Real Money Investors and Sovereign Bond Yields

WP/13/254

Real Money Investors and Sovereign Bond Yields
Experience from the global financial crisis suggests that countries' borrowing costs are not solely determined by macro and fiscal fundamentals. Factors such as ownership structures of government securities, among others, also play a significant role. This paper investigates the effect of "real money investors"—domestic nonbanks and national and... READ MORE...

Publication date: December 2013
ISBN 9781475548617
$18.00

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Publication date: December 2013

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Publication date: December 2013

English