1 “...Asset allocation decisions of international investors are at the core of capital flows. This paper...”

2 “....' This paper finds that benchmark-driven investors indeed play a large role in a key segment of the market...”

3 “... the importance of the investor base for their liabilities. This paper proposes a methodology for compiling...”

4 “...We use a new, comprehensive data set on the sovereign debt investor base to document three novel...”

5 “... by foreign investors in local and hard currency, based on a similar approach that was used for advanced...”

6 “... and inflation outlook, fiscal conditions, demography, and the investor base of government securities. A further...”