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International Money and Finance || Determinants of the Balance of Trade

✍ Scribed by Melvin, Michael

Book ID: 118230244
Publisher: Elsevier
Year: 2013
Weight: 454 KB
Category: Article
ISBN: 0123852471
DOI: 10.1016/b978-0-12-385247-2.00012-3

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In most developing countries, neither corporate nor government bonds are traded on open markets. Indeed, corporate bonds simply do not exist in many developing countries. Typically, the commercial banks are captive buyers of low yielding domestic government bonds by virtue of liquidity ratio require