Government Bonds in Domestic and Foreign Currency : The Role of Institutional and Macroeconomic Factors

In contrast to some recent research, this paper finds that institutional and macroeconomic factors are related to the depth and currency composition of government bond markets. Using panel data for developed and emerging economies, we find several factors to be systematically associated with bond ma...

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Bibliographic Details
Main Authors: Claessens, Stijn, Klingebiel, Daniela, Schmukler, Sergio L.
Format: Journal Article
Language:en_US
Published: Wiley 2013
Subjects:
Online Access:http://hdl.handle.net/10986/16215