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financial crisis. We show that this expansion was led by large-denomination bond issuances (bonds with face values exceeding US …$300 million, and often exceeding US$500 million). The drastic shift in the pattern of bond issuances reflects increased … investor willingness to purchase emerging market corporate bonds so long as they are included in international bond indexes …
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This paper studies how crises prompted firms to switch borrowing across markets, impacting the amount borrowed, maturity, and currency denomination at the firm and aggregate levels. Using data on worldwide debt issuance from advanced and emerging economies, the paper shows that firms shifted...
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. Nonfinancial corporate debt was mainly issued through bond markets, and its growth can be largely attributed to accommodative …
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paper shows that this increase was driven by large-denomination bond issuances, most of them with face value of USD 500 …
Persistent link: https://www.econbiz.de/10012051937
developed, more and smaller firms gained access to equity and corporate bond financing. Domestic markets also helped some …
Persistent link: https://www.econbiz.de/10012022363
This paper provides the first comprehensive documentation of how firms use domestic and international corporate bond …
Persistent link: https://www.econbiz.de/10011395494