Work

Emerging Local Currency Bond Markets

Year: 2010

Type: article

Abstract: In this article, the authors assess local currency bond markets in emerging market economies (EMEs). Supported by policies and laws that helped improve macroeconomic stability and creditor rights, local currency EME bond markets have grown substantially over the past decade and have provided USD-based investors with attractive returns. U.S. investors have responded by sharply increasing their holdings of EME local currency bonds, especially in EMEs with investor-friendly institutions and policies.

Source: Financial Analysts Journal

DOI: 10.2469/faj.v68.n4.4

Authors: John D. Burger, Francis E. Warnock, Veronica Cacdac Warnock

Institutions: Loyola University Maryland, National Bureau of Economic Research, University of Virginia

Language: English

Topic: Credit Risk and Financial Regulations

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W2050201207

FWCI: 7.801

Cites: 23

Cited by: 128

Related to: 10