id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
eistud-18147	Tocelovska, Natalja	WAITING FOR THE CAPITAL MARKET UNION: THE POSITION OF LATVIAN CORPORATE BOND MARKET	2017	10	.pdf	application/pdf	6159	291	50	In the result, the groups and sub-indi- cators are: 1) size: ratio of private sector bonds to GDP, ratio of public sector bonds to GDP, ratio of international bonds to GDP, dummy variable: existence of bond market and dummy variable: existence of corporate bond market; 2) access: government bond yield (3 months and 10 years), ratio of domestic to total debt securities, ratio of private to total debt securities (domestic), ratio of new corporate bond issues to GDP and new corporate bond issues ($ billion); 3) efficiency: quoted bid-ask spreads (10-yr government bond yield), quote size, number of the counterparties providing bid/ask quote; 4) stability: volatility of sovereign bond index, skewness of sovereign bond index, ratio of short-term to total bonds (domestic), ratio of short-term bond to total bonds (international), correlation with German bond returns and correlation with US bond returns. KEYWORDS: corporate bond market, capital market union, bank-based economy, Latvia, development.	cache/eistud-18147.pdf	txt/eistud-18147.txt