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bond issuers relative to other firms, but no difference for green loan and sustainability-linked loan borrowers. Green bond …
Persistent link: https://www.econbiz.de/10012605577
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/10012670991
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 macroeconomic factors driving bond market development in SSA. The study …
Persistent link: https://www.econbiz.de/10014403192
This paper identifies factors that contributed to the development and effectiveness of debt securities markets in the major advanced economies. Government securities markets have benefited from their international orientation—debt management is most effective when it is independent of monetary...
Persistent link: https://www.econbiz.de/10014403369
fundamentals and/or external variables-have contributed to the surge in external bond issuance by these LICs, which we refer to in … our paper as 'frontier economies'. Using data on public and publicly guaranteed (PPG) external bond issuance, outstanding … PPG bond stock, as well as sovereign spreads, we employ panel data analysis to examine factors related to the increase in …
Persistent link: https://www.econbiz.de/10012613401
, 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/10012154614
very liquid market. In this paper, we examine the two largest ""jumbo"" covered bond markets, Germany and Spain. We show … how movements in covered bond prices can be used to analyze the credit developments of the underlying issuer and the …
Persistent link: https://www.econbiz.de/10014403008
Persistent link: https://www.econbiz.de/10011282722
economies between 2010 and 2017. Since 2010, firms have started to rely more on corporate bond markets and have used part of …
Persistent link: https://www.econbiz.de/10012252676
We examine risk spreads charged on corporate bonds placed by emerging market borrowers on international exchanges. While global developments have an important effect on spreads, changes in firm-level default risk also matter significantly in a way consistent with theory and experience in mature...
Persistent link: https://www.econbiz.de/10014404328