What Slice of the Pie? : The Corporate Bond Market Boom in Emerging Economies / Diana Ayala Pena, Milan Nedeljkovic, Christian Saborowski.
This paper studies the determinants of shifts in debt composition among EM non-financial corporates. We show that institutions and macro fundamentals create an enabling environment for bond market development. During the recent boom episode, however, global cyclical factors accounted for most of the...
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| Online Access: |
Full Text (via IMF e-Library) |
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| Main Author: | |
| Other Authors: | , |
| Format: | eBook |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2015.
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| Series: | IMF working paper ;
WP/2015/148. |