Economic research bond markets 2010

... domestic bonds (those that are in the local currency and placed initially in the local market) International Bonds Total Bonds Outstanding Total local- currency- denominated % of total % of GDP % ... regression estimates of Local Bond Market Development (the size of the total local currency bond market over GDP) and Local Share (the ratio of local currency bo...

Ngày tải lên: 06/03/2014, 04:21

... without the prior written permission of the publisher ISBN: 97 8-0 -0 7-1 6373 8-1 MHID: 0-0 7-1 6373 8-9 The material in this eBook also appears in the print version of this title: ISBN: 97 8-0 -0 7-1 6373 7-4 , ... approximates the world described in the NEE If the “real” world is different from the world described by the theory, then the theory claim...

Ngày tải lên: 01/11/2014, 21:28

... investors in East Asia? - How could these markets be Developing regional bond markets in East organized? Would they emerge in Asia enhances global financial stability the course of economic integration ... currencies Developing bond markets in alternatives to regional bond markets for the regional level as well as the domestic cross-border bond fina...

Ngày tải lên: 27/01/2014, 11:20

... very low interest on many accounts 3.1 Banks as users of bond markets Banks as purchasers of bonds In some economies, banks are major holders of corporate bonds For example, in Indonesia banks hold ... virtue of making banks more subject to market discipline Banks specialising in longer-term lending will tend to issue long-term bonds to lock in funding 3.3 Banks as...

Ngày tải lên: 15/02/2014, 13:20

... correlations since January 2003 of Latin American local currency bonds with: (a) Asian and European emerging market local currency bonds (0.48 and 0.30, respectively); (b) the foreign currency EMBI ... (0.52); and (c) 10-year US Treasury notes (0.18) This last set of correlations has been lower for Latin American local currency bonds than the corresponding sets for Asian and...

Ngày tải lên: 15/02/2014, 13:20

... ation-indexed bonds are valuable hedges); and di¤erences in expected returns on long-term and short-term bonds caused by liquidity premia or technical factors that segment the bond markets The ... History of In‡ ation-Indexed Bond Markets In this section we summarize graphically the history of two of the largest and best established in‡ ation-indexed bond markets, the US TIPS marke...

Ngày tải lên: 16/02/2014, 02:20

... denis.besnainou@ec.europa.eu EUROPEAN COMMISSION Databases from Socio-economic research projects for policymaking 2011 Directorate-General for Research and Innovation Socio-economic Sciences and Humanities ... chlorine-free bleached paper (TCF) Databases from socio-economic research projects for policymaking Preface The European research funded by the Frame...

Ngày tải lên: 20/02/2014, 05:21

... 2.1 -4 .3 3.2 2.6 -4 .4 1.1 3.8 -2 .1 -3 .6 0.5 2.6 -3 .9 1.2 3.2 -2 .4 -3 .7 1.1 2.7 -3 .6 1.5 3.2 -2 .3 -3 .2 1.4 Brazil Colombia Peru Chile -1 .0 -1 .7 -1 .0 0.6 -3 .3 -3 .0 -3 .8 -3 .0 -3 .4 -3 .1 -3 .9 -3 .7 ... 0.4 -4 .4 -1 .2 -3 .9 -3 .0 -1 .0 -3 .3 -2 .6 -1 .4 -2 .5 -2 .6 -1 .8 United Kingd...

Ngày tải lên: 06/03/2014, 02:21

... relate the risk premiums on inflation-indexed bonds to the covariance of these bonds with stock returns To capture the time-varying correlation of returns on inflation-indexed bonds with stock returns, ... negative if these bonds are valuable hedges); and differences in expected returns on long-term and short-term bonds caused by liquidity premiums or technical factors that segment the bon...

Ngày tải lên: 06/03/2014, 08:20

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Ngày tải lên: 06/03/2014, 08:20

... because of its flexibility (the markets are above country markets and regulation and therefore lack  national barriers to entry and are subject to less political risk), the Euromarkets, and in the UK’s case  the EuroSterling market, continue to grow and be the market of choice for issuance.  ... crises, political unrest and defaults.  13  ‘Bells and whistles’ could include call options, put o...

Ngày tải lên: 06/03/2014, 08:20

... 20 Regulatory Environment for Bond Trading and Related Institutions Bond Markets in Serbia Regulation and Bond Trading in Practice 4.1 Bond Trading: BSE and OTC An important step in developing ... Bond Markets in Serbia Bond Markets in Serbia: regulatory challenges for an efficient market © Jefferson Institute 2005 Published by: Jefferson Instit...

Ngày tải lên: 15/03/2014, 09:20

... How Do Banks Set Interest Rates? Leonardo Gambacorta NBER Working Paper No 10295 February 2004 JEL No E44, E51, E52 ABSTRACT The aim of this paper is to study cross-sectional differences in banks ... coefficient of variation in each year of monthly figures In contrast, the series that capture the variability across banks shows the coefficient of variation of annual a...

Ngày tải lên: 15/03/2014, 14:20

... Board; forecasts by LAEDC LAEDC Kyser Center for Economic Research 13 Economic Forecast, February 2012 Outlook for the International Economy III OUTLOOK FOR THE INTERNATIONAL ECONOMY Global Economic ... State/Local Government Spending LAEDC Kyser Center for Economic Research Economic Forecast, February 2012 Outlook for the U.S Economy II OUTLOOK...

Ngày tải lên: 15/03/2014, 21:20

... issuers in Asian corporate bond markets is the composition of the HSBC Asian Local Bond Index (ALBI) The index is designed to track the performance of liquid local currency bonds in China, Hong ... December 2005 Table 87 Secondary markets Liquidity in corporate bond markets Before considering the problems of liquidity in the Asian markets, it is worth keeping in min...

Ngày tải lên: 22/03/2014, 18:20