The Demand for Emerging Market Bonds
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.
DOI Link
ISSN
Publisher
Elsevier BV
Disciplines
Business | Physical Sciences and Mathematics
Recommended Citation
Umar, Zaghum and Spierdijk, Laura, "The Demand for Emerging Market Bonds" (2013). All Works. 3387.
https://zuscholars.zu.ac.ae/works/3387
Indexed in Scopus
no
Open Access
no