Foreign investors and the market for Indonesian government local-currency bonds

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Sulistiono, Arif Prabowo (2023) Foreign investors and the market for Indonesian government local-currency bonds. PhD thesis, University of Nottingham.

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Abstract

Before 2000, foreign investors held few bonds issued by governments in emerging markets that were denominated in local currency. Since 2000, such holdings have grown rapidly; in Indonesia, foreigners held nearly 40% of all local-currency bonds by 2019. This thesis examines the determinants of the yields and intra-month volatility of ten-year Indonesian local-currency bonds and uses daily data to investigate the trading behaviour of foreign investors of different types.

Item Type: Thesis (University of Nottingham only) (PhD)
Supervisors: Bleaney, Michael
Morozumi, Atsuyoshi
Keywords: Emerging markets; Government bonds; Government securities; Foreign investors; Investments, Foreign, Indonesia
Subjects: H Social sciences > HG Finance
Faculties/Schools: UK Campuses > Faculty of Social Sciences, Law and Education > School of Economics
Item ID: 72014
Depositing User: Sulistiono, Arif
Date Deposited: 31 Jul 2023 04:40
Last Modified: 31 Jul 2023 04:40
URI: https://eprints.nottingham.ac.uk/id/eprint/72014

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