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Sovereign ESG Bond Issuance: A Guidance Note for Sovereign Debt Managers

Lindner, Peter - 2023

to provide issuers and other stakeholders with a comprehensive view of the ESG bond marketplace …

Persistent link: https://www.econbiz.de/10015059620

Sovereign Green Bonds: A Catalyst for Sustainable Debt Market Development?

Cheng, Gong - 2024

In traditional bond markets, sovereign bonds provide benchmarks and serve as catalysts for the corporate bond market … development. Contrary to the usual sequence of bond market development, sovereign issuers are latecomers to sustainable bond … markets. Yet, our empirical study finds that sovereign green bond issuance can have quantitative and qualitative benefits for …

Persistent link: https://www.econbiz.de/10015080326

Fiscal Determinants of Domestic Sovereign Bond Yields in Emerging Market and Developing Economies

Nose, Manabu - 2025

Economies (EMDEs). This paper investigates the role of fiscal policies in determining domestic bond yields, and how this … deficits results in a persistent increase in 10-year domestic bond yield by around 36 basis points over 2.5 years, with larger … effects observed during the COVID-19 pandemic. This contrasts with external bond spreads which are more sensitive to external …

Persistent link: https://www.econbiz.de/10015411343

Green Bond Pricing and Greenwashing under Asymmetric Information

Schmittmann, Jochen M. - 2022

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/10015059920

The Role of Subordinated Debt in Market Discipline; The Case of Emerging Markets

Karacadag, Cem; Shrivastava, Animesh - International Monetary Fund (IMF) - 2000

This paper evaluates the potential role of mandatory subordinated debt (MSD) in enhancing market discipline in emerging markets. The conceptual merits and key preconditions of MSD are first reviewed. Then, the extent to which emerging markets satisfy these preconditions—among them the...

Persistent link: https://www.econbiz.de/10005599477

International Financial Integration Through Equity Markets; Which Firms From Which Countries Go Global?

Schmukler, Sergio L.; Claessens, Stijn - International Monetary Fund (IMF) - 2007

This paper studies international financial integration analyzing firms from various countries raising capital, trading equity, and/or cross-listing in major world stock markets. Using a large sample of 39,517 firms from 111 countries covering the period 1989-2000, we find that, although...

Persistent link: https://www.econbiz.de/10005605173

Financial Development and Economic Growth; An Overview

Khan, Mohsin S.; Semlali, A. Senhadji - International Monetary Fund (IMF) - 2000

In recent years there has been substantial theoretical and empirical work on the role that financial markets play in fostering economic growth and development. This paper provides a selective review of the literature, as well as new empirical evidence on the relationship between financial...

Persistent link: https://www.econbiz.de/10005263653

Market Phoenixes and Banking Ducks Are Recoveries Faster in Market-Based Financial Systems?

Allard, Julien; Blavy, Rodolphe - International Monetary Fund (IMF) - 2011

Recoveries vary considerably across countries: our paper compares recoveries in bank-based and market-based economies and finds that market-based economies experience significantly and durably stronger rebounds than the bank-based ones (in particular the more bank-based economies of continental...

Persistent link: https://www.econbiz.de/10009293778

Development of Financial Markets in Central Europe; The Case of the Ce4 Countries

Adarov, Amat; Tchaidze, Robert - International Monetary Fund (IMF) - 2011

bond markets are comparable in size, measured by capitalization in percent of GDP, the private bond, private credit, and … the private bond market a significant gap remains even after accounting for these factors. …

Persistent link: https://www.econbiz.de/10009019571

Investment Incentives and Effective Tax Rates in the Philippines : A Comparison With Neighboring Countries

Klemm, Alexander - 2008

We compare the general tax provisions and investment incentives in the Philippines to six other east-Asian economies-Malaysia, Indonesia, Lao, Vietnam, Cambodia, and Thailand. We calculate effective tax rates and find that general effective tax rates are relatively high in the Philippines, while...

Persistent link: https://www.econbiz.de/10014409054