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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

The Impact of the Euro on Money and Bond Markets

Santillan Fraile, Javier; Bayle, Marc; Thygesen, Christian - 2021

Persistent link: https://www.econbiz.de/10013318465

Vietnam’s Corporate Bond Market, 1990-2010 : Some Reflections

Vuong, Quan Hoang - 2011

Corporate bond appeared in 1992-1994 in Vietnamese capital markets. However, it is still not popular to both business sectors and academic circles. This paper explores different dimensions of Vietnamese corporate bond market using a unique and perhaps, most complete data set. State not only...

Persistent link: https://www.econbiz.de/10013132450

Unconventional monetary policy and productivity : evidence on the risk-seeking channel from us corporate bond markets

Albrizio, Silvia; Conesa, Marina; Dlugosch, Dennis; … - 2019

We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US between 2008 and 2016. Using monetary policy surprises, obtained from changes in interest rates futures in narrow windows around FOMC announcements, we isolate the increased...

Persistent link: https://www.econbiz.de/10011975741

The Underlying Constraints on Corporate Bond Market Development in Southeast Asia

Sharma, Krishnan - 2001

There has been little analysis on the underlying institutional constraints to corporate bond market development in Thailand, Malaysia and Indonesia. Research so far has concentrated on weaknesses in market infrastructure. This paper illustrates the interlocking relationships between...

Persistent link: https://www.econbiz.de/10014144350

Corporate Bond Market in the Transition Economy of Vietnam, 1990-2010

Vuong, Quan Hoang - 2010

Corporate bond appeared early in 1992-1994 in Vietnamese capital markets. However, it is still not popular to both business sector and academic circle. This paper explores different dimensions of Vietnamese corporate bond market using a unique, and perhaps, most complete dataset. The State not...

Persistent link: https://www.econbiz.de/10013149359

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

Forecasting high-yield bond spreads using the loan market as leading indicator

Simmons-Süer, Banu - 2013

This paper attempts to find an aggregate leading indicator to predict the spreads observed for high-yield (HY) bond indices. Using a vector error correction (VEC) specification for quarterly data, we establish a long-term equilibrium relationship between the HY market spreads and its...

Persistent link: https://www.econbiz.de/10009707628

Creation and Development of a Market : The Paris Corporate Bond Market in the 19th Century

Rezaee, Amir - 2011

This paper studies the French corporate bonds market during the 19th century. Despite its importance, the performance of the corporate bonds quoted on the Paris Bourse has never been studied. In order to analyse this market, a price index of the corporate bond market has been created by using...

Persistent link: https://www.econbiz.de/10013134709

CDS and the Liquidity Provision in the Bond Market

Massa, Massimo - 2012

We study the effect of credit default swap (CDS) on the corporate bond market. We argue that CDS, by reducing the need of investors to liquidate the bonds in the face of credit deterioration of the issuer, reduces fire sale risk and provides bond liquidity. Given that bond investors are...

Persistent link: https://www.econbiz.de/10013099075