Emerging Bond Markets: Shedding Light on Trends and Patterns

ISBN-13: 9780367503987 / Angielski / Miękka / 2022 / 350 str.

Tamara Teplova; Tatiana V. Sokolova; Qaiser Munir

Opis

The bond market is a key securities market and emerging economies present exciting, new investment opportunities. This timely book provides insights into these emerging bond markets through empirical models and analytical databases, i.e. Bloomberg, EikonRefinitiv and the Russian Cbonds.

Spis treści

Part 1 Trends and determinants of bond market development  1. Change in tendencies in the global debt market: Specifics of development of emerging markets  2. Asian bond markets: Potential benefits for global investors  3. National currency weakness and collective investment as determinants of development of domestic corporate bond markets  Part 2 Pricing in bond markets  4. The determinants of government bond yields in emerging markets  5. Regional bond yields: Debt burden and liquidity are the key factors  6. Liquidity metrics in the bond market: Explaining yields in the non-financial and banking sectors  7. Determinants of bank bond spreads in Latin America  8. Specifics of pricing of corporate bonds with embedded put and call options  9. Do covenants really reduce the cost of debt in emerging markets?  Part 3 If the default is tomorrow  10. If the default is tomorrow: Factors influencing corporate bond recovery rates  11. Determinants of corporate bond defaults: The role of corporate governance in emerging markets  Part 4 Forecasting the dynamics of the bond market  12. Sanction shock and the SSA Caterpillar method: Forecasting the market dynamics  13. Modelling and forecasting systemic risk on the bond market  Part 5 ETFs and portfolio investment  14. A new tool for an investor in the bond market: Corporate bond ETF  15. Portfolio investment in emerging bond markets: Trends and determinants  Part 6 Anomalies in the bond markets  16. Calendar effects in emerging bond markets  17. Which investment strategy is profitable in the bond market Reverse or momentum? What about risk?  Part 7 Analytical and information databases: Algorithms of work  18. Eikon Refinitiv, Bloomberg and Cbonds databases for solving research problems