This paper deals with the question of knowing if countries with bank based financial activity face crises more expensive than those where bond markets are broader and more developed. Based on the work of Arteta (2005), the results of the empirical tests on a panel of emerging countries suggest...

The main objective of this study is to empirically determine which factors are related to the development of local-currency bond market (LCBM) in Saudi Arabia over the period 1990-2019. Using ARDL modeling, the results reveal long-run cointegrating relationships between LCBM capitalization and...