. Using security-level data from the Japanese government bond (JGB) market, this paper finds evidence of the scarcity (flow …

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 …

rates. We estimate that purchasing 1 percent of a bond outstanding is associated with a decline of its repo rate of 0.78 bps …

We analyse euro area investors' portfolio rebalancing during the ECB's Asset Purchase Programme at the security level …

management tool. We provide a complete timeline of the ECB liquidity line announcements and study their signalling and spillback … effects. The announcement of an ECB euro liquidity line decreases the premium paid by foreign agents to borrow euros in FX …

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 …

We analyze the long-run impact of emerging-market sovereign bond yields on corporate bond yields, finding that the …

. Earlier in the crisis, the increase in market-implied contagion led to higher Asian sovereign bond yield spreads over swaps …