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181   $ctxt
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183   $acr
200 10$aWhat determines bond market development in Sub-Saharan Africa?$b[electronic resource] /$fO. Janet Adelegan and Bozena Radzewicz-Bak
210   $a[Washington, D.C.] $cInternational Monetary Fund, MCM$d2009
215   $a1 online resource (57 p.)
225 1 $aIMF working paper ;$vWP/09/213
300   $a"September 2009".
311   $a1-4519-1782-1 
327   $aCover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Debt Markets in sub-Saharan Africa: An Overview; 1. Domestic and External Debts to GDP; 1. Domestic and External Debt (1980-08); 2. Average Domestic Debt, 1990-08; 3. Cross-Country Comparison of Financial Systems; III. Macroeconomic and Financial Issues in the Development of Debt Markets in sub-Saharan Africa; 4. Financial Sector Depth and Domestic Depth, 2008; 2. Financial Sector Depth and Domestic Debt, 2008; 3. Ratio of M2 to GDP and Domestic Bonds as a Share of GDP
327   $a4. Stock Market Capitalization and Domestic Bonds as a Share of GDP5. Private Savings and Domestic Debt as a Share of GDP; IV. The Role of Institutional Investors in Bond Market Development; 5. Assets of Nonbank Institutional Investors; V. Is Government Debt Market Crowding Out the Corporated Debt Market?; 6. Overall Savings and Investment Balances in sub-Saharan Africa, 1991-08; VI. What Drives Bond Market Development in sub-Saharan Africa?; A. Methodology; B. Empirical Analysis; VII. Conclusions, Recommendations, and Policy Implications; I. Statistical Data
327   $a7. Overall Savings and Investment Balances, 19918. Current Account Balances, 1991-08; 9. Regression Results; 10. Correlation of Explanatory Variables; 11. Multivariate Analysis; 12. Sensitivity Analysis; References; Footnotes
330   $aThis study empirically analyzes the determinants of bond market development in a cross section of 23 sub-Saharan African (SSA) countries between 1990 and 2008. It considers the stage of development and the size of the bond market, as well as the historical, structural, institutional and macroeconomic factors driving bond market development in SSA. The study finds that the savings constraint is a key impediment to domestic bond markets development as well as financial market deepening, as it results in a low level of financial intermediation by the banks. Overall, the results show that a conflu
410  0$aIMF working paper ;$vWP/09/213.
606   $aBond market$zAfrica, Sub-Saharan$xEconometric models
606   $aCapital market$zAfrica, Sub-Saharan$xEconometric models
606   $aEconomic development$zAfrica, Sub-Saharan$xEconometric models
608   $aElectronic books.
615  0$aBond market$xEconometric models.
615  0$aCapital market$xEconometric models.
615  0$aEconomic development$xEconometric models.
676   $a332.67
676   $a332.673096
700   $aAdelegan$b Olatundun Janet$0905656
701   $aRadzewicz-Bak$b Bozena$0905657
712 02$aInternational Monetary Fund.$bMonetary and Capital Markets Dept.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910463714903321
996   $aWhat determines bond market development in Sub-Saharan Africa$92025792
997   $aUNINA