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John Ammer

Senior Economic Project Manager · Board of Governors of the Federal Reserve System

Senior Economic Project Manager in the International Finance Division of the Federal Reserve Board since 2015, with a Princeton PhD (1992). Research covers international finance, including currency exposure of non-banks and investment funds.

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Published Classic Journal of International Money and Finance Published Jul 2019
Home country interest rates and international investment in U.S. bonds

John Ammer · Stijn Claessens · Alexandra Tabova · Caleb Wroblewski

When the sovereign yield in an investor's own country falls, that country's private investors hold more U.S. bonds and tilt the mix toward riskier corporate debt rather than Treasuries. Across 31 …