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The Boom in Corporate Borrowing after the Global Financial Crisis : Different Tales from East Asia and Latin America (Английский)

Firms from emerging economies increased their bond financing significantly after the 2008-09 global financial crisis. The patterns of corporate borrowing in East Asia and Latin America offer very different lessons. In East Asia, the main component behind the overall growth in bond financing was an expansion in domestic bond issuances, in domestic currency, by more and smaller firms. This expansion seems to be explained by a higher supply of funds...
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