Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/82499
Authors: 
Säfvenblad, Patrik
Year of Publication: 
1999
Series/Report no.: 
Sveriges Riksbank Working Paper Series 86
Abstract: 
This paper uses a unique dataset on daily capital ows to the Swedish bond market to analyse the relative information endowment of domestic and foreign investors. Using the standard framework of a noisy rational expectations equilibrium, it is concluded that foreign investors are on average better informed than domestic investors about the future value of sek denominated bonds. The better information of foreign investors is shown to be related to both pure Swedish factors as well as international factors.
Subjects: 
Bond prices
capital flows
foreign investors
informed investors
intrest rate determination
JEL: 
E43
G12
G14
G15
Document Type: 
Working Paper

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