Tracking Global Demand for Emerging Market Sovereign Debt

Tracking Global Demand for Emerging Market Sovereign Debt
Author :
Publisher : International Monetary Fund
Total Pages : 50
Release :
ISBN-10 : 9781484326541
ISBN-13 : 1484326547
Rating : 4/5 (41 Downloads)

Book Synopsis Tracking Global Demand for Emerging Market Sovereign Debt by : Mr.Serkan Arslanalp

Download or read book Tracking Global Demand for Emerging Market Sovereign Debt written by Mr.Serkan Arslanalp and published by International Monetary Fund. This book was released on 2014-03-05 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes an approach to track US$1 trillion of emerging market government debt held by foreign investors in local and hard currency, based on a similar approach that was used for advanced economies (Arslanalp and Tsuda, 2012). The estimates are constructed on a quarterly basis from 2004 to mid-2013 and are available along with the paper in an online dataset. We estimate that about half a trillion dollars of foreign flows went into emerging market government debt during 2010–12, mostly coming from foreign asset managers. Foreign central bank holdings have risen as well, but remain concentrated in a few countries: Brazil, China, Indonesia, Poland, Malaysia, Mexico, and South Africa. We also find that foreign investor flows to emerging markets were less differentiated during 2010–12 against the background of near-zero interest rates in advanced economies. The paper extends some of the indicators proposed in our earlier paper to show how the investor base data can be used to assess countries’ sensitivity to external funding shocks and to track foreign investors’ exposures to different markets within a global benchmark portfolio.


Tracking Global Demand for Emerging Market Sovereign Debt Related Books

Tracking Global Demand for Emerging Market Sovereign Debt
Language: en
Pages: 50
Authors: Mr.Serkan Arslanalp
Categories: Business & Economics
Type: BOOK - Published: 2014-03-05 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper proposes an approach to track US$1 trillion of emerging market government debt held by foreign investors in local and hard currency, based on a simil
Sovereign Rating News and Financial Markets Spillovers
Language: en
Pages: 30
Authors: Bertrand Candelon
Categories: Business & Economics
Type: BOOK - Published: 2011-03-01 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper examines the spillover effects of sovereign rating news on European financial markets during the period 2007-2010. Our main finding is that sovereign
The Central Bank and the Financial System
Language: en
Pages: 560
Authors: Charles Albert Eric Goodhart
Categories: Business & Economics
Type: BOOK - Published: 1995 - Publisher: MIT Press

DOWNLOAD EBOOK

As economic advisor to the Bank of England for many years, C. A. E. Goodhart is uniquely positioned to assess the role of the central bank in the modern financi
Managing the Sovereign-Bank Nexus
Language: en
Pages: 54
Authors: Mr.Giovanni Dell'Ariccia
Categories: Business & Economics
Type: BOOK - Published: 2018-09-07 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper reviews empirical and theoretical work on the links between banks and their governments (the bank-sovereign nexus). How significant is this nexus? Wh
A Primer on Managing Sovereign Debt-Portfolio Risks
Language: en
Pages: 133
Authors: Thordur Jonasson
Categories: Business & Economics
Type: BOOK - Published: 2018-04-06 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper provides an overview of sovereign debt portfolio risks and discusses various liability management operations (LMOs) and instruments used by public de