Using the universe of all externally issued bonds by corporates and sovereigns in emerging and developing economies during 2000-14, this paper analyzes various issuance trends, including the unprecedented post-crisis surge. The paper focuses on external issuance at the country-industry and individual bond levels and finds that global factors matter greatly for emerging and developing economies issuance. A decrease in U.S. expected equity market (or...
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INFORMATION
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2015/07/13
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Document de travail de recherche sur les politiques
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WPS7363
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1
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1
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2015/07/13
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Disclosed
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Global liquidity and external bond issuance in emerging markets and developing economies
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bond