---
title: Local-Currency Bond Markets in Emerging Economies and Foreign Investors
url: https://www.ml-quant.com/papers/ssrn/4586788/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4586788
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4586788
featured: 2023-10-04
citations: unknown
topic: Macro-Finance & Rates
---


# Local-Currency Bond Markets in Emerging Economies and Foreign Investors

When global risk aversion rises, foreign mutual funds increase net sales of Indonesian Rupiah bonds, causing the IDR to depreciate against the US dollar and increasing bond market volatility.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4586788
- Identifier: SSRN 4586788
- Released: 2023-09-28
- First featured: Quant Letter No. 18 (2023-10-04): https://www.ml-quant.com/issues/2023-10-04/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Macro-Finance & Rates

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