Status of Research on Global Sovereign Bond Markets: An Exploratory Research

This paper examines the current status of research on sovereign bond market around the world and the level of consideration received by Indian sovereign bonds in international peer reviewed finance journals as well as top Indian finance journals for the last 18 years, from 2000-2017. The authors explored all the published research articles available in four popular online research databases such as Sciencedirect, Emerald Insight, Wiley online library, and Sage publications by using the keyword "Sovereign Bond" and identified 370 scholarly articles on 12 different sub themes across 64 top rated international journals. 16 of 370 articles had considered Indian sovereign bond market as a sample. The authors could also identify an increasing trend in number of researches. Using the same methodology the authors examined 8 top Indian journals, from which only 2 articles were identified. The paper also explored 83 working papers on Indian sovereign bonds. Overall, there is a visible growth in research related to global sovereign bond markets, whereas Indian sovereign bond markets are not being considered.