Bond Markets in Africa is popular PDF and ePub book, written by Mr.Yibin Mu in 2013-01-14, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Bond Markets in Africa can be Read Online from any device for your convenience.
Bond Markets in Africa Book PDF Summary
African bond markets have been steadily growing in recent years, but nonetheless remain undeveloped. African countries would benefit from greater access to financing and deeper financial markets. This paper compiles a unique set of data on corporate bond markets in Africa. It then applies an econometric model to analyze the key determinants of African government securities market and corporate bond market capitalization. Government securities market capitalization is directly related to better institutions and interest rate volatility, and inversely related to the fiscal balance, higher interest rate spreads, exchange rate volatility, and current and capital account openness. Corporate bond market capitalization is directly linked to economic size, the level of development of the economy and financial markets, better institutions, and interest rate volatility, and inversely related to higher interest rate spreads and current account openness. Policy implications follow.
Detail Book of Bond Markets in Africa PDF
- Author : Mr.Yibin Mu
- Release : 14 January 2013
- Publisher : International Monetary Fund
- ISBN : 9781475535846
- Genre : Business & Economics
- Total Page : 53 pages
- Language : English
- PDF File Size : 17,7 Mb
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