Financial stability and local currency bond markets

The following references were submitted in connection with the CGFS Working Group, which produced the report Financial stability and local currency bond markets. However, the views expressed in these papers are those of the authors and do not represent those of their respective institutions.

Acevedo, P, E Alberola and C Broto (2007): Local debt expansion,... vulnerability reduction? An assessment for six crises-prone countries, Banco de EspaƱa (PDF, 36 pages, 288 kb)

Ciarlone, A, P Piselli and G Trebeschi (2007): Demand and supply of local currency bonds in emerging markets: primary evidence from a new dataset, Banca d'Italia (PDF, 28 pages, 267 kb)

Grandes, M and M Peter (2007): The Empirical Determinants of Local-Currency-Denominated Corporate Spreads in Emerging Economies: Evidence from South Africa, (PDF, 40 pages, 330 kb)

Mehl, A and J Reynaud (2005): The determinants of "domestic" original sin in emerging market economies, European Central Bank (PDF, 43 pages, 737 kb)

Wolff-Hamacher, S (2007): Local currency bond issues by international financial institutions, Deutsche Bundesbank (PDF, 30 pages, 139 kb)