 | What Slice of the Pie? The Corporate Bond Market Boom in Emerging Economies Author/Editor: Diana Ayala Pena, Milan Nedeljkovic, Christian Saborowski. Release Date:July, 2015 This paper studies the determinants of shifts in debt composition among EM non-financial corporates. We show that institutions and macro fundamentals create an enabling environment for bond market more...
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 | Rethinking Financial Deepening : Stability and Growth in Emerging Markets Author/Editor: Ratna Sahay, Martin Cihak, Papa M N'Diaye, Adolfo Barajas, Diana B Ayala Pena, Ran Bi, Yuan Gao, Annette J Kyobe, Lam Nguyen, Christian Saborowski, Katsiaryna Svirydzenka, Seyed Reza Yousefi. Release Date:May, 2015 The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging more...
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