Search Results - subject_exact:"Foreign-currency bonds"

Dollarization waves : new evidence from a comprehensive international bond database

Pradhan, Swapan-Kumar; Prasad, Eswar S.; Takáts, Előd; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015556380

Más allá del Carry-Trade : nuevas perspectivas sobre los usos de emisiones de bonos denominados en moneda extranjera por parte de empresas latinoamericanas entre los años 2000 y 2022

Pérez Artica, Rodrigo; Rabinovich, Joel; Zeolla, … - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015168408

A new player in the international bond market : comparing the macroeconomic determinants of foreign-currency denominated debt before the inclusion of the Renminbi in the SDR

Ferreira-Lopes, Alexandra; Ribeiro, Gonçalo; Martins, … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015373941

The Role of International Financial Integration in Monetary Policy Transmission

Wu, Jing Cynthia; Xie, Yinxi; Zhang, Ji - 2024

Motivated by empirical evidence, we propose an open-economy New Keynesian model with financial integration that allows financial intermediaries to hold foreign long-term bonds. We find financial integration features an amplification for a domestic monetary policy shock and a negative spillover...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014486220

Vertrauen generieren : zur Bedeutung der Regelung der privaten deutschen Auslandsschulden im Zuge der Londoner Schuldenkonferenz (1948-1961)

Boeselager, Franziskus von - 2022

Die Arbeit untersucht die Wiederherstellung der privaten deutschen Kreditwürdigkeit nach dem Zweiten Weltkrieg anhand eines Konstitutionsprozesses von Vertrauen im Zuge der Londoner Schuldenkonferenz. Im Mittelpunkt steht die These, dass die Bedeutung der deutschen Auslandsschuldenregelung...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013194656

Convenience Yields and Exchange Rate Puzzles

Jiang, Zhengyang; Krishnamurthy, Arvind; Lustig, Hanno; … - 2024

We introduce safe asset demand for dollar-denominated bonds into a tractable incomplete-market model of exchange rates. The convenience yield on dollar bonds enters as a stochastic wedge in the Euler equations for exchange rate determination. This wedge reduces the pass-through from marginal...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014468291

Currency management by international fixed-income mutual funds

Sialm, Clemens; Zhu, Qifei - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015168715

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Currency Management by International Fixed Income Mutual Funds

Sialm, Clemens; Zhu, Qifei - 2021

Book / Working Paper

The economics of green debt

Bongaerts, Dion; Schoenmaker, Dirk - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013253498

Granular Investors and International Bond Prices : Scarcity-Induced Safety

Faia, Ester; Salomão, Juliana; Ventula Veghazy, Alexia - 2022

With a unique dataset of euro area corporate bonds we study the role of large heterogeneous investors’ demand on currency pricing. We document that while insurance and pension funds exhibit strong preferences for holding assets issued by local firms and denominated in home currency; mutual...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014235964

A quantity-driven theory of term premia and exchange rates

Greenwood, Robin; Hanson, Samuel G.; Stein, Jeremy C.; … - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014391979

Capital account liberalization and international corporate bond issuance : transaction-level evidence from China

Wang, Xiao; Luo, Yongwen; Zhu, Ziyan - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014440045

Foreign-Currency Bonds : Currency Choice and the Role of Uncovered and Covered Interest Parity

Habib, Maurizio Michael; Joy, Mark - 2021

Using count-data techniques, this paper studies the determinants of currency choice in the issuance of foreign-currency-denominated bonds. In particular, we investigate whether bond issuers choose their issuance currency in order to exploit the borrowing-cost savings associated with deviations...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013316472

Emerging Market Spreads : Then Versus Now

Mauro, Paolo; Sussman, Nathan; Yāfe, Yišay - 2021

This paper analyzes yield spreads on sovereign debt issued by emerging markets using modern data from the 1990s and newly-collected historical data on debt traded in London during 1870-1913, a previous golden era for international capital market integration. Applying several empirical...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013317777

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Emerging Market Spreads : Then Versus Now

Mauro, Paolo - 2009

Book / Working Paper

First offshore bond issuances and firm valuation

Dimic, Nebojsa; Orlov, Vitaly; Piljak, Vanja - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013455040

Debt intolerance : threshold level and composition

Matsuoka, Hideaki - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013348510

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Debt intolerance : threshold level and composition

Matsuoka, Hideaki - 2020

Book / Working Paper

Debt Intolerance : Threshold Level and Composition

Matsuoka, Hideaki - 2020

Book / Working Paper

Contagion and Portfolio Shift in Emerging Countries’ Sovereign Bonds

Díez de los Ríos, Antonio; García Herrero, Alicia - 2021

The paper tests whether there were events of contagion, and portfolio shift, in the sovereign bond markets of eleven emerging countries' between January 1995 and November 2001. From existing definitions, we narrow down the concept of contagion by focusing on pricing errors, after general market...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013322975

International bond markets, risk premiums and Brexit : theory and empirical findings

Kadiric, Samir - 2021

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013337492

Debauchery and original sin : the currency composition of sovereign debt

Engel, Charles; Park, JungJae - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013349205

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Debauchery and original sin : the currency composition of sovereign debt

Engel, Charles; Park, JungJae - 2018

Book / Working Paper

Debauchery and Original Sin : The Currency Composition of Sovereign Debt

Engel, Charles - 2018

Book / Working Paper

Debauchery and Original Sin : The Currency Composition of Sovereign Debt

Engel, Charles - 2018

Book / Working Paper

Enhanced collective action clauses and sovereign borrowing costs

Chung, Kay; Papaioannou, Michael G. - 2021

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013348302

Troubles with the CHF loans in Croatia : the story of a case still waiting to be closed

Kundid Novokmet, Ana - 2021

In numerous Central and Eastern European (CEE) countries, the global financial crisis as well as the unpegging of the foreign exchange rate of the Swiss franc (CHF) against the euro amplified the repayment troubles of households with the outstanding CHF-linked debt. In Croatia, the CHF loans...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012484110

Do enhanced collective action clauses affect sovereign borrowing costs?

Chung, Kay; Papaioannou, Michael G. - 2021

This paper analyzes the effects of including collective action clauses (CACs) and enhanced CACs in international (nondomestic law-governed) sovereign bonds on sovereigns’ borrowing costs, using secondary-market bond yield spreads. Our findings indicate that inclusion of enhanced CACs,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012887842

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Do enhanced collective action clauses affect sovereign borrowing costs?

Chung, Kay; Papaioannou, Michael G. - 2020

Book / Working Paper

The foreign currency swap market : a perspective from policymakers

Shirakawa, Masaaki - 2021

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012300006

An event study of COVID-19 central bank quantitative easing in advanced and emerging economies

Hartley, Jonathan S.; Rebucci, Alessandro - 2020

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012240710

The rise in international bond issuance by low-income African countries : a shift of pattern or a fashion that already fades away?

Raffinot, Marc; Ferry, Marin; Donnat, Gregory - 2020

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012233933

Bond exchange offers or collective action clauses

Hege, Ulrich; Mella-Barral, Pierre - 2019

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012154173

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Bond Exchange Offers or Collective Action Clauses?

Hege, Ulrich - 2020

Book / Working Paper

US dollar funding : an international perspective

2020

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012230905

International currencies and capital allocation

Maggiori, Matteo; Neiman, Brent; Schreger, Jesse - 2020

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012417180

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International currencies and capital allocation

Maggiori, Matteo; Neiman, Brent; Schreger, Jesse - 2018

Book / Working Paper

International currencies and capital allocation

Maggiori, Matteo; Neiman, Brent; Schreger, Jesse - 2018

Book / Working Paper

International currencies and capital allocation

Maggiori, Matteo; Neiman, Brent; Schreger, Jesse - 2018

Book / Working Paper

Currency matters : analyzing international bond portfolios

Burger, John D.; Warnock, Francis E.; Warnock, Veronica C. - 2018

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012038042

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Currency matters : analyzing international bond portfolios

Burger, John D.; Warnock, Francis E.; Warnock, Veronica C. - 2017

Book / Working Paper

Currency Matters : Analyzing International Bond Portfolios

Burger, John D. - 2017

Book / Working Paper

Currency Matters : Analyzing International Bond Portfolios

Burger, John D. - 2017

Book / Working Paper

Bond convenience yields and exchange rate dynamics

Valchev, Rosen - 2020

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012216326

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Bond Convenience Yields and Exchange Rate Dynamics

Valchev, Rosen - 2017

Book / Working Paper

Home currency issuance in international bond markets

Hale, Galina; Jones, Peter C.; Spiegel, Mark - 2020

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012588175

Consumption Smoothing Across States and Time : International Insurance vs. Foreign Loans

Von Furstenberg, George M. - 2016

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012991365

Can pandemic bonds deliver on their promise?

Dore, Giovanna Maria Dora - 2020

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012263420

Issuing International Bonds : A Guidance Note

van der Wansem, Patrick B. G. - 2019

Financial conditions in recent years have provided developing countries with unprecedentedopportunities to tap international bond markets, increasing access to commercial debtfinancing. On that background, developing countries are broadening the range of debtinstruments employed in implementing...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012646078

Would Collective Action Clauses Raise Borrowing Costs? An Update and Additional Results

Mody, Ashoka - 2016

Collective action clauses raise borrowing costs for low-rated borrowers and lower them for high-rated borrowers. This result holds for all developing country bonds and also for the subset of sovereign bond issuers.It is easy to say that the International Monetary Fund should not resort to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012748881

How firms borrow in international bond markets : securities regulation and market segmentation

Fuertes, Alberto; Serena, José María - 2016

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011799223

The origins of the original sin in Euroland : wie der Euro im Lehrbuch von Paul De Grauwe zur Fremdwährung wurde

Schmidt, Johannes; Krämer, Hagen - 2019

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012240256

Strategische Fremdwährungsverschuldung

Bartholomä, Philipp - 2018 - 1. Auflage

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011879787

Local currency bond market development in Sub-Saharan Africa : a stock-taking exercise and analysis of key drivers

Essers, Dennis; Blommestein, Hans J.; Cassimon, Danny; … - 2016

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011563285

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Local Currency Bond Market Development in Sub-Saharan Africa : A Stock-Taking Exercise and Analysis of Key Drivers

Essers, Dennis - 2015

Book / Working Paper

Local Currency Bond Market Development in Sub-Saharan Africa : A Stock-Taking Exercise and Analysis of Key Drivers

Essers, Dennis - 2015

Book / Working Paper

International bond risk premia, currency of denomination, and macroeconomic (in)stability

Chen, Shu-Hua - 2018

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012113711

Explaining foreign holdings of Asia's debt securities : the Feldstein-Horioka paradox revisited

Horioka, Charles; Terada Hagiwara, Akiko; Nomoto, Takaaki - 2016

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011525875

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Explaining foreign holdings of Asia's debt securities : the Feldstein-Horioka paradox revisited

Horioka, Charles; Terada Hagiwara, Akiko; Nomoto, Takaaki - 2015

Book / Working Paper

Explaining Foreign Holdings of Asia's Debt Securities : The Feldstein-Horioka Paradox Revisited

Horioka, Charles - 2015

Book / Working Paper

Explaining Foreign Holdings of Asia's Debt Securities : The Feldstein-Horioka Paradox Revisited

Horioka, Charles - 2015

Book / Working Paper

Explaining Foreign Holdings of Asia's Debt Securities : The Feldstein-Horioka Paradox Revisited

Horioka, Charles Yuji - 2015

Book / Working Paper

Development of Asian Local Currency Bond Markets and Remaining Challenges

Kitano, Yohei - 2015

Asia's local-currency bond markets continue to develop and are expanding at a pace that exceeds the economic growth of countries in the region. This strong growth of Asia's bond markets is due to a number of reasons, among which we highlight the contribution to market infrastructure and systems...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013023054

Assessing the forward premium puzzle : a factor-augmented panel data approach

Breitung, Jörg; Mann, Katja - 2017

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011703861

The asymmetric effect of international swap lines on banks in emerging markets

Andrieş, Alin Marius; Fischer, Andreas M.; Yeşin, Pınar - 2017

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011742162

International Bond Risk Premia

Dahlquist, Magnus - 2015

We find evidence for time-varying risk premia across international bond markets. Local and global factors jointly predict returns. The global factor is closely linked to US bond risk premia and international business cycles. Movements in the global factor seem to drive risk premia and expected...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013038602

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International Bond Risk Premia

Dahlquist, Magnus - 2015

Book / Working Paper

International corporate diversification and financial flexibility

Jang, Yeejin - 2017

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011924565

The impact of international swap lines on stock returns of banks in emerging markets

Andrieş, Alin Marius; Fischer, Andreas M.; Yeşin, Pınar - 2015

This paper investigates the impact of international swap lines on stock returns using data from banks in emerging markets. The analysis shows that swap lines by the Swiss National Bank (SNB) had a positive impact on bank stocks in Central and Eastern Europe. It then highlights the importance of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011298483