Who holds sovereign debt and why it matters

Keywords: sovereign debt, banks and non-banks, advanced economies and emerging markets. Page 2. BIS Working Papers are written by members of the Monetary and ...

Who Holds Sovereign Debt and Why It Matters | NBER

Counterfactual analysis of emerging market sovereigns shows a 10% increase in debt leads to a 5.8% yield increase, but an out-sized 8.4% ...

WHO HOLDS SOVEREIGN DEBT AND WHY IT MATTERS

We construct a data set of sovereign debt holdings by foreign and domestic bank, non-bank private, and official investors for 95 countries over twenty years.

Who holds sovereign debt and why it matters | CEPR

The ability to issue debt is an important instrument at the government's disposal. Sovereign borrowing can help buffer the economy from the ...

WHO HOLDS SOVEREIGN DEBT AND WHY IT MATTERS Xiang ...

credit, including © notice, is given to the source. Page 2. Who Holds Sovereign Debt and Why It Matters. Xiang Fang, Bryan Hardy, and Karen K. Lewis. NBER ...

Who holds sovereign debt and why it matters - SUERF

Keywords: Sovereign debt, banks, non-bank investors, advanced economies, emerging markets. JEL codes: F34, G11, G15, F41. The ability of a sovereign to borrow – ...

Who Holds Sovereign Debt and Why It Matters

Counterfactual analysis of emerging market sovereigns shows a 10% increase in debt leads to a 5.8% yield increase, but an out-sized 8.4% increase without non- ...

Who Holds Sovereign Debt and Why It Matters

Counterfactual analysis of emerging market sovereigns shows a 10% increase in debt leads to a 5.8% yield increase, but an out-sized 8.4% ...

Who Holds Sovereign Debt and Why It Matters

1b. Decompose variations in debt into investor holdings. "Who holds expansions of govt debt?" Non-Bank Private Investors expand holdings the ...

Who Holds Sovereign Debt and Why It Matters?*

Overall, this finding underscores the view that non-bank financial institutions, particularly investment funds, play an important role in global sovereign debt ...

DP17338 Who Holds Sovereign Debt and Why It Matters - CEPR

This paper studies the impact of investor composition on the sovereign debt market. We construct a data set of sovereign debt holdings by ...

Who holds sovereign debt and why it matters - SUERF

Non-bank investors are the most marginal for sovereign debt, meaning their holdings expand and contract the most when total sovereign debt ...

Who holds sovereign debt and why it matters - Ideas for India

This article constructs and analyses data on the composition of the investor base for sovereign debt disaggregated into six types of investors for advanced ...

“Who Holds Sovereign Debt and Why It Matters” by Fang, Hardy ...

▷ Can a macro framework help to understand the identification issues? ▷ Three components. ▷ government budget constraint. ▷ bond pricing/demand. ▷ optimizing ...

Who holds sovereign debt and why it matters - Investment Office

Private non-bank investors absorb disproportionately more sovereign debt supply than other investors. Moreover, non-bank investor demand is most responsive to ...

Who Holds Sovereign Debt and Why It Matters* - AWS

Given the significant response of investors to yield across investor groups for EM government debt, we focus on sovereign debt exposure for ...

Who Holds Sovereign Debt and Why it Matters by Xiang Fang, Bryan ...

Abstract. This paper studies the impact of investor composition on the sovereign debt market. We construct a data set of sovereign debt holdings ...

Who Holds Sovereign Debt and Why It Matters - EconBiz

Who Holds Sovereign Debt and Why It Matters · F34 - International Lending and Debt Problems · G11 - Portfolio Choice · G15 - International Financial Markets · F41 - ...

October 2024: Who holds sovereign debt and why it matters

This columns asks who the investors that hold government debt are, and whether the ownership composition matters. Overall, as debt increases, ...

Who Holds Sovereign Debt and Why It Matters

When a government issues more debt, which investors pick it up? How responsive are investors to changes in the yield? Fang, Hardy, and Lewis.