The paper makes an assessment of the progress made in develo** local debt markets in
emerging Asia. Market development has been limited by hurdles confronting borrowers and …

Corporate bond issuers in emerging economies in Asia have often had a choice between an
onshore market and an offshore one. Since 1998, however, many of these issuers have …

This paper investigates the impact of CDS trading on the development of the bond market in
Asia. In general, CDS trading has lowered the cost of issuing bonds and enhanced the …

The various financial crises all over the globe underscore the need for economies to have
vibrant bond markets to augment their financial portfolios. Among other benefits, this will …

Using a panel of 38 economies, over the period 2001–2010, we analyse the link between
different facets of education and diversification in international portfolios. We find that …

Abstract on the surprising phenomenon in which firms face difficulty issuing in domestic
currency even in the home market, especially in emerging markets. Could this be due to …

The aim of this paper is to investigate the impact of banks' sovereign debt exposures on the
financial development of Turkey. Results of the bounds test reveal a long-run and negative …

Mit der Modernisierung des Schuldverschreibungsgesetzes im Jahr 2009 beabsichtigte der
Gesetzgeber, die Einbindung von Anleiheglaubigern in Unternehmenssanierungen zu …

ABSTRACT The Pecking Order Theory, first introduced by Donaldson in 1961, states that
companies prefer to raise funds, in the order of priority, through internal sources, debt and …

Asia's economic transformation in the past few decades and its re-emergence as an engine
of global growth is now well established. But equally significant is that Asian economies …