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Sovereign Bonds since Waterloo

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NBER2019-02-01 更新2025-01-04 收录
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This paper studies external sovereign bonds as an asset class. We compile a new database of 266,000 monthly prices of foreign-currency government bonds traded in London and New York between 1815 (the Battle of Waterloo) and 2016, covering up to 91 countries. Our main insight is that, as in equity

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2019-02-01
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