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Persistent link: https://www.econbiz.de/10009130232
advanced economies to East Asia through monetary policy reactions, integrated bond markets and induced currency appreciation …
Persistent link: https://www.econbiz.de/10013059558
This article considers the development of sukuk as the mainstay element of the "debt" or finance side of the Islamic capital markets. The two general types of sukuk are described: whole-business securitization sukuk; and asset secrutization sukuk. Differences between the conventional...
Persistent link: https://www.econbiz.de/10013080951
- the Islamic bond financing. It traces the history of Islamic Financial system, the emergence and global explosion in …
Persistent link: https://www.econbiz.de/10013138843
The study conducts an empirical test on dollar-denominated sovereign credit spreads in emerging markets, including Brazil, Colombia, Mexico, the Philippines, the Russian Federation, and Turkey to examine their relationship with each country's exchange rate and the United States (US) Treasury...
Persistent link: https://www.econbiz.de/10011756971
In this paper, I examine the heterogeneous exposure of USD-denomination bonds (dollar bonds) to exchange rate risks. An appreciation of the US dollar increases the credit spread differential, referred to as the Foreign Discount, between dollar bonds issued by non-US and US firms. I provide both...
Persistent link: https://www.econbiz.de/10014257383
The rise of bond financing in EuropeUsing large panel data of public and private firms, this paper dissects the growth … of bond financing in the Euro Area through the lens of the cross-section of issuers. In recent years, the composition of … bond issuers has shifted, with the entry of many smaller and riskier issuers. New issuers invest and grow, instead of …
Persistent link: https://www.econbiz.de/10013198743
Using large panel data of public and private firms, this paper dissects the aggregate growth of bond financing in the … Euro Area. It considerably broadened firms' access to funding, but can also lead to new risks. The composition of bond … to higher leverage and interest rates. Moreover, holdings of stable `buy-and-hold' bond investors are large in aggregate …
Persistent link: https://www.econbiz.de/10013247808
Using large panel data of public and private firms, this paper dissects the growth of bond financing in the Euro Area … through the lens of the cross-section of issuers. In recent years, the composition of bond issuers has shifted, with the entry …, holdings of ‘buy-and-hold’ bond investors are large in aggregate but small for weaker issuers. Nevertheless, the bond investors …
Persistent link: https://www.econbiz.de/10013406429
Brothers demise to help banks retain access to wholesale funding. We describe the evolution and the pattern of bond issuance … issuing bank or of the bond itself …
Persistent link: https://www.econbiz.de/10013138577