Do Local Currency Bond Markets Enhance Financial Stability? Some Empirical Evidence
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DOI: 10.1080/1540496x.2019.1696190
Abstract: ABSTRACT It is widely believed that local currency bond markets (LCBMs) can promote financial stability in emerging markets. In this article, we empirically test such conventional wisdom by analyzing and comparing six measures of financial… read more here.
Keywords: currency bond; emerging markets; bond markets; stability ... See more keywords