01617cas a2200241 a 4500 AALejournalIMF006344 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451982602 1018-5941 BD-DhAAL BD-DhAAL Peiris, Shanaka. Foreign Participation in Emerging Markets' Local Currency Bond Markets / Shanaka Peiris. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (20 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper estimates the impact of foreign participation in determining long-term local currency government bond yields and volatility in a group of emerging markets from 2000-2009. The results of a panel data analysis of 10 emerging markets show that greater foreign participation in the domestic government bond market tends to significantly reduce long-term government yields. Moreover, greater foreign participation does not necessarily result in increased volatility in bond yields in emerging markets and, in fact, could even dampen volatility in some instances. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2010/088 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/088/001.2010.issue-088-en.xml IMF e-Library