-2008. While the increase in U.S. investment spanned many EMEs, empirical tests suggest that relatively more went to those with identifiable investor-friendly institutions and policies. |
| 主题 | International Economics ; International Finance ; Financial Economics ; Portfolio Selection and Asset Pricing ; Financial Markets |
| URL | https://www.nber.org/papers/w16249 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573924 |
| 推荐引用方式 GB/T 7714 | John D. Burger,Francis E. Warnock,Veronica Cacdac Warnock. Emerging Local Currency Bond Markets. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16249.pdf（347KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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