This year's capital markets report provides a comprehensive survey of recent developments and trends in the advanced and emerging capital markets, focusing on financial market behavior during the Asian crisis, policy lessons for dealing with volatility in capital flows, banking sector developments in the advanced and emerging markets, initiatives in banking system supervision and regulation, and the financial infrastructure for managing systemic risk in EMU.As noted in Box 2.9, the carry trade took a number of forms, and gradually worked its way down the credit spectrum. ... finance companies, gradually becoming more and more aggressive, moving into the corporate sector and then down the corporate credit spectrum. ... This is evident from the international investment housesa#39; own published research reports and accorded with the views of the major ratinganbsp;...
|Title||:||International Capital Markets, 1998|
|Author||:||Charles F. Adams|
|Publisher||:||International Monetary Fund - 1998-10-01|