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Does Governing Law Affect Bond Spreads?
Ratha, Dilip - 2019
Controlling for bond and issuer characteristics, bond spreads are expected to be equal across different legal … bond spreads is not explained by collective action clauses, or first-time bond issuances. Instead, the difference seems to …
Persistent link: https://www.econbiz.de/10012902676
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Impacts of Sovereign Rating on Sub-Sovereign Bond Ratings in Emerging and Developing Economies
Mohapatra, Sanket - 2017
used to estimate the relative contributions of bond-level, issuer-level, and macroeconomic factors that determine this … sub-sovereign bond ratings that are constrained by the sovereign rating ceiling, a Tobit regression model shows a smaller …
Persistent link: https://www.econbiz.de/10012969641
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Global Liquidity and External Bond Issuance in Emerging Markets and Developing Economies
Feyen, Erik - 2017
on external issuance at the country-industry and individual bond levels and finds that global factors matter greatly for … odds that the monthly issuance volume of a country-industry is above its historical average; (ii) decrease individual bond … yields and spreads; and (iii) raise bond maturities, after controlling for country pull factors, bond characteristics (for …
Persistent link: https://www.econbiz.de/10012971420
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Financial Globalization in Emerging Economies : Much Ado About Nothing?
Levy-Yeyati, Eduardo Levy - 2014
Financial globalization, defined as global linkages through cross-border financial flows, has become increasingly relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the way it is often measured, it has also led to the...
Persistent link: https://www.econbiz.de/10013068213
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Financial Globalization in Emerging Economies : Much Ado About Nothing?
Levy-Yeyati, Eduardo Levy - 2017
Financial globalization, defined as global linkages through cross-border financial flows, has become increasingly relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the way it is often measured, it has also led to the...
Persistent link: https://www.econbiz.de/10012976061
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The Global Financial Crisis and Development Thinking
Rogers, F. Halsey - 2017
The global financial crisis has not only dealt a major blow to the global economy, but also shaken confidence in economic management in the developed world and the economic models that guide it. The crisis has revealed major market failures, especially in the housing bubble and its transmission...
Persistent link: https://www.econbiz.de/10012976477
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Financial Globalization : A Glass Half Empty?
Abraham, Facundo - 2017
Since the 1970s, the world has embarked on a new financial globalization era. Cross-country capital flows have significantly increased in developed and developing countries. However, the characteristics of financial globalization differ from what was originally expected. Various examples...
Persistent link: https://www.econbiz.de/10012947853
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The Regulatory and Supervisory Framework for Fixed Income Markets in Europe
Dumoulin, Hubert Grignon - 2017
look at the development and regulation of fixed income securities markets in Europe. Fixed income securities markets in Europe have historically been characterized by a number of national markets that were interconnected by way of foreign exchange markets. They are presently undergoing major...
Persistent link: https://www.econbiz.de/10012971039
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Sukuk Markets : A Proposed Approach for Development
Kusuma, Ketut Ariadi - 2017
makers use a framework similar to that of the development of conventional bond markets, that is, by establishing (1) well …
Persistent link: https://www.econbiz.de/10012972406
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Financing Low-Carbon Transitions Through Carbon Pricing and Green Bonds
Heine, Dirk - 2019
To finance the transition to low-carbon economies required to mitigate climate change, countries are increasingly using a combination of carbon pricing and green bonds. This paper studies the reasoning behind such policy mixes and the economic interaction effects that result from these different...
Persistent link: https://www.econbiz.de/10012864368