Toxic mortgage related assets in bank portfolios have tested the pervasive free market wisdom that markets can effectively discipline the risk taking behavior of financial firms. In the buildup to the current crises, banks over-leveraged themselves by investing in risky mortgage securities. In...

1 Introduction -- 2 Towards a European Green Bond Standard: A European initiative to promote sustainable finance -- 3 Member States sovereign green bond issuance and the development of local green bond markets in the EU -- 4 Issuing a green bond – a practical perspective -- 5 Issuing green...

We investigate how firms in emerging economies choose among the different international bond markets: global, US144A and Eurobond markets. By exploiting the connection between the market of issuance and regulatory disclosure of information, we show that firms with poorer credit quality, less...