Sovereign Bonds since Waterloo
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This paper studies external sovereign bonds as an asset class. We compile a new database of 266,000 monthly prices of foreign-currency government bonds traded in London and New York between 1815 (the Battle of Waterloo) and 2016, covering up to 91 countries. Our main insight is that, as in equity
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美国国家经济研究局创建时间:
2019-02-01



