Driven by abundant liquidity and searching for better returns, many foreign investors became well acquainted with bonds denominated in the local currencies of emerging market countries. As documented by the country cases in this paper, Debt Management Offices (DMOs) in these countries happily embraced access to a "new" funding source and a more diverse investor base. The note explores how countries attracted foreign investors for local currency financing...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2021/05/27
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Рабочие документы
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159579
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1
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1
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2021/05/27
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Disclosed
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How to Attract Non-Resident Investors to Local Currency Bonds : the Cases of Ukraine, Panama, Colombia, and Brazil
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domestic debt stock