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Essai sur les déterminants empiriques de développement des marchés obligataires

Listed author(s):
  • Jamel Boukhatem
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    Based on the methodology adopted by Eichengreen and Luengnaruemitchai (2004), Luengnaruemitchai and Ong (2005), Borensztein and al. (2006), and Eichengreen and al. (2006), this study analyse the development of local bond markets. We show that the development of bond markets is a phenomenon with multiple dimensions. The contribution of our study is threefold. First, we do not limit our analysis to Asian and Latin-American emerging countries, we consider although countries from the Middle East and Africa according to data availability. Then we introduce other factors to better understand the development of bond markets. Finally, we present a dynamic version of the determinants of bond market development.

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    File URL: http://economix.fr/pdf/dt/2009/WP_EcoX_2009-32.pdf
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    Paper provided by University of Paris Nanterre, EconomiX in its series EconomiX Working Papers with number 2009-32.

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    Length: 34 pages
    Date of creation: 2009
    Handle: RePEc:drm:wpaper:2009-32
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