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Developing Bond Markets for Sustainable Growth of East Asia

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dc.contributor.authorKang, KyeongHoon-
dc.date.accessioned2009-01-30T05:26:15Z-
dc.date.available2009-01-30T05:26:15Z-
dc.date.issued2007-01-
dc.identifier.citationSeoul Journal of Economics, Vol.20 No.1, pp. 3-22-
dc.identifier.issn1225-0279-
dc.identifier.urihttps://hdl.handle.net/10371/1373-
dc.description.abstractThough 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.
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dc.language.isoen-
dc.publisherInstitute of Economic Research, Seoul National University-
dc.subjectCorporate bond markets-
dc.subjectChicken or egg problem-
dc.subjectInteraction of externalities-
dc.subjectDynamic externality-
dc.subjectStatic network externality-
dc.titleDeveloping Bond Markets for Sustainable Growth of East Asia-
dc.typeSNU Journal-
dc.contributor.AlternativeAuthor강경훈-
dc.citation.journaltitleSeoul Journal of Economics-
dc.citation.endpage22-
dc.citation.number1-
dc.citation.pages3-22-
dc.citation.startpage3-
dc.citation.volume20-
Appears in Collections:
College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.20(1) (Spring 2007)
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