Publications
Detailed Information
Developing Bond Markets for Sustainable Growth of East Asia
Cited 0 time in
Web of Science
Cited 0 time in Scopus
- Authors
- Issue Date
- 2007-01
- Citation
- Seoul Journal of Economics, Vol.20 No.1, pp. 3-22
- Keywords
- Corporate bond markets ; Chicken or egg problem ; Interaction of externalities ; Dynamic externality ; Static network externality
- 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.
- ISSN
- 1225-0279
- Language
- English
- Files in This Item:
Item View & Download Count
Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.