The role of the euro on the corporate bond markets in the Euro Area

Gabe de Bondt

Journal of Financial Transformation, 2007, vol. 19, 14-19

Abstract: The euro has played an important catalysing role for the deepening and broadening of the corporate bond markets in the euro area. The most remarkable market growth has been recorded for bonds issued by euro area non-bank financials, reflecting increasing securitisations. The euro has had a direct impact on it according to empirical estimates. The euro also has indirectly affected the euro area corporate bond market growth through a boost to mergers and acquisitions and most likely through lower financing costs and higher economic growth. As regards the broadening of the euro area corporate bond market, the most remarkable development since 1999 has been the growing issuance of lower rated corporate bonds. The economic importance of the different issuer segments of the corporate bond market differs, however, still considerably across euro area countries.

Keywords: corporate bond market; euro (search for similar items in EconPapers)
JEL-codes: E44 F36 G21 G32 (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:jofitr:0844

Access Statistics for this article

Journal of Financial Transformation is currently edited by Prof. Shahin Shojai

More articles in Journal of Financial Transformation from Capco Institute 77 Water Street, 10th Floor, New York NY 10005.
Bibliographic data for series maintained by Prof. Shahin Shojai ( this e-mail address is bad, please contact ).