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Global risk transmission to local financial conditions and the participation of foreign investors in emerging market economies' sovereign bond markets: the case of Colombia

In: Capital flows, exchange rates and financial conditions in EMEs in an evolving international monetary system

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  • Central Bank of Colombia

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  • Central Bank of Colombia, 2026. "Global risk transmission to local financial conditions and the participation of foreign investors in emerging market economies' sovereign bond markets: the case of Colombia," BIS Papers chapters, in: Bank for International Settlements (ed.), Capital flows, exchange rates and financial conditions in EMEs in an evolving international monetary system, volume 127, pages 115-130, Bank for International Settlements.
    • Handle: RePEc:bis:bisbpc:171-06
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    References listed on IDEAS

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    1. Tomas Williams, 2018. "Capital Inflows, Sovereign Debt and Bank Lending: Micro-Evidence from an Emerging Market," The Review of Financial Studies, Society for Financial Studies, vol. 31(12), pages 4958-4994.
    2. Mr. Serkan Arslanalp & Dimitris Drakopoulos & Rohit Goel & Mr. Robin Koepke, 2020. "Benchmark-Driven Investments in Emerging Market Bond Markets: Taking Stock," IMF Working Papers 2020/192, International Monetary Fund.
    3. Timmer, Yannick, 2018. "Cyclical investment behavior across financial institutions," Journal of Financial Economics, Elsevier, vol. 129(2), pages 268-286.
    4. Mr. Shanaka J Peiris, 2010. "Foreign Participation in Emerging Markets’ Local Currency Bond Markets," IMF Working Papers 2010/088, International Monetary Fund.
    5. Fong, Tom Pak Wing & Sze, Angela Kin Wan & Ho, Edmund Ho Cheung, 2022. "Do long-term institutional investors contribute to financial stability? – Evidence from equity investment in Hong Kong and international markets," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 77(C).
    6. Ken Miyajima & Ilhyock Shim, 2014. "Asset managers in emerging market economies," BIS Quarterly Review, Bank for International Settlements, September.
    7. Mr. Serkan Arslanalp & Mr. Takahiro Tsuda, 2015. "Emerging Market Portfolio Flows: The Role of Benchmark-Driven Investors," IMF Working Papers 2015/263, International Monetary Fund.
    8. Ocampo, José Antonio & Villamizar-Villegas, Mauricio & Orbegozo-Rodríguez, Germán & Fajardo-Baquero, Nicolás & Botero-Ramírez, Oscar & Orozco-Vanegas, Camilo, 2025. "The role of investor participation on sovereign debt markets: Evidence from an emerging economy," Emerging Markets Review, Elsevier, vol. 66(C).
    9. Barry Eichengreen & Ricardo Hausmann & Ugo Panizza, 2023. "Yet it Endures: The Persistence of Original Sin," Open Economies Review, Springer, vol. 34(1), pages 1-42, February.
    10. Obstfeld, Maurice, 2012. "Financial flows, financial crises, and global imbalances," Journal of International Money and Finance, Elsevier, vol. 31(3), pages 469-480.
    11. Bruno, Valentina & Shin, Hyun Song, 2015. "Capital flows and the risk-taking channel of monetary policy," Journal of Monetary Economics, Elsevier, vol. 71(C), pages 119-132.
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