 | The Relative Effectiveness of Spot and Derivatives Based Intervention : The Case of Brazil Author/Editor: Milan Nedeljkovic, Christian Saborowski. Release Date:January, 2017 This paper studies the relative effectiveness of foreign exchange intervention in spot and derivatives markets. We make use of Brazilian data where spot and non-deliverable futures based intervention more...
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 | What Slice of the Pie? The Corporate Bond Market Boom in Emerging Economies Author/Editor: Diana Ayala Pena, Milan Nedeljkovic, Christian Saborowski. Release Date:July, 2015 This paper studies the determinants of shifts in debt composition among EM non-financial corporates. We show that institutions and macro fundamentals create an enabling environment for bond market more...
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