Csullag, Balazs, Danielsson, Jon and Macrae, Robert (2016) Why it doesn't make sense to hold bonds. VoxEU.
Full text not available from this repository.Abstract
Investor demand for bonds is very high. This column argues that this is surprising because under almost any likely inflation scenario, including central banks merely hitting their target inflation rates, bondholders suffer large losses. The beneficiaries are sovereign and corporate borrowers; the losers are pension funds, insurance companies and some foreign exchange reserve funds. Meanwhile, the systemic risk from a bond crisis is increasing.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.voxeu.org/ |
| Additional Information: | © 2016 The Authors |
| Divisions: | Finance Systemic Risk Centre |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management H Social Sciences > HG Finance |
| Date Deposited: | 20 Sep 2016 15:07 |
| Last Modified: | 15 Sep 2023 15:33 |
| URI: | http://eprints.lse.ac.uk/id/eprint/67800 |
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