What Slice of the Pie? : The Corporate Bond Market Boom in Emerging Economies /

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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Bibliografische gegevens
Hoofdauteur: Ayala Pena, Diana
Andere auteurs: Nedeljkovic, Milan, Saborowski, Christian
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2015.
Reeks:IMF Working Papers; Working Paper ; No. 2015/148
Online toegang:Full text available on IMF