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Financial flows and the developing countries 1 (1) (Английский)

International capital market activity slowed in the second quarter of 1993. Bond issues were well down on the record high of the first quarter. Lending revived, thanks more to special factors, than to any improvement in underlying fundamentals. Equity issues in developed stock markets soared. In the third quarter of 1993, developing-country borrowers were active in the bond markets. The trend of larger issues, lower spreads, and longer maturities...
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