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Recent developments on money and finance: an introduction

✍ Scribed by Gabriele Camera

Publisher: Springer
Year: 2004
Tongue: English
Weight: 53 KB
Volume: 24
Category: Article
ISSN: 0938-2259
DOI: 10.1007/s00199-004-0504-6

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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