๐”– Bobbio Scriptorium
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Recent developments on money and finance: an introduction

โœ Scribed by Gabriele Camera


Publisher
Springer
Year
2004
Tongue
English
Weight
53 KB
Volume
24
Category
Article
ISSN
0938-2259

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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