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In Search of a Better World: Financial Markets and Developing Countries

Sebastián Nieto-Parra () and Javier Santiso ()

No 37, OECD Development Centre Policy Insights from OECD Publishing

Abstract: Bond financing has replaced bank loans and other sources of capital flows as a major source of funding for emerging markets. This shift has been particularly impressive in Latin America. Disentangling the dynamics of emerging bond markets and the information flow about them has attracted the attention of the OECD. Are decisions about bond market investments based on good and neutral information, or is something else driving investors’ choices?

Date: 2007-02-01
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