The key characteristics of the dynamic relationship between the credit market, securities market and foreign exchange … market in the emerging of financial cycle in Ukraine have outlined. It is shown that the strong interrelations between the … concerned segments of the financial market there strengthen in the expansion phase of credit and boom on asset prices. At the …

What are major factors behind underdevelopment of corporate bond market in India? One of the major bottlenecks to the … development of this market lies in relatively larger costs of financing which dissuade the firms to raise finance from this avenue … transparency problems and ensure efficient market making. [Working Paper 6/2012-DEA ]. URL:[http://finmin.nic.in/WorkingPaper/CorpBond_Market_India.pdf]. …

We examine how asymmetric information and competition in the credit market affect voluntary information sharing between … lenders. We study an experimental credit market in which information sharing can help lenders to distinguish good borrowers … competition, and lose market power by sharing information with close competitors. Our results suggest that more asymmetric …

specific credit market failures: adverse selection adverse selection (where sellers lack information) and moral hazard (where …

We consider a closed economy where a risk neutral bank competes with a competitive bond market. Firms can finance a … observe adverse selection while if it concerns only the expected return, bad types are driven out of the market. …

constant political disturbances and external shocks on the market price of gold made monetary policy a challenging task. The …