Emerging Market Local Currency Bond Yields and Foreign Holdings in the Post-Lehman Period : a Fortune or Misfortune? /

The paper shows that foreign holdings of local currency government bonds in emerging market countries (EMs) have reduced bond yields but have somewhat increased yield volatility in the post-Lehman period. Econometric analyses conducted from a sample of 12 EMs demonstrate that these results are robus...

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Chi tiết về thư mục
Tác giả chính: Ebeke, Christian
Tác giả khác: Lu, Yinqiu
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2014.
Loạt:IMF Working Papers; Working Paper ; No. 2014/029
Truy cập trực tuyến:Full text available on IMF