An interesting disconnect has taken shape between local currency- and hard currency-denominated bonds in emerging markets with respect to their portfolio flows

Accommodative monetary policies in advanced economies have spurred increased capital inflows into emerging markets since the global financial crisis. Starting i

This paper analyses the determimants of emerging market sovereign bond spreads by examining the short and long-run effects of fundamental (macroeconomic) and te

The current Global Financial Stability Report (April 2016) finds that global financial stability risks have risen since the last report in October 2015. The new

This paper examines the drivers of liquidity shortages in the Mexican government bond market. We use unique transaction- and quote level data with information o