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

โœ Scribed by Melvin, Michael


Book ID
118230244
Publisher
Elsevier
Year
2013
Weight
454 KB
Category
Article
ISBN
0123852471

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๐Ÿ“œ SIMILAR VOLUMES


Money and finance on the periphery of th
โœ Ronald I. McKinnon ๐Ÿ“‚ Article ๐Ÿ“… 2002 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 111 KB

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