In this study, we attempt to understand the role of greater access to finance, i.e., stocks, bonds and bank loans, in public–private partnership (PPP) investment in developing countries. Most developing countries still depend heavily on fiscal financing for infrastructure projects. Our...

This study examines the impact of bond markets on both bank profit and cost efficiency. By employing the stochastic frontier approach and utilizing a large micro dataset for 926 banks covering 27 economies from the Asia and Pacific region over the period from 2004 to 2017, we find that both the...

The urgency surrounding environmental sustainability has triggered an innovation of financing channels for climate and environmental projects. Green bond as one such channel, has garnered immense interests from investors, with an implicit view that this fixed-income instrument is a relatively...

This study examines the impact of bond markets on both bank profit and cost efficiency. To do so, we employ the stochastic frontier approach and utilize a large micro-dataset of 926 banks from 27 Asia-Pacific economies in 2004-2017. We find that both bond market development and bond market...

During decade of market development, the Association of Southeast Asian Nations (ASEAN) financial markets seem to be increasingly integrated into the regional and global markets. The aim of this study is to explore and measure the strength and direction of bond market connectedness between...