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The impact of the euro on money and bond markets
Santillán, Javier; Bayle, Marc; Thygesen, Christian - 2000
The paper provides an analysis of the euro area money and bond markets and their infrastructure since the introduction of the euro. Significant development in terms of integration took place in both markets in general to a various degree for the different segments. However, there remain room for...
Persistent link: https://www.econbiz.de/10011606153
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Bond market development in Asia: An empirical analysis of major determinants
Bhattacharyay, Biswa Nath - 2011
currency and foreign currency liquidity in the corporate sector, as foreign banks withdrew investments from Asia. Furthermore …, Asia needs large quantities of capital (US$750 billion per year for 2010-2020) to develop infrastructure connectivity … Asia include the size of an economy, the stage of economic development, the openness of an economy, the size of the banking …
Persistent link: https://www.econbiz.de/10010279840
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Developing Asian local currency bond markets: Why and how?
Spiegel, Mark M. - 2009
This paper examines the motivation for, and the success of, regional efforts in Asia to promote local currency bond …
Persistent link: https://www.econbiz.de/10010279833
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The development of local debt markets in Asia: An assessment
Goswarni, Mangal; Sharma, Sunil - 2011
The paper gives an assessment of the progress made in developing local debt markets in emerging Asia. Market … scale, efficiency, and access. With rapid economic growth in Asia, a key challenge is to generate financial assets that can …
Persistent link: https://www.econbiz.de/10010279770
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The role of state intervention in the financial sector: Crisis prevention, containment, and resolution
Cho, Yoon Je - 2010
This paper discusses the role of state intervention for prevention, containment, and resolution of financial crises based mainly on the Korean experience during the 1997 Asian financial crisis. Crises in emerging market and developing economies tend to be more complicated than those faced by...
Persistent link: https://www.econbiz.de/10010286125
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Institutions, the cost of capital, and long-run economic growth: Evidence from the 19th century capital market
Alquist, Ron; Cha, Ben - 2012
Late 19th century investors demanded compensation to invest in countries with poor institutional protection of property rights. Using the monthly stock returns of 1,808 firms located in 43 countries but traded in London between 1866 and 1907, we estimate the country-specific cost of capital. We...
Persistent link: https://www.econbiz.de/10010292144
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Offshoring And Financial Markets
Battisti, Gianfranco - 2013
During the 20th century all economic structures underwent the impact of two epochal phenomena, the communications revolution and the financialization of economy. As a consequence of the never ending technological progress, the first has repeatedly reduced the friction of distance, provoking a...
Persistent link: https://www.econbiz.de/10011397502
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India's expericene in navigating the trilemma: Do capital control help?
Kohli, R. - 2011
Managing capital flows is the key policy challenge for emerging economies like India in the aftermath of the crisis. In contrast to other emerging markets who are levying capital controls, India's macro-monetary framework is distinguished by significant restrictions that help manage inflows....
Persistent link: https://www.econbiz.de/10011807663
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EMU and European government bond market integration
Abad, Pilar; Chuliá, Helena; Gómez-Puig, Marta - 2009
The main objective of this paper is to study whether the introduction of the euro had an impact on the degree of integration of European Government bond markets. We adopt the CAPM-based model of Bekaert and Harvey (1995) to compare, from the beginning of Monetary Union until June 2008, the...
Persistent link: https://www.econbiz.de/10011605125
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Central banks and capital flows
Grenville, Stephen - 2008
policy agenda, but in a very different context. The countries of East Asia are now getting more inflows than they can …
Persistent link: https://www.econbiz.de/10010279707