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dc.titleThe effects of foreign investors' holdings on the local currency sovereign bond markets in Latin America
dc.contributor.authorBaumann Fonay, Iván
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageArgentina
dc.coverageBrazil
dc.coverageChile
dc.coverageColombia
dc.coverageMexico
dc.coveragePeru
dc.coverageUruguay
dc.coverageLatin America
dc.date.available2022-05-09T00:05:00
dc.date.issue2022-05-09T00:05:00
dc.description.abstractSince the turn of the century, emerging market economies have begun to develop markets for bonds denominated in their local currencies, thus trying to avoid the “original sin” that resulted in many previous crises. This paper tries to determine the impact of foreign investment in these markets for seven Latin American economies. It finds that foreign investment can be either a blessing or a curse, depending on depreciation expectations.
dc.format.extent24
dc.identifier.doihttp://dx.doi.org/10.18235/0004240
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/The-effects-of-foreign-investors-holdings-on-the-local-currency-sovereign-bond-markets-in-Latin-America.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectFinancial Bond
dc.subjectEmerging Market
dc.subjectGovernment Bond
dc.subjectCredit Market
dc.subjectInterest Rate
dc.subjectFinancial Market
dc.subject.jelcodeE44 - Financial Markets and the Macroeconomy
dc.subject.jelcodeF34 - International Lending and Debt Problems
dc.subject.jelcodeG12 - Asset Pricing • Trading Volume • Bond Interest Rates
dc.subject.jelcodeG15 - International Financial Markets
dc.subject.keywordsBond interest rate;International financial markets;Sovereign bonds;International borrowing
dc.typeTechnical Notes
idb.identifier.pubnumberIDB-TN-02451
idb.operationRG-E1774
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