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Does Insider Trading Raise Market Volatility?

Wei, Shang-jin - 2003

This paper studies the role of insider trading in explaining cross-country differences in stock market volatility. The … controls for liquidity/maturity of the market and the volatility of the underlying fundamentals (volatility of real output and …

Persistent link: https://www.econbiz.de/10014403864

How green are green debt issuers?

Schmittmann, Jochen Markus; Teng, Chua Han - 2021

Green debt markets are rapidly growing while product design and standards are evolving. Many policymakers and investors view green debt as an important component in the policy mix to achieve the transition to a low carbon economy and ensure the pricing of climate risks. Our analysis contributes...

Persistent link: https://www.econbiz.de/10012605577

The Rationale and Design of Inflation-Indexed Bonds

Price, Robert T. - 1997

A number of industrialized countries have recently offered inflation-indexed bonds. Some members of another group of countries that had earlier adopted more comprehensive indexation in response to high inflation have taken steps to reduce the scope of indexation in their economies. This paper...

Persistent link: https://www.econbiz.de/10014403310

Nonresident capital flows and volatility : evidence from Malaysia's local currency bond market

Grigorian, David A. - 2019

Malaysia's local currency debt market is one of the most liquid public debt markets in the world. In recent years, the … volatility. The paper provides an overview of the recent developments in the conventional debt market. It builds an empirical two … that nonresident flows are behind the observed exchange rate volatility. The results suggest that the public debt market in …

Persistent link: https://www.econbiz.de/10012001596

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

Ebeke, Christian - 2014

reduced bond yields but have somewhat increased yield volatility in the post-Lehman period. Econometric analyses conducted …, foreign holdings are greatly associated with increased yield volatility. A case study using Poland data elaborates on the …

Persistent link: https://www.econbiz.de/10014394303

Emerging market local currency bond yields and foreign holdings in the post-Lehman period : a fortune or misfortune?

Ebeke, Christian; Lu, Yinqiu - 2014

Persistent link: https://www.econbiz.de/10010389595

Banks, Government Bonds, and Default : What do the Data Say?

Gennaioli, Nicola - 2014

We analyze holdings of public bonds by over 20,000 banks in 191 countries, and the role of these bonds in 20 sovereign defaults over 1998-2012. Banks hold many public bonds (on average 9% of their assets), particularly in less financially-developed countries. During sovereign defaults, banks...

Persistent link: https://www.econbiz.de/10014411356

Central Bank Credit to the Government : What Can We Learn From International Practices?

Matamoros-Indorf, Marcela - 2012

Using a central bank legislation database, this paper documents and analyzes worldwide institutional arrangements for central bank lending to the government and identifies international practices. Key findings are: (i) in most advanced countries, central banks do not finance government...

Persistent link: https://www.econbiz.de/10014396932

Central bank credit to the government : what can we learn from international practices?

Jácome, Luis Ignacio; Matamoros-Indorf, Marcela; … - 2012

Persistent link: https://www.econbiz.de/10009423901

Fiscal transparency, borrowing costs, and foreign holdings of sovereign debt

Kemoe, Laurent; Zhan, Zaijin - 2018

This paper explores the effects of fiscal transparency on the borrowing costs of 33 emerging and developing economies (EMs), and on foreign demand for their sovereign debt. Using multiple indicators, including a constructed one based on the published data in the IMF's Government Finance...

Persistent link: https://www.econbiz.de/10011905917