In Search of a Better World [E-Book]: Financial Markets and Developing Countries / Sebastián Nieto Parra and Javier Santiso
Nieto Parra, Sebastián.
Santiso, Javier.
Paris : OECD Publishing, 2007
2 p. ; 21 x 29.7cm.
OECD Development Centre Policy Insights ; 37
Full Text
Bond financing has replaced bank loans and other sources of capital flows as a major source of funding for emerging markets. This shift has been particularly impressive in Latin America. Disentangling the dynamics of emerging bond markets and the information flow about them has attracted the attention of the OECD. Are decisions about bond market investments based on good and neutral information, or is something else driving investors’ choices?