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Essai sur les déterminants empiriques de développement des marchés obligataires

Author

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  • Jamel Boukhatem

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

Abstract

Dans cet article, nous tenterons, validations économétriques à l'appui, de démontrer que le développement des marchés obligataires est un phénomène pluridimensionnel, et ce, en s'inspirant de la méthodologie adoptée respectivement par Eichengreen et Luengnaruemitchai (2004), Luengnaruemitchai et Ong (2005), Borensztein et al. (2006) et Eichengreen et al. (2006) qui s'interrogent sur les causes du sous développement des marchés obligataires dans les pays d'Asie émergente et d'Amérique Latine. L'apport de notre travail est triple. D'abord, nous ne nous limiterons pas aux pays émergents d'Asie et d'Amérique Latine, nous considérons des pays de l'Afrique et du Moyen-Orient selon la disponibilité des données. Ensuite, nous introduirons d'autres facteurs permettant de mieux saisir la dynamique de développement des marchés obligataires. Enfin, nous présenterons une version dynamique des déterminants de développement des marchés obligataires.

Suggested Citation

  • Jamel Boukhatem, 2009. "Essai sur les déterminants empiriques de développement des marchés obligataires," Working Papers hal-04140858, HAL.
    • Handle: RePEc:hal:wpaper:hal-04140858
    Note: View the original document on HAL open archive server: https://hal.science/hal-04140858
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    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • I20 - Health, Education, and Welfare - - Education - - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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