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Developing Bond Markets for Sustainable Growth of East Asia
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kang, KyeongHoon | - |
dc.date.accessioned | 2009-01-30T05:26:15Z | - |
dc.date.available | 2009-01-30T05:26:15Z | - |
dc.date.issued | 2007-01 | - |
dc.identifier.citation | Seoul Journal of Economics, Vol.20 No.1, pp. 3-22 | - |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | https://hdl.handle.net/10371/1373 | - |
dc.description.abstract | Though corporate bond markets can play important roles for
East Asia's sustainable growth, it is very difficult to build a well-functioning corporate bond market. One of the reasons for the difficulty is that the hurdles to be overcome are closely related each other, resulting in a chicken or egg problem. This paper shows that the chicken or egg problem may come from externalities in corporate bond markets and analyzes the interaction of the externalities: dynamic externality and static network externality. Some policy implications are drawn from the results. | - |
dc.language.iso | en | - |
dc.publisher | Institute of Economic Research, Seoul National University | - |
dc.subject | Corporate bond markets | - |
dc.subject | Chicken or egg problem | - |
dc.subject | Interaction of externalities | - |
dc.subject | Dynamic externality | - |
dc.subject | Static network externality | - |
dc.title | Developing Bond Markets for Sustainable Growth of East Asia | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 강경훈 | - |
dc.citation.journaltitle | Seoul Journal of Economics | - |
dc.citation.endpage | 22 | - |
dc.citation.number | 1 | - |
dc.citation.pages | 3-22 | - |
dc.citation.startpage | 3 | - |
dc.citation.volume | 20 | - |
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