서브메뉴
검색
Essays on Global Bond Market Integration: The Roles of Foreign Ownership, Auction Signals, and Currency Risk
Essays on Global Bond Market Integration: The Roles of Foreign Ownership, Auction Signals, and Currency Risk
상세정보
- 자료유형
- 학위논문 서양
- 최종처리일시
- 20260202103541
- ISBN
- 9798280718265
- DDC
- 332.63
- 저자명
- Xu, Lingdi.
- 서명/저자
- Essays on Global Bond Market Integration: The Roles of Foreign Ownership, Auction Signals, and Currency Risk
- 발행사항
- [Sl] : Harvard University, 2025
- 발행사항
- Ann Arbor : ProQuest Dissertations & Theses, 2025
- 형태사항
- 145 p
- 주기사항
- Source: Dissertations Abstracts International, Volume: 86-12, Section: A.
- 주기사항
- Advisor: Campbell, John Y.;Wallen, Jonathan L.
- 학위논문주기
- Thesis (Ph.D.)--Harvard University, 2025.
- 초록/해제
- 요약This dissertation investigates how global investors shape bond market integration through three interconnected mechanisms: cross-border asset ownership, informational dynamics in bond auctions, and currency-related risk preferences. The first chapter demonstrates that increased foreign ownership of sovereign bonds significantly strengthens the co-movement of bond yields across countries, using China's 2017 bond market liberalization as a case study. The second chapter identifies U.S. Treasury auctions as uniquely informative events that reveal global investor demand for long-term bonds and result in systematic declines in global yields. The third chapter explores how currency risk influences investor behavior, documenting systematic differences in return sensitivity and capital flow volatility driven by currency denomination and hedging practices.
- 키워드
- Bond yields
- 키워드
- Currency risk
- 키워드
- Sovereign debt
- 기타저자
- Harvard University Economics
- 기본자료저록
- Dissertations Abstracts International. 86-12A.
- 전자적 위치 및 접속
- 로그인 후 원문을 볼 수 있습니다.
MARC
008260126s2025 us c eng d■001000017357646
■00520260202103541
■006m o d
■007cr#unu||||||||
■020 ▼a9798280718265
■035 ▼a(MiAaPQ)AAI32040897
■040 ▼aMiAaPQ▼cMiAaPQ
■0820 ▼a332.63
■1001 ▼aXu, Lingdi.▼0(orcid)0009-0005-0686-2714
■24510▼aEssays on Global Bond Market Integration: The Roles of Foreign Ownership, Auction Signals, and Currency Risk
■260 ▼a[Sl]▼bHarvard University▼c2025
■260 1▼aAnn Arbor▼bProQuest Dissertations & Theses▼c2025
■300 ▼a145 p
■500 ▼aSource: Dissertations Abstracts International, Volume: 86-12, Section: A.
■500 ▼aAdvisor: Campbell, John Y.;Wallen, Jonathan L.
■5021 ▼aThesis (Ph.D.)--Harvard University, 2025.
■520 ▼aThis dissertation investigates how global investors shape bond market integration through three interconnected mechanisms: cross-border asset ownership, informational dynamics in bond auctions, and currency-related risk preferences. The first chapter demonstrates that increased foreign ownership of sovereign bonds significantly strengthens the co-movement of bond yields across countries, using China's 2017 bond market liberalization as a case study. The second chapter identifies U.S. Treasury auctions as uniquely informative events that reveal global investor demand for long-term bonds and result in systematic declines in global yields. The third chapter explores how currency risk influences investor behavior, documenting systematic differences in return sensitivity and capital flow volatility driven by currency denomination and hedging practices.
■590 ▼aSchool code: 0084.
■653 ▼aBond market integration
■653 ▼aBond yields
■653 ▼aCurrency risk
■653 ▼aForeign ownership
■653 ▼aSovereign debt
■653 ▼aTreasury auctions
■690 ▼a0501
■690 ▼a0511
■690 ▼a0338
■71020▼aHarvard University▼bEconomics.
■7730 ▼tDissertations Abstracts International▼g86-12A.
■790 ▼a0084
■791 ▼aPh.D.
■792 ▼a2025
■793 ▼aEnglish
■85640▼uhttp://www.riss.kr/pdu/ddodLink.do?id=T17357646▼nKERIS▼z이 자료의 원문은 한국교육학술정보원에서 제공합니다.
