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African bond markets have been steadily growing in recent years, but nonetheless remain undeveloped. African countries … corporate bond markets in Africa. It then applies an econometric model to analyze the key determinants of African government … securities market and corporate bond market capitalization. Government securities market capitalization is directly related to …
Persistent link: https://www.econbiz.de/10013085987
We analyze the long-run impact of emerging-market sovereign bond yields on corporate bond yields, finding that the …
Persistent link: https://www.econbiz.de/10013306799
We analyze the corporate green bond market under a rational framework without an innate green preference, using a …, false or exaggerated claims of being green. The extent of greenwashing in the market is a function of the green bond premium …. A swift and gradual implementation of carbon pricing generates a small green bond premium and a low level of …
Persistent link: https://www.econbiz.de/10014258404
to provide issuers and other stakeholders with a comprehensive view of the ESG bond marketplace …
Persistent link: https://www.econbiz.de/10014350469
, which is more pronounced for higher maturities and when risk aversion proxied by bond market volatility is high. Going …
Persistent link: https://www.econbiz.de/10012858387
Environmental, Social, and Governance (ESG) scores are a key tool for asset managers in designing and implementing ESG investment strategies. They, however, amalgamate a broad range of fundamentally different factors, creating ambiguity for investors as to the underlying drivers of higher or...
Persistent link: https://www.econbiz.de/10014351359
The paper investigates the international integration of EM sovereign dollar-denominatedand local-currency bond markets …. Factor analysis is used to examine movements insovereign bond yields and common sources of yield variation. The results … local currency bond markets are notas internationally integrated, and three common factors explain about 74 percent of …
Persistent link: https://www.econbiz.de/10012928013
negative spillovers if global conditions were to become less favorable. This paper finds that domestic bond yields in emerging …
Persistent link: https://www.econbiz.de/10013060539
This study investigates the nonlinear relationship between public debt and sovereign credit ratings, using a wide sample of over one hundred advanced, emerging, and developing economies. It finds that: i) higher public debt lowers the probability of being placed in a higher rating category; ii)...
Persistent link: https://www.econbiz.de/10012864106
Countries in the MENAP and CCA regions have the lowest levels of financial inclusion of small and medium enterprises (SMEs) in the world. The paper provides empirical evidence on the drivers of SME access to finance for a large sample of countries, and identifies key policy priorities for these...
Persistent link: https://www.econbiz.de/10012836535