We examine the determinants of Asian firms' decisions to participate in the corporate bond market and the determinants of the magnitude of bond debt for firms that do issue bonds. We compare the behaviour of Asian firms with US firms and investigate what drives differences in their financing...

This paper examines the dynamic properties of Asia-Pacific local currency sovereign bond yields and risk premiums. We focus, in particular, on the properties and interactions of components of bond risk premiums that are due to credit spreads and exchange rates. We find that local variables are...