BIS researchers dissect emerging market fire sales

bis-5
The BIS
Photo: Daniel Hinge

Emerging market bond fund managers appear to add to procyclical behaviour by investors by making additional discretionary sales when faced by a "sudden stop", according to research published today (August 24) by the Bank for International Settlements (BIS).

In the working paper Investor redemptions and fund manager sales of emerging market bonds: how are they related?, Jimmy Shek, Ilhyock Shim and Hyun Song Shin study the cases of 18 local currency and 18 international currency emerging market

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.