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Bond yields in emerging economies : it matters what state you are in
Jaramillo, Laura; Weber, Anke - 2012
While many studies have looked into the determinants of yields on externally issued sovereign bonds of emerging economies, analysis of domestically issued bonds has hitherto been limited, despite their growing relevance. This paper finds that the extent to which fiscal variables affect domestic...
Persistent link: https://www.econbiz.de/10009621689
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Financial Spillovers to Emerging Markets during the Global Financial Crisis
Frank, Nathaniel - 2009
In this paper potential financial linkages between liquidity and bank solvency measures in advanced economies and …
Persistent link: https://www.econbiz.de/10012677776
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What Determines Bond Market Development in sub-Saharan Africa?
Adelegan, Olatundun Janet - 2009
This study empirically analyzes the determinants of bond market development in a cross section of 23 sub-Saharan African (SSA) countries between 1990 and 2008. It considers the stage of development and the size of the bond market, as well as the historical, structural, institutional and...
Persistent link: https://www.econbiz.de/10012677884
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Bond Markets As Conduits for Capital Flows : How Does Asia Compare?
Luengnaruemitchai, Pipat - 2006
Intro -- Contents -- I. INTRODUCTION -- II. REVIEW OF PREVIOUS STUDIES -- III. DATA AND SPECIFICATION -- IV. BASIC RESULTS -- V. SENSITIVITY CHECKS -- VI. CONNECTIONS WITH OTHER ASPECTS OF FINANCIAL DEVELOPMENT -- VII. THE COMPOSITION OF THE INVESTOR BASE -- VIII. CONCLUSIONS AND POLICY...
Persistent link: https://www.econbiz.de/10012691127
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Lending Resumption After Default : Lessons from Capital Markets During the 19th Century
Sole, Juan - 2006
Intro -- Contents -- I. MOTIVATION -- II. HISTORICAL EVIDENCE ON DEFAULT AND LENDING RESUMPTION -- III. THE ENVIRONMENT -- IV. OBSERVABLE TYPES -- V. UNOBSERVABLE TYPES -- VI. CONCLUDING REMARKS -- PROOFS OF PROPOSITIONS 3 AND 4 -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691139
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The Capital Markets of Emerging Europe : Institutions, Instruments and Investors
Ong, Li - 2008
Emerging European countries have made large strides in developing their local capital markets since the early-1990s. However, the rate of development has been widely disparate across countries and market segments, underpinned by the varying degrees of progress made in key areas such as...
Persistent link: https://www.econbiz.de/10014409027
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Anatomy of Regional Disparities in the Slovak Republic
Jarmuzek, Mariusz - 2009
This paper examines economic growth and various dimensions of regional disparities in Slovakia. We find that regional … the time that Slovakia initiated negotiations on EU accession. Notwithstanding ?-divergence in the levels, there was …
Persistent link: https://www.econbiz.de/10012677811
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Global Liquidity, Risk Premiums and Growth Opportunities
Nicoló, Gianni De; Ivaschenko, Iryna V. - International Monetary Fund (IMF) - 2009
This paper constructs new indicators of liquidity for equity, bond and money markets in major advanced and emerging … evidence of an historical increase in market liquidity since the early 1990s, in part as a result of advances in international … financial integration, but markets have been increasingly exposed to global systemic liquidity shocks. Second, liquidity …
Persistent link: https://www.econbiz.de/10005826494
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What Drives China's Interbank Market?
International Monetary Fund (IMF); International … - 2009
Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and regulated interest rates (lending and deposit rates), reflecting China's gradual process of interest rate liberalization. We argue, using a theoretical model and empirical...
Persistent link: https://www.econbiz.de/10008528670
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Emerging Market Spread Compression; Is it Real or is it Liquidity?
Kodres, Laura E.; Hartelius, Kristian; Kashiwase, Kenichiro - International Monetary Fund (IMF) - 2008
. Some have attributed the fall to improved economic fundamentals while others to ample global liquidity. The paper models …
Persistent link: https://www.econbiz.de/10005605159