ebooks and download videos Search All  Title  Author 
Home / Nonfiction / Business & Economics / Economics / Macroeconomics

What Slice of the Pie? The Corporate Bond Market Boom in Emerging Economies

| £7.50 | €8.43 | Ca$12.17 | Au$12.01
by Diana Ayala Pena & Milan Nedeljkovic
What is this?DRM-EPUB | by download   add to wish list
What Slice of the Pie? The Corporate Bond Market Boom in Emerging Economies by Diana Ayala Pena & Milan Nedeljkovic

This paper studies the determinants of shifts in debt composition among EM non-financial corporates. We show that institutions and macro fundamentals create an enabling environment for bond market development. During the recent boom episode, however, global cyclical factors accounted for most of the variation of bond shares in total corporate debt. The sensitivity to global factors appears to vary with relative bond market size-which we interpret to be associated with liquidity and easy entry and exit-rather than local fundamentals. Foreign bank linkages help explain why bond markets increasingly substituted for banks in channeling liquidity to EMs. Our results highlight the risk of capital flow reversal in EMs that benefited from the upturn in the global financial cycle mostly due to their liquid markets rather than strong fundamentals.

To view this DRM protected ebook on your desktop or laptop you will need to have Adobe Digital Editions installed. It is a free software. We also strongly recommend that you sign up for an AdobeID at the Adobe website. For more details please see FAQ 1&2. To view this ebook on an iPhone, iPad or Android mobile device you will need the Adobe Digital Editions app, or BlueFire Reader or Txtr app. These are free, too. For more details see this article.

SHARE  Share by Email  Share on Facebook  Share on Twitter  Share on Linked In  Share on Delicious
or call in the US toll free 1-888-866-9150 product ID: 758267

Ebook Details
Pages: 45
Size: 2.7 MB
Date published:   2015
ISBN: 9781513539201 (DRM-EPUB)

DRM Settings
Copying:not allowed
Printing:not allowed
Read Aloud:  not allowed

This product is listed in the following categories:

Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > Economics > Macroeconomics

If you find anything wrong with this product listing, perhaps the description is wrong, the author is incorrect, or it is listed in the wrong category, then please contact us. We will promptly address your feedback.

© 2016