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Foreign Participation in Local Currency Bond Markets

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NBER2006-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12548
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Countries that cannot attract foreigners to invest in their local currency bonds run the risk of currency mismatches that can result in painful crises. We analyze foreign participation in the bond markets of over 40 countries. Bond markets in less developed countries have returns characterized by
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2006-10-01
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