The development of government bond markets and, in particular, their currency composition have recently received much interest, partly because of their relation with financial crises. The authors study the determinants of the size and currency composition of government bond markets for a panel of industrial and developing countries. They find that countries with larger economies, greater domestic investor bases, and more flexible exchange rate regimes...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2003/03/31
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Рабочий документ в рамках исследования вопросов политики
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WPS2986
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1
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1
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2010/07/01
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Disclosed
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Government bonds in domestic and foreign currency: the role of macroeconomic and institutional factors
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foreign currency