Showing 1 - 10 of 21
In the past several years, the ten new Central and Eastern European members of the European Union have enjoyed rapid growth but frequently alongside growing external imbalances. Economists have pointed to rising vulnerabilities, but markets compressed sovereign bond yields. This paper examines...
Persistent link: https://www.econbiz.de/10005599415
Persistent link: https://www.econbiz.de/10010752356
We use data on the extent to which residents of one country hold the bonds of issuers resident in another as a measure of financial integration or interrelatedness, asking how Asia compares with Europe and Latin America and with the base case in which the purchaser and issuer of the bonds reside...
Persistent link: https://www.econbiz.de/10005769016
We use data on the extent to which residents of one country hold the bonds of issuers resident in another as a measure of financial integration or interrelatedness, asking how Asia compares with Europe and Latin America and with the base case in which the purchaser and issuer of the bonds reside...
Persistent link: https://www.econbiz.de/10005778709
Asia¡¦s underdeveloped bond markets and dependence on bank finance have been topics of concern since the crisis of 1997-98. In this paper we document that the slow development of Asian bond markets is a phenomenon with multiple dimensions. Larger country size, stronger institutions, less...
Persistent link: https://www.econbiz.de/10005558095
Asia's underdeveloped bond markets and dependence on bank finance have been topics of concern since the crisis of 1997-8. In this paper we document that the slow development of Asian bond markets is a phenomenon with multiple dimensions. Larger country size, stronger institutions, less volatile...
Persistent link: https://www.econbiz.de/10005050085
Persistent link: https://www.econbiz.de/10005127937
The objective of this paper is to discuss the key issues relating to the development of local corporate bond markets. We examine the requirements for local corporate bond market development, and compare and contrast experiences across both mature and emerging markets. We suggest that core...
Persistent link: https://www.econbiz.de/10005264116
Persistent link: https://www.econbiz.de/10008580507
Managing Capital Flows provides analyses designed to help policymakers develop a framework for managing capital flows that is consistent with prudent macroeconomic and financial sector stability.
Persistent link: https://www.econbiz.de/10011176112