Author/Editor: Laura Jaramillo, Anke Weber.

Release Date: December, 2013

While fiscal conditions remain healthier than in advanced economies, emerging economies continue to be exposed to negative spillovers if global conditions were to become less favorable. This paper more...

Release Date: October, 2013

The October 2013 Global Financial Stability Report examines current risks facing the global financial system at it undergoes a series of transitions along the path toward greater financial stability. more...

Release Date: September, 2012

Author/Editor: Joonkyu Park.

Release Date: September, 2012

Capital market development in Brazil is a key policy issue going forward to foster savings, investment and absorptive capacity in a context of prospects for sizable capital flows in the medium term. more...

Author/Editor: Laura Jaramillo, Anke Weber.

Release Date: August, 2012

While many studies have looked into the determinants of yields on externally issued sovereign bonds of emerging economies, analysis of domestically issued bonds has hitherto been limited, despite more...

Author/Editor: Jacob Gyntelberg, Mico Loretan, Subhanij Tientip.

Release Date: August, 2012

We demonstrate empirically that not all capital flows influence exchange rates equally: Capital flows induced by foreign investors’ stock market transactions have both an economically more...

Release Date: July, 2012

This 2012 Article IV Consultation—Selected Issues Paper on Euro Area Policies argues that the creation of a common eurozone financial stability architecture is an immediate priority to restore the more...

Release Date: July, 2012

Release Date: July, 2012

Author/Editor: Olga Krasicka, Sylwia Nowak.

Release Date: June, 2012

What attracts conventional investors to Islamic financial instruments? We answer this question by comparing Malaysian Islamic and conventional security prices and their response to macrofinancial more...

Author/Editor: Jochen R. Andritzky.

Release Date: June, 2012

This paper introduces a new dataset on the composition of the investor base for government securities in the G20 advanced economies and the euro area. During the last decades, investors from abroad more...

Release Date: April, 2012

A detailed assessment report on the observance of the Committee on Payment and Settlement Systems-International Organization of Securities Commissions recommendations for China's Securities more...

Author/Editor: Mohsan Bilal, Manmohan Singh.

Release Date: March, 2012

This paper looks at some technical issues when using CDS data, and if these are incorporated, the analysis or regression results are likely to benefit. The paper endorses the use of stochastic more...

Author/Editor: Masafumi Yabara.

Release Date: January, 2012

Capital markets in the East African Community (EAC) face common challenges of low capitalization and liquidity, but to different degrees. EAC member countries have made noticeable progress in more...

Release Date: December, 2011

Author/Editor: Bertrand Candelon, Rabah Arezki, Amadou N. R. Sy.

Release Date: December, 2011

This paper studies the spillover effects both within the bond markets for individual U.S. states and between the latter and the market for U.S. Treasury securities. We perform the Forbes and Rigobon more...

Author/Editor: Waikei W. Lam, Kiichi Tokuoka.

Release Date: December, 2011

Despite the rise in public debt, Japanese Government Bond (JGB) yields have remained low and stable, supported by steady inflows from the household and corporate sectors, high domestic ownership of more...

Release Date: August, 2011

Abstract more...

Release Date: July, 2011

Author/Editor: A Javier Hamann, Irina Bunda, Subir Lall.

Release Date: January, 2010

This paper examines the comovement in emerging market bond returns and disentangles the influence of external and domestic factors. The conceptual framework, set in the context of asset allocation, more...