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Market Development Determinants for Corporate Bonds in National Currencies: Emerging Markets Review
Journal of East-West Business. 2018. Vol. 24. No. 1. P. 50-80.
Our paper offers analysis of tendencies and determinants of development of local currency corporate bond markets in the period from 2006 to 2015. We consider a wide range of macroeconomic and institutional factors for 15 bond markets. The sample consists of 600 country-quarter observations. Multifactor linear regression models and the generalized method of moments are applied for the balanced panel data. Our analyses reveals that inflation and its stability, exchange rate, and market capitalization have a significant influence on the share of local currency bonds. Financial and macroeconomic instability stimulates the growth of local currency bond markets.
Teplova T., Sokolova T., Teplov A., Журнал институциональных исследований 2017 Т. 9 № 2 С. 97-118
We analyze institutional determinants of the development of local currency (LCY) corporate bond markets in the period from 2010 to 2016 for a cross-country sample. We consider a wide range of indicators of the quality of institutional environment, including the Heritage Foundation's Index of Economic Freedom, the World Bank’s indicators of the development of political ...
Added: August 25, 2017
Panova V., Хайнал П. И., Вестник международных организаций: образование, наука, новая экономика 2009 № 2 С. 48-59
This paper focuses on the period beginning with 1998, with only a brief reference to early reform initiatives of the G8. It will examine and comment on reform proposals as well as reforms actually achieved or underway. It will pay particular attention to the reform dimension of the evolving G5, Heiligendamm Process, BRIC (Brazil, Russia, ...
Added: April 7, 2013
Zaytsev Y. K., Абалкина А. А., Абрамова А. В. et al., М. : МГИМО-Университет, 2013
Иностранная помощь развивающимся странам стала объектом пристального внимания мировой общественности в последние годы. Её рост сопровождается целым рядом метаморфоз, включая нарастающее участие в ней частных агентов в роли доноров, превращение неправительственных организаций в каналы передачи бюджетных государственных ресурсов из развитых в развивающиеся страны, возникновение государственно-частных альянсов и партнёрств с целью финансирования целевых программ, направленных на ...
Added: February 19, 2013
Спорышева Н. А., Вестник международных организаций: образование, наука, новая экономика 2010 № 4 С. 91-94
The essay focuses in the issue of sustainable healthcare systems development, in the poorest countries particular, and the taken measures to tackle it in three main areas: maternity care, children's mortality reduction and struggle against HIV/AIDS and other dangerous diseases. The author highly estimates the impact of intellectual property rights on the possibilities for providing ...
Added: October 27, 2012
Teplova T., Sokolova T., Galenskaya K. et al., Communist and Post-Communist Studies 2019
We analyze the role of ownership structure, segments of debt market and institutional environment for perception of financial constraints by top-management. The unique feature is the panel for 28 countries of the former communist block from 2002 to 2013 on the base of BEEPS survey data. We apply probit and Heckman models and investigate
non-linear and ...
Added: December 14, 2018
Yerpyleva N., Вестник федерального бюджетного учреждения "Государственная регистрационная палата при Министерстве юстиции Российской Федерации" 2010 № 3 С. 4-15
The institute of investment operations guarantees is designed to ensure, through legal measures, a relative stability of reproduction and freedom of capital movement in the world economic system amid the backdrop of social, economic and political crisis. The notion of investment guarantee stands for the investment insurance mechanism both on the state and the state-by-state ...
Added: November 5, 2012
Kazun A. D., Kazun A., Вопросы экономики 2016 № 7 С. 106-122
This article discusses the factors that affect the chances of a favorable resolution of claims to the WTO dispute settlement. On the basis of 488 complaints received by the WTO since the establishment of the organization by 2014, we demonstrated that the developing countries have a smaller probability of successful resolution in the dispute than ...
Added: July 19, 2016
Telezhkina M., Вестник Санкт-Петербургского университета. Серия 5. Экономика 2022 Т. 38 № 1 С. 65-84
The paper considers changes in the structure of employment by skill level in countries. Differences in dynamics of the shares of employed with high, medium and low skill levels is traditionally explained by differences in exposure to routine biased technologies, participation in international trade, exposure to offshoring in the country. The current paper contributes to ...
Added: March 16, 2022
Карась А., Pyle W., Schoors K., / НИУ ВШЭ. Series WP1 "Институциональные проблемы российской экономики". 2012. No. 03.
The empirical literature assessing the connection between land rights, access to finance and investment activity has focused largely on actors that, for multiple reasons, might face difficulties accessing credit. Communities of small-scale farmers or poor urban households in developing countries, that is, may not be the best place to look for evidence as to whether ...
Added: December 15, 2012
Yasin E., Снеговая М. В., М. : Издательский дом ГУ-ВШЭ, 2009
Доклад Евгения Ясина и Марии Снеговой посвящен анализу препятствий модернизации и переходу на инновационную фазу развития, с которыми сегодня сталкиваются развивающиеся страны. Он суммирует 2-летний опыт работы авторов над этой проблематикой. Доклад чрезвычайно актуален для нашей страны, перед которой сегодня, в кризисный период, остро как никогда стоят задачи модернизации. ...
Added: January 11, 2013
Ponomareva O., Российский внешнеэкономический вестник 2014 № 9 С. 101-119
Growing intensity of foreign trade liberalization during last decades, mainly evident in tariff reductions and increased access to domestic service sectors, provokes application of new protectionist trade policy methods, like restrictions on foreign participation in government procurement. Such measures become of vital importance in case of developing countries after their accession to the WTO. The ...
Added: October 3, 2016
Сценарии развития мировой электроэнергетики до 2030 г.: основные тенденции, риски и неопределенности
Sinitsyn M., Проблемы экономики и управления нефтегазовым комплексом 2022 № 2 С. 58-64
Scenario analysis of world electricity in the long-term perspective within the general context of global economic growth allowed to make the following main conclusions. First, developed and developing countries, especially the exporters of manufacturing products, demonstrate principally different approaches to electricity sector development. While developed countries, first of all European ones, consider decarbonization of electricity ...
Added: June 21, 2022
Markovskaya E., Аношкина Е. С., Научно-технические ведомости Санкт-Петербургского государственного политехнического университета. Экономические науки 2016 Т. 6 № 256 С. 21-31
We have analyzed the differences in the influence of foreign direct investments on the economic growth of developed and developing countries. We used panel data, namely, the observations for 10 countries during 1983—2013, to construct a model of the dependence of GDP on foreign direct investments for the developed countries. For the model of the ...
Added: December 30, 2016
Резникова О. Б., Гахокидзе И. З., Sinitsyn M., Контуры глобальных трансформаций: политика, экономика, право 2022 № 2 С. 33-48
Scenario analysis of world electricity in the long-term perspective within the general context of global economic growth allowed the authors to conclude that perspective dynamics of electricity in the world leading production and consumption centers will be decisively infl uenced by complex and heterogeneous factors, including: fi rst, primary energy resources endowment; second, level and ...
Added: June 23, 2023
Stepanova A. N., Балкина Е. А., Корпоративные финансы 2013 № 3 (27) С. 5-22
This article presents the results of our recent study of the relationship between the corporate financial architecture and strategic performance of Russian companies measured by Tobin's Q coefficient. We determine a stage of the company’s life cycle by comparing the revenue growth rates for two consecutive periods and the industry average growth rates for those periods. The ...
Added: October 25, 2013
Gaskstatter S., Maxim Kotzemir, Meissner D., Foresight 2014 Vol. 16 No. 4 P. 293-308
The paper undertakes an analysis of the attempts of GCC and BRIC countries to catch up in their national development to build an innovation-driven economy on which to base future growth and wealth. We conducted an analysis of GCC and BRIC countries to show the different strategies leaders have taken to try and achieve this ...
Added: October 24, 2013
Denis Melnik, Lazzarini Andrés, Investigación Económica 2013 Vol. 72 No. 283 (enero-marzo) P. 5-30
This article surveys the views on economic development sustained by two protagonists of developmental policy in the U.S.S.R. and Latin America: the Russian economist Evgeny Preobrazhensky (1886 – 1937) and the Argentine economist Raúl Prebisch (1901 – 1986). Although both thinkers started from different analytical premises, and elaborated their theories in diverse social and political ...
Added: October 19, 2013
Teplova T., Sokolova T., М. : ИНФРА-М, 2018
В настоящее время среди развивающихся стран усиливается конкуренция за привлечение долгового и акционерного капитала на мировом и региональных рынках. Амбициозные задачи по созданию региональных, а в перспективе и мировых финансовых центров ставят Польша, Турция, Казахстан. Высокими темпами развиваются облигационные рынки стран Юго-Восточной Азии. В условиях действия антироссийских санкций в 2014–2018 гг. российский рынок корпоративных облигаций ...
Added: December 14, 2018
Markovskaya E., Anoshkina E., / SSRN. Series Social Science Research Network "Social Science Research Network". 2016.
Authors analyze the differences between the influence of the foreign direct investments on the economic growth in the developed and developing countries. For the model of the GDP on the foreign direct investments for the developed countries the following data are used: observations for the 10 countries during 1983-2013. For the model of the GDP ...
Added: December 26, 2016
Morozkina A., Sabelnikova E., International Organisations Research Journal 2017 Vol. 12 No. 1 P. 24-42
This article examines the role of multilateral development banks (MDBs) in financing education development at the national level. It evaluates the share of national expenditures spent on education, analyzes loan structures by stage of education, and highlights key measures and instruments. In the context of the global economic slowdown, expected to continue for the long ...
Added: June 14, 2017
Safonov G., Галенович А., Федоров Ю. Н., Энергия: экономика, техника, экология 2012 № 5 С. 37-39
The article discusses the potential role of Russia in global carbon markets, prospects and opportunities for national businesses in greenhouse gas emission reduction ...
Added: July 20, 2016
Ивлиев С. В., Penikas H. I., Экономика и управление: проблемы, решения 2016 Т. 2 № 8 С. 247-252
Под эгидой Гильдии финансовых аналитиков и риск-менеджеров и Русского общества управления рисками разработан новый профессиональный стандарт «Специалист по управлению финансовыми рисками», который предназначен для оценки квалификации риск-менеджеров. В статье описываются предпосылки создания и краткое содержание стандарта с целью его популяризации. ...
Added: September 5, 2016
Pilnik N., Pospelov I. G., Radionov S., Вестник АКСОР 2017 Т. 43 № 3-4 С. 71-78
In this article we consider the issues of preparing statistical data for using in applied macroeconomic models, based on balance equalities. We propose a description of every macroeconomic agent, which consists of four balances of different kind. The described construction is filled with statistical data, which describes the condition of main sectors of Russian economy, ...
Added: November 26, 2017
Smirnov S. V., Balashova E., Posvianskaia L., Problems of Economic Transition 2010 Vol. 53 No. 3 P. 69-95
The article considers different approaches, all based on detailed statistical data, to determine which industries and commodities have high, medium, or low sensitivity to exchange rate fluctuations. The authors conclude that any exchange rate policy is an inappropriate tool to influence the structure of Russian economy. ...
Added: April 12, 2013