"The Demand for Emerging Market Bonds" by Zaghum Umar and Laura Spierdijk
 

The Demand for Emerging Market Bonds

Author First name, Last name, Institution

Zaghum UmarFollow
Laura Spierdijk

Document Type

Article

Source of Publication

SSRN Electronic Journal

Publication Date

1-1-2013

Abstract

We study the multi-period asset allocation problem for emerging market investors whose asset menu consists of stocks, bonds and bills. We consider two types of emerging market investors: domestic investors (with returns in local currency) and international investors who can invest in US and emerging markets assets (with returns in US dollars). In developed markets, long-term government bonds are often considered attractive investment options for risk-averse investors. Our results show that emerging market bonds with a maturity of one year and longer can be attractive for domestic and international investors with different risk preferences, in both the short run and the long run.

ISSN

1556-5068

Publisher

Elsevier BV

Disciplines

Business | Physical Sciences and Mathematics

Indexed in Scopus

no

Open Access

no

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