id	sid	tid	token	lemma	pos
eistud-18147	1	1	european	european	ADJ
eistud-18147	1	2	integrat	integrat	NOUN
eistud-18147	1	3	ion	ion	NOUN
eistud-18147	1	4	studies	study	NOUN
eistud-18147	1	5	2017/11	2017/11	NUM
eistud-18147	1	6	110	110	NUM
eistud-18147	1	7	waiting	wait	VERB
eistud-18147	1	8	for	for	ADP
eistud-18147	1	9	the	the	DET
eistud-18147	1	10	capital	capital	NOUN
eistud-18147	1	11	market	market	NOUN
eistud-18147	1	12	union	union	NOUN
eistud-18147	1	13	:	:	PUNCT
eistud-18147	1	14	the	the	DET
eistud-18147	1	15	position	position	NOUN
eistud-18147	1	16	of	of	ADP
eistud-18147	1	17	latvian	latvian	ADJ
eistud-18147	1	18	corporate	corporate	ADJ
eistud-18147	1	19	bond	bond	NOUN
eistud-18147	1	20	market	market	NOUN
eistud-18147	1	21	http://dx.doi.org/10.5755/j01.eis.0.11.18147	http://dx.doi.org/10.5755/j01.eis.0.11.18147	NOUN
eistud-18147	1	22	natalja	natalja	PROPN
eistud-18147	1	23	tocelovska	tocelovska	PROPN
eistud-18147	1	24	university	university	PROPN
eistud-18147	1	25	of	of	ADP
eistud-18147	1	26	latvia	latvia	PROPN
eistud-18147	1	27	,	,	PUNCT
eistud-18147	1	28	aspazijas	aspazijas	PROPN
eistud-18147	1	29	bulvaris	bulvaris	PROPN
eistud-18147	1	30	5	5	NUM
eistud-18147	1	31	,	,	PUNCT
eistud-18147	1	32	riga	riga	ADJ
eistud-18147	1	33	,	,	PUNCT
eistud-18147	1	34	latvia	latvia	PROPN
eistud-18147	1	35	,	,	PUNCT
eistud-18147	1	36	email	email	NOUN
eistud-18147	1	37	:	:	PUNCT
eistud-18147	1	38	natalja.tocelovska@sseriga.edu	natalja.tocelovska@sseriga.edu	X
eistud-18147	1	39	submitted	submit	VERB
eistud-18147	1	40	04/2017	04/2017	NUM
eistud-18147	1	41	accepted	accept	VERB
eistud-18147	1	42	for	for	ADP
eistud-18147	1	43	publication	publication	NOUN
eistud-18147	1	44	08/2017	08/2017	NOUN
eistud-18147	1	45	waiting	wait	VERB
eistud-18147	1	46	for	for	ADP
eistud-18147	1	47	the	the	DET
eistud-18147	1	48	capital	capital	NOUN
eistud-18147	1	49	market	market	NOUN
eistud-18147	1	50	union	union	NOUN
eistud-18147	1	51	:	:	PUNCT
eistud-18147	1	52	the	the	DET
eistud-18147	1	53	position	position	NOUN
eistud-18147	1	54	of	of	ADP
eistud-18147	1	55	latvian	latvian	ADJ
eistud-18147	1	56	corporate	corporate	ADJ
eistud-18147	1	57	bond	bond	NOUN
eistud-18147	1	58	market	market	NOUN
eistud-18147	1	59	eis	eis	PROPN
eistud-18147	1	60	11/2017	11/2017	NUM
eistud-18147	1	61	abstract	abstract	ADJ
eistud-18147	1	62	european	european	ADJ
eistud-18147	1	63	integration	integration	NOUN
eistud-18147	1	64	studies	study	NOUN
eistud-18147	1	65	no	no	INTJ
eistud-18147	1	66	.	.	NOUN
eistud-18147	1	67	11	11	NUM
eistud-18147	1	68	/	/	SYM
eistud-18147	1	69	2017	2017	NUM
eistud-18147	1	70	pp	pp	NOUN
eistud-18147	1	71	.	.	PUNCT
eistud-18147	2	1	110	110	NUM
eistud-18147	2	2	-	-	SYM
eistud-18147	2	3	119	119	NUM
eistud-18147	2	4	doi	doi	NOUN
eistud-18147	2	5	10.5755	10.5755	NUM
eistud-18147	2	6	/	/	SYM
eistud-18147	2	7	j01.eis.0.11.18147	j01.eis.0.11.18147	NOUN
eistud-18147	2	8	©	©	PROPN
eistud-18147	2	9	kaunas	kaunas	PROPN
eistud-18147	2	10	university	university	PROPN
eistud-18147	2	11	of	of	ADP
eistud-18147	2	12	technology	technology	PROPN
eistud-18147	2	13	baltic	baltic	PROPN
eistud-18147	2	14	region	region	NOUN
eistud-18147	2	15	is	be	AUX
eistud-18147	2	16	traditionally	traditionally	ADV
eistud-18147	2	17	treated	treat	VERB
eistud-18147	2	18	as	as	ADP
eistud-18147	2	19	similar	similar	ADJ
eistud-18147	2	20	and	and	CCONJ
eistud-18147	2	21	comparable	comparable	ADJ
eistud-18147	2	22	when	when	SCONJ
eistud-18147	2	23	analysed	analyse	VERB
eistud-18147	2	24	on	on	ADP
eistud-18147	2	25	the	the	DET
eistud-18147	2	26	macroeconomic	macroeconomic	ADJ
eistud-18147	2	27	level	level	NOUN
eistud-18147	2	28	.	.	PUNCT
eistud-18147	3	1	the	the	DET
eistud-18147	3	2	major	major	ADJ
eistud-18147	3	3	difference	difference	NOUN
eistud-18147	3	4	is	be	AUX
eistud-18147	3	5	faced	face	VERB
eistud-18147	3	6	when	when	SCONJ
eistud-18147	3	7	the	the	DET
eistud-18147	3	8	analysis	analysis	NOUN
eistud-18147	3	9	is	be	AUX
eistud-18147	3	10	performed	perform	VERB
eistud-18147	3	11	for	for	ADP
eistud-18147	3	12	the	the	DET
eistud-18147	3	13	corporate	corporate	ADJ
eistud-18147	3	14	bond	bond	NOUN
eistud-18147	3	15	market	market	NOUN
eistud-18147	3	16	–	–	PUNCT
eistud-18147	3	17	the	the	DET
eistud-18147	3	18	weight	weight	NOUN
eistud-18147	3	19	of	of	ADP
eistud-18147	3	20	latvian	latvian	NOUN
eistud-18147	3	21	publically	publically	ADV
eistud-18147	3	22	traded	trade	VERB
eistud-18147	3	23	corporate	corporate	ADJ
eistud-18147	3	24	bonds	bond	NOUN
eistud-18147	3	25	among	among	ADP
eistud-18147	3	26	the	the	DET
eistud-18147	3	27	three	three	NUM
eistud-18147	3	28	countrieslatvia	countrieslatvia	NOUN
eistud-18147	3	29	,	,	PUNCT
eistud-18147	3	30	lithuania	lithuania	PROPN
eistud-18147	3	31	and	and	CCONJ
eistud-18147	3	32	estoniareached	estoniareache	VERB
eistud-18147	3	33	94	94	NUM
eistud-18147	3	34	%	%	NOUN
eistud-18147	3	35	by	by	ADP
eistud-18147	3	36	the	the	DET
eistud-18147	3	37	number	number	NOUN
eistud-18147	3	38	of	of	ADP
eistud-18147	3	39	issues	issue	NOUN
eistud-18147	3	40	quoted	quote	VERB
eistud-18147	3	41	.	.	PUNCT
eistud-18147	4	1	with	with	ADP
eistud-18147	4	2	47	47	NUM
eistud-18147	4	3	corporate	corporate	ADJ
eistud-18147	4	4	bonds	bond	NOUN
eistud-18147	4	5	listed	list	VERB
eistud-18147	4	6	in	in	ADP
eistud-18147	4	7	nasdaq	nasdaq	PROPN
eistud-18147	4	8	riga	riga	PROPN
eistud-18147	4	9	,	,	PUNCT
eistud-18147	4	10	latvian	latvian	ADJ
eistud-18147	4	11	corporate	corporate	ADJ
eistud-18147	4	12	bond	bond	NOUN
eistud-18147	4	13	market	market	NOUN
eistud-18147	4	14	demonstrated	demonstrate	VERB
eistud-18147	4	15	the	the	DET
eistud-18147	4	16	rapid	rapid	ADJ
eistud-18147	4	17	growth	growth	NOUN
eistud-18147	4	18	and	and	CCONJ
eistud-18147	4	19	recognition	recognition	NOUN
eistud-18147	4	20	of	of	ADP
eistud-18147	4	21	corporate	corporate	ADJ
eistud-18147	4	22	bonds	bond	NOUN
eistud-18147	4	23	as	as	ADP
eistud-18147	4	24	the	the	DET
eistud-18147	4	25	source	source	NOUN
eistud-18147	4	26	of	of	ADP
eistud-18147	4	27	alternative	alternative	NOUN
eistud-18147	4	28	to	to	ADP
eistud-18147	4	29	bank	bank	NOUN
eistud-18147	4	30	lending	lending	NOUN
eistud-18147	4	31	financing	financing	NOUN
eistud-18147	4	32	method	method	NOUN
eistud-18147	4	33	(	(	PUNCT
eistud-18147	4	34	nasdaq	nasdaq	PROPN
eistud-18147	4	35	baltic	baltic	PROPN
eistud-18147	4	36	,	,	PUNCT
eistud-18147	4	37	2017	2017	NUM
eistud-18147	4	38	)	)	PUNCT
eistud-18147	4	39	.	.	PUNCT
eistud-18147	5	1	there	there	PRON
eistud-18147	5	2	are	be	VERB
eistud-18147	5	3	no	no	DET
eistud-18147	5	4	obvious	obvious	ADJ
eistud-18147	5	5	macro	macro	NOUN
eistud-18147	5	6	or	or	CCONJ
eistud-18147	5	7	microeconomic	microeconomic	ADJ
eistud-18147	5	8	evidence	evidence	NOUN
eistud-18147	5	9	for	for	ADP
eistud-18147	5	10	latvia	latvia	PROPN
eistud-18147	5	11	meeting	meet	VERB
eistud-18147	5	12	more	more	ADV
eistud-18147	5	13	favourable	favourable	ADJ
eistud-18147	5	14	conditions	condition	NOUN
eistud-18147	5	15	for	for	ADP
eistud-18147	5	16	corporate	corporate	ADJ
eistud-18147	5	17	bond	bond	NOUN
eistud-18147	5	18	market	market	NOUN
eistud-18147	5	19	development	development	NOUN
eistud-18147	5	20	than	than	ADP
eistud-18147	5	21	lithuania	lithuania	PROPN
eistud-18147	5	22	and	and	CCONJ
eistud-18147	5	23	estonia	estonia	PROPN
eistud-18147	5	24	the	the	DET
eistud-18147	5	25	increasing	increase	VERB
eistud-18147	5	26	role	role	NOUN
eistud-18147	5	27	of	of	ADP
eistud-18147	5	28	the	the	DET
eistud-18147	5	29	capital	capital	NOUN
eistud-18147	5	30	market	market	NOUN
eistud-18147	5	31	as	as	ADP
eistud-18147	5	32	the	the	DET
eistud-18147	5	33	alternative	alternative	NOUN
eistud-18147	5	34	to	to	ADP
eistud-18147	5	35	the	the	DET
eistud-18147	5	36	traditional	traditional	ADJ
eistud-18147	5	37	to	to	ADP
eistud-18147	5	38	europe	europe	PROPN
eistud-18147	5	39	banking	banking	NOUN
eistud-18147	5	40	sector	sector	NOUN
eistud-18147	5	41	is	be	AUX
eistud-18147	5	42	strongly	strongly	ADV
eistud-18147	5	43	supported	support	VERB
eistud-18147	5	44	by	by	ADP
eistud-18147	5	45	the	the	DET
eistud-18147	5	46	european	european	PROPN
eistud-18147	5	47	commission	commission	PROPN
eistud-18147	5	48	(	(	PUNCT
eistud-18147	5	49	ec	ec	PROPN
eistud-18147	5	50	)	)	PUNCT
eistud-18147	5	51	.	.	PUNCT
eistud-18147	6	1	in	in	ADP
eistud-18147	6	2	2015	2015	NUM
eistud-18147	6	3	the	the	DET
eistud-18147	6	4	ec	ec	PROPN
eistud-18147	6	5	announced	announce	VERB
eistud-18147	6	6	the	the	DET
eistud-18147	6	7	capital	capital	NOUN
eistud-18147	6	8	market	market	NOUN
eistud-18147	6	9	union	union	NOUN
eistud-18147	6	10	(	(	PUNCT
eistud-18147	6	11	cmu	cmu	NOUN
eistud-18147	6	12	)	)	PUNCT
eistud-18147	6	13	initiative	initiative	NOUN
eistud-18147	6	14	and	and	CCONJ
eistud-18147	6	15	respective	respective	ADJ
eistud-18147	6	16	action	action	NOUN
eistud-18147	6	17	plan	plan	NOUN
eistud-18147	6	18	as	as	ADP
eistud-18147	6	19	the	the	DET
eistud-18147	6	20	reaction	reaction	NOUN
eistud-18147	6	21	to	to	ADP
eistud-18147	6	22	the	the	DET
eistud-18147	6	23	challenges	challenge	NOUN
eistud-18147	6	24	faced	face	VERB
eistud-18147	6	25	by	by	ADP
eistud-18147	6	26	both	both	DET
eistud-18147	6	27	banking	banking	NOUN
eistud-18147	6	28	sector	sector	NOUN
eistud-18147	6	29	and	and	CCONJ
eistud-18147	6	30	small	small	ADJ
eistud-18147	6	31	and	and	CCONJ
eistud-18147	6	32	medium	medium	ADJ
eistud-18147	6	33	enterprise	enterprise	NOUN
eistud-18147	6	34	(	(	PUNCT
eistud-18147	6	35	sme	sme	NOUN
eistud-18147	6	36	)	)	PUNCT
eistud-18147	6	37	segment	segment	NOUN
eistud-18147	6	38	in	in	ADP
eistud-18147	6	39	europe	europe	PROPN
eistud-18147	6	40	.	.	PUNCT
eistud-18147	7	1	as	as	SCONJ
eistud-18147	7	2	integrated	integrated	ADJ
eistud-18147	7	3	and	and	CCONJ
eistud-18147	7	4	more	more	ADV
eistud-18147	7	5	diverse	diverse	ADJ
eistud-18147	7	6	capital	capital	NOUN
eistud-18147	7	7	markets	market	NOUN
eistud-18147	7	8	will	will	AUX
eistud-18147	7	9	decrease	decrease	VERB
eistud-18147	7	10	the	the	DET
eistud-18147	7	11	cost	cost	NOUN
eistud-18147	7	12	of	of	ADP
eistud-18147	7	13	funding	funding	NOUN
eistud-18147	7	14	for	for	ADP
eistud-18147	7	15	companies	company	NOUN
eistud-18147	7	16	,	,	PUNCT
eistud-18147	7	17	the	the	DET
eistud-18147	7	18	objective	objective	NOUN
eistud-18147	7	19	of	of	ADP
eistud-18147	7	20	the	the	DET
eistud-18147	7	21	cmu	cmu	PROPN
eistud-18147	7	22	is	be	AUX
eistud-18147	7	23	to	to	PART
eistud-18147	7	24	make	make	VERB
eistud-18147	7	25	the	the	DET
eistud-18147	7	26	financial	financial	ADJ
eistud-18147	7	27	system	system	NOUN
eistud-18147	7	28	more	more	ADV
eistud-18147	7	29	resilient	resilient	ADJ
eistud-18147	7	30	in	in	ADP
eistud-18147	7	31	all	all	DET
eistud-18147	7	32	28	28	NUM
eistud-18147	7	33	member	member	NOUN
eistud-18147	7	34	states	state	NOUN
eistud-18147	7	35	including	include	VERB
eistud-18147	7	36	latvia	latvia	PROPN
eistud-18147	7	37	,	,	PUNCT
eistud-18147	7	38	lithuania	lithuania	PROPN
eistud-18147	7	39	and	and	CCONJ
eistud-18147	7	40	estonia	estonia	PROPN
eistud-18147	7	41	(	(	PUNCT
eistud-18147	7	42	european	european	PROPN
eistud-18147	7	43	commission	commission	PROPN
eistud-18147	7	44	,	,	PUNCT
eistud-18147	7	45	2017	2017	NUM
eistud-18147	7	46	)	)	PUNCT
eistud-18147	7	47	.	.	PUNCT
eistud-18147	8	1	while	while	SCONJ
eistud-18147	8	2	several	several	ADJ
eistud-18147	8	3	steps	step	NOUN
eistud-18147	8	4	like	like	ADP
eistud-18147	8	5	proposal	proposal	NOUN
eistud-18147	8	6	to	to	PART
eistud-18147	8	7	modernise	modernise	VERB
eistud-18147	8	8	the	the	DET
eistud-18147	8	9	prospectus	prospectus	NOUN
eistud-18147	8	10	directive	directive	NOUN
eistud-18147	8	11	have	have	AUX
eistud-18147	8	12	been	be	AUX
eistud-18147	8	13	made	make	VERB
eistud-18147	8	14	,	,	PUNCT
eistud-18147	8	15	further	further	ADJ
eistud-18147	8	16	actions	action	NOUN
eistud-18147	8	17	based	base	VERB
eistud-18147	8	18	on	on	ADP
eistud-18147	8	19	the	the	DET
eistud-18147	8	20	review	review	NOUN
eistud-18147	8	21	of	of	ADP
eistud-18147	8	22	regulatory	regulatory	ADJ
eistud-18147	8	23	barriers	barrier	NOUN
eistud-18147	8	24	to	to	ADP
eistud-18147	8	25	sme	sme	NOUN
eistud-18147	8	26	admission	admission	NOUN
eistud-18147	8	27	on	on	ADP
eistud-18147	8	28	public	public	ADJ
eistud-18147	8	29	markets	market	NOUN
eistud-18147	8	30	and	and	CCONJ
eistud-18147	8	31	sme	sme	NOUN
eistud-18147	8	32	growth	growth	NOUN
eistud-18147	8	33	markets	market	NOUN
eistud-18147	8	34	and	and	CCONJ
eistud-18147	8	35	review	review	NOUN
eistud-18147	8	36	of	of	ADP
eistud-18147	8	37	european	european	PROPN
eistud-18147	8	38	union	union	PROPN
eistud-18147	8	39	corporate	corporate	ADJ
eistud-18147	8	40	bond	bond	NOUN
eistud-18147	8	41	markets	market	NOUN
eistud-18147	8	42	,	,	PUNCT
eistud-18147	8	43	focusing	focus	VERB
eistud-18147	8	44	on	on	ADP
eistud-18147	8	45	how	how	SCONJ
eistud-18147	8	46	market	market	NOUN
eistud-18147	8	47	liquidity	liquidity	NOUN
eistud-18147	8	48	can	can	AUX
eistud-18147	8	49	be	be	AUX
eistud-18147	8	50	improved	improve	VERB
eistud-18147	8	51	made	make	VERB
eistud-18147	8	52	in	in	ADP
eistud-18147	8	53	2017	2017	NUM
eistud-18147	8	54	will	will	AUX
eistud-18147	8	55	follow	follow	VERB
eistud-18147	8	56	(	(	PUNCT
eistud-18147	8	57	european	european	PROPN
eistud-18147	8	58	commission	commission	PROPN
eistud-18147	8	59	,	,	PUNCT
eistud-18147	8	60	2015	2015	NUM
eistud-18147	8	61	)	)	PUNCT
eistud-18147	8	62	.	.	PUNCT
eistud-18147	9	1	the	the	DET
eistud-18147	9	2	aim	aim	NOUN
eistud-18147	9	3	of	of	ADP
eistud-18147	9	4	this	this	DET
eistud-18147	9	5	article	article	NOUN
eistud-18147	9	6	is	be	AUX
eistud-18147	9	7	to	to	PART
eistud-18147	9	8	analyse	analyse	VERB
eistud-18147	9	9	the	the	DET
eistud-18147	9	10	level	level	NOUN
eistud-18147	9	11	of	of	ADP
eistud-18147	9	12	development	development	NOUN
eistud-18147	9	13	of	of	ADP
eistud-18147	9	14	the	the	DET
eistud-18147	9	15	biggest	big	ADJ
eistud-18147	9	16	baltic	baltic	ADJ
eistud-18147	9	17	corporate	corporate	ADJ
eistud-18147	9	18	bond	bond	NOUN
eistud-18147	9	19	marketlatvian	marketlatvian	ADJ
eistud-18147	9	20	corporate	corporate	ADJ
eistud-18147	9	21	bond	bond	NOUN
eistud-18147	9	22	segment	segment	NOUN
eistud-18147	9	23	and	and	CCONJ
eistud-18147	9	24	to	to	PART
eistud-18147	9	25	reveal	reveal	VERB
eistud-18147	9	26	the	the	DET
eistud-18147	9	27	areas	area	NOUN
eistud-18147	9	28	of	of	ADP
eistud-18147	9	29	potential	potential	ADJ
eistud-18147	9	30	focus	focus	NOUN
eistud-18147	9	31	of	of	ADP
eistud-18147	9	32	cmu	cmu	PROPN
eistud-18147	9	33	introduction	introduction	NOUN
eistud-18147	9	34	.	.	PUNCT
eistud-18147	10	1	the	the	DET
eistud-18147	10	2	paper	paper	NOUN
eistud-18147	10	3	applies	apply	VERB
eistud-18147	10	4	financial	financial	ADJ
eistud-18147	10	5	sector	sector	NOUN
eistud-18147	10	6	development	development	NOUN
eistud-18147	10	7	indicators	indicator	NOUN
eistud-18147	10	8	(	(	PUNCT
eistud-18147	10	9	fsdi	fsdi	NOUN
eistud-18147	10	10	)	)	PUNCT
eistud-18147	10	11	framework	framework	NOUN
eistud-18147	10	12	developed	develop	VERB
eistud-18147	10	13	by	by	ADP
eistud-18147	10	14	the	the	DET
eistud-18147	10	15	world	world	PROPN
eistud-18147	10	16	bank	bank	PROPN
eistud-18147	10	17	(	(	PUNCT
eistud-18147	10	18	world	world	PROPN
eistud-18147	10	19	bank	bank	PROPN
eistud-18147	10	20	,	,	PUNCT
eistud-18147	10	21	2004	2004	NUM
eistud-18147	10	22	)	)	PUNCT
eistud-18147	10	23	to	to	ADP
eistud-18147	10	24	the	the	DET
eistud-18147	10	25	country	country	NOUN
eistud-18147	10	26	cluster	cluster	NOUN
eistud-18147	10	27	as	as	SCONJ
eistud-18147	10	28	defined	define	VERB
eistud-18147	10	29	by	by	ADP
eistud-18147	10	30	bending	bend	VERB
eistud-18147	10	31	et	et	PRON
eistud-18147	10	32	al	al	PROPN
eistud-18147	10	33	(	(	PUNCT
eistud-18147	10	34	2014	2014	NUM
eistud-18147	10	35	)	)	PUNCT
eistud-18147	10	36	.	.	PUNCT
eistud-18147	11	1	the	the	DET
eistud-18147	11	2	paper	paper	NOUN
eistud-18147	11	3	relates	relate	VERB
eistud-18147	11	4	the	the	DET
eistud-18147	11	5	results	result	NOUN
eistud-18147	11	6	to	to	PART
eistud-18147	11	7	cmu	cmu	VERB
eistud-18147	11	8	action	action	NOUN
eistud-18147	11	9	plan	plan	NOUN
eistud-18147	11	10	developed	develop	VERB
eistud-18147	11	11	by	by	ADP
eistud-18147	11	12	the	the	DET
eistud-18147	11	13	european	european	PROPN
eistud-18147	11	14	commission	commission	PROPN
eistud-18147	11	15	.	.	PUNCT
eistud-18147	12	1	the	the	DET
eistud-18147	12	2	article	article	NOUN
eistud-18147	12	3	estimates	estimate	VERB
eistud-18147	12	4	that	that	SCONJ
eistud-18147	12	5	latvian	latvian	ADJ
eistud-18147	12	6	corporate	corporate	ADJ
eistud-18147	12	7	bond	bond	NOUN
eistud-18147	12	8	market	market	NOUN
eistud-18147	12	9	is	be	AUX
eistud-18147	12	10	highly	highly	ADV
eistud-18147	12	11	developed	develop	VERB
eistud-18147	12	12	compared	compare	VERB
eistud-18147	12	13	to	to	ADP
eistud-18147	12	14	the	the	DET
eistud-18147	12	15	peers	peer	NOUN
eistud-18147	12	16	selected	select	VERB
eistud-18147	12	17	where	where	SCONJ
eistud-18147	12	18	the	the	DET
eistud-18147	12	19	only	only	ADJ
eistud-18147	12	20	lagging	lag	VERB
eistud-18147	12	21	area	area	NOUN
eistud-18147	12	22	is	be	AUX
eistud-18147	12	23	size	size	NOUN
eistud-18147	12	24	.	.	PUNCT
eistud-18147	13	1	the	the	DET
eistud-18147	13	2	article	article	NOUN
eistud-18147	13	3	concludes	conclude	VERB
eistud-18147	13	4	that	that	SCONJ
eistud-18147	13	5	actions	action	NOUN
eistud-18147	13	6	targeted	target	VERB
eistud-18147	13	7	to	to	PART
eistud-18147	13	8	increase	increase	VERB
eistud-18147	13	9	directly	directly	ADV
eistud-18147	13	10	or	or	CCONJ
eistud-18147	13	11	indirectly	indirectly	ADV
eistud-18147	13	12	the	the	DET
eistud-18147	13	13	size	size	NOUN
eistud-18147	13	14	of	of	ADP
eistud-18147	13	15	the	the	DET
eistud-18147	13	16	market	market	NOUN
eistud-18147	13	17	should	should	AUX
eistud-18147	13	18	be	be	AUX
eistud-18147	13	19	prioritised	prioritise	VERB
eistud-18147	13	20	for	for	ADP
eistud-18147	13	21	latvian	latvian	ADJ
eistud-18147	13	22	corporate	corporate	ADJ
eistud-18147	13	23	bond	bond	NOUN
eistud-18147	13	24	market	market	NOUN
eistud-18147	13	25	within	within	ADP
eistud-18147	13	26	cmu	cmu	NOUN
eistud-18147	13	27	framework	framework	NOUN
eistud-18147	13	28	.	.	PUNCT
eistud-18147	14	1	keywords	keyword	NOUN
eistud-18147	14	2	:	:	PUNCT
eistud-18147	14	3	corporate	corporate	ADJ
eistud-18147	14	4	bond	bond	NOUN
eistud-18147	14	5	market	market	NOUN
eistud-18147	14	6	,	,	PUNCT
eistud-18147	14	7	capital	capital	NOUN
eistud-18147	14	8	market	market	NOUN
eistud-18147	14	9	union	union	PROPN
eistud-18147	14	10	,	,	PUNCT
eistud-18147	14	11	bank	bank	NOUN
eistud-18147	14	12	-	-	PUNCT
eistud-18147	14	13	based	base	VERB
eistud-18147	14	14	economy	economy	NOUN
eistud-18147	14	15	,	,	PUNCT
eistud-18147	14	16	latvia	latvia	PROPN
eistud-18147	14	17	,	,	PUNCT
eistud-18147	14	18	development	development	NOUN
eistud-18147	14	19	.	.	PUNCT
eistud-18147	15	1	111	111	NUM
eistud-18147	15	2	european	european	ADJ
eistud-18147	15	3	integrat	integrat	NOUN
eistud-18147	15	4	ion	ion	NOUN
eistud-18147	15	5	studies	study	NOUN
eistud-18147	15	6	2017/11	2017/11	NUM
eistud-18147	15	7	before	before	ADP
eistud-18147	15	8	the	the	DET
eistud-18147	15	9	financial	financial	ADJ
eistud-18147	15	10	crisis	crisis	NOUN
eistud-18147	15	11	of	of	ADP
eistud-18147	15	12	2008	2008	NUM
eistud-18147	15	13	-	-	SYM
eistud-18147	15	14	2013	2013	NUM
eistud-18147	15	15	the	the	DET
eistud-18147	15	16	traditional	traditional	ADJ
eistud-18147	15	17	bank	bank	NOUN
eistud-18147	15	18	-	-	PUNCT
eistud-18147	15	19	based	base	VERB
eistud-18147	15	20	european	european	ADJ
eistud-18147	15	21	economy	economy	NOUN
eistud-18147	15	22	has	have	AUX
eistud-18147	15	23	rarely	rarely	ADV
eistud-18147	15	24	been	be	AUX
eistud-18147	15	25	challenged	challenge	VERB
eistud-18147	15	26	.	.	PUNCT
eistud-18147	16	1	the	the	DET
eistud-18147	16	2	total	total	ADJ
eistud-18147	16	3	assets	asset	NOUN
eistud-18147	16	4	of	of	ADP
eistud-18147	16	5	banks	bank	NOUN
eistud-18147	16	6	in	in	ADP
eistud-18147	16	7	the	the	DET
eistud-18147	16	8	eu	eu	PROPN
eistud-18147	16	9	amounted	amount	VERB
eistud-18147	16	10	eur	eur	PROPN
eistud-18147	16	11	42	42	NUM
eistud-18147	16	12	trillion	trillion	NUM
eistud-18147	16	13	or	or	CCONJ
eistud-18147	16	14	334	334	NUM
eistud-18147	16	15	%	%	NOUN
eistud-18147	16	16	of	of	ADP
eistud-18147	16	17	european	european	PROPN
eistud-18147	16	18	union	union	PROPN
eistud-18147	16	19	(	(	PUNCT
eistud-18147	16	20	eu	eu	PROPN
eistud-18147	16	21	)	)	PUNCT
eistud-18147	16	22	gdp	gdp	NOUN
eistud-18147	16	23	in	in	ADP
eistud-18147	16	24	2013	2013	NUM
eistud-18147	16	25	while	while	SCONJ
eistud-18147	16	26	us	we	PRON
eistud-18147	16	27	banks	bank	NOUN
eistud-18147	16	28	’	'	PUNCT
eistud-18147	16	29	assets	asset	NOUN
eistud-18147	16	30	were	be	AUX
eistud-18147	16	31	worth	worth	ADJ
eistud-18147	16	32	eur	eur	PROPN
eistud-18147	16	33	11	11	NUM
eistud-18147	16	34	trillion	trillion	NUM
eistud-18147	16	35	of	of	ADP
eistud-18147	16	36	88	88	NUM
eistud-18147	16	37	%	%	NOUN
eistud-18147	16	38	of	of	ADP
eistud-18147	16	39	us	us	PROPN
eistud-18147	16	40	gdp	gdp	NOUN
eistud-18147	16	41	(	(	PUNCT
eistud-18147	16	42	langfield	langfield	NOUN
eistud-18147	16	43	and	and	CCONJ
eistud-18147	16	44	pagano	pagano	NOUN
eistud-18147	16	45	,	,	PUNCT
eistud-18147	16	46	2016	2016	NUM
eistud-18147	16	47	)	)	PUNCT
eistud-18147	16	48	.	.	PUNCT
eistud-18147	17	1	the	the	DET
eistud-18147	17	2	recovery	recovery	NOUN
eistud-18147	17	3	,	,	PUNCT
eistud-18147	17	4	which	which	PRON
eistud-18147	17	5	took	take	VERB
eistud-18147	17	6	place	place	NOUN
eistud-18147	17	7	afterwards	afterwards	ADV
eistud-18147	17	8	created	create	VERB
eistud-18147	17	9	the	the	DET
eistud-18147	17	10	change	change	NOUN
eistud-18147	17	11	both	both	PRON
eistud-18147	17	12	in	in	ADP
eistud-18147	17	13	academic	academic	ADJ
eistud-18147	17	14	perception	perception	NOUN
eistud-18147	17	15	of	of	ADP
eistud-18147	17	16	the	the	DET
eistud-18147	17	17	bank	bank	NOUN
eistud-18147	17	18	-	-	PUNCT
eistud-18147	17	19	based	base	VERB
eistud-18147	17	20	economy	economy	NOUN
eistud-18147	17	21	of	of	ADP
eistud-18147	17	22	eu	eu	PROPN
eistud-18147	17	23	and	and	CCONJ
eistud-18147	17	24	political	political	ADJ
eistud-18147	17	25	view	view	NOUN
eistud-18147	17	26	.	.	PUNCT
eistud-18147	18	1	in	in	ADP
eistud-18147	18	2	the	the	DET
eistud-18147	18	3	result	result	NOUN
eistud-18147	18	4	,	,	PUNCT
eistud-18147	18	5	the	the	DET
eistud-18147	18	6	economy	economy	NOUN
eistud-18147	18	7	,	,	PUNCT
eistud-18147	18	8	which	which	PRON
eistud-18147	18	9	for	for	ADP
eistud-18147	18	10	centuries	century	NOUN
eistud-18147	18	11	has	have	AUX
eistud-18147	18	12	been	be	AUX
eistud-18147	18	13	relying	rely	VERB
eistud-18147	18	14	on	on	ADP
eistud-18147	18	15	banking	banking	NOUN
eistud-18147	18	16	financing	financing	NOUN
eistud-18147	18	17	is	be	AUX
eistud-18147	18	18	in	in	ADP
eistud-18147	18	19	the	the	DET
eistud-18147	18	20	process	process	NOUN
eistud-18147	18	21	of	of	ADP
eistud-18147	18	22	being	be	AUX
eistud-18147	18	23	turned	turn	VERB
eistud-18147	18	24	towards	towards	ADP
eistud-18147	18	25	a	a	DET
eistud-18147	18	26	more	more	ADV
eistud-18147	18	27	market	market	NOUN
eistud-18147	18	28	oriented	orient	VERB
eistud-18147	18	29	financing	financing	NOUN
eistud-18147	18	30	.	.	PUNCT
eistud-18147	19	1	the	the	DET
eistud-18147	19	2	banking	banking	NOUN
eistud-18147	19	3	sector	sector	NOUN
eistud-18147	19	4	is	be	AUX
eistud-18147	19	5	facing	face	VERB
eistud-18147	19	6	a	a	DET
eistud-18147	19	7	vast	vast	ADJ
eistud-18147	19	8	wave	wave	NOUN
eistud-18147	19	9	of	of	ADP
eistud-18147	19	10	regulations	regulation	NOUN
eistud-18147	19	11	requiring	require	VERB
eistud-18147	19	12	the	the	DET
eistud-18147	19	13	core	core	ADJ
eistud-18147	19	14	structural	structural	ADJ
eistud-18147	19	15	changes	change	NOUN
eistud-18147	19	16	and	and	CCONJ
eistud-18147	19	17	often	often	ADV
eistud-18147	19	18	business	business	NOUN
eistud-18147	19	19	restructuring	restructuring	NOUN
eistud-18147	19	20	.	.	PUNCT
eistud-18147	20	1	moreover	moreover	ADV
eistud-18147	20	2	the	the	DET
eistud-18147	20	3	development	development	NOUN
eistud-18147	20	4	of	of	ADP
eistud-18147	20	5	alternative	alternative	ADJ
eistud-18147	20	6	financing	financing	NOUN
eistud-18147	20	7	solutions	solution	NOUN
eistud-18147	20	8	is	be	AUX
eistud-18147	20	9	providing	provide	VERB
eistud-18147	20	10	parallel	parallel	ADJ
eistud-18147	20	11	competitive	competitive	ADJ
eistud-18147	20	12	challenge	challenge	NOUN
eistud-18147	20	13	.	.	PUNCT
eistud-18147	21	1	in	in	ADP
eistud-18147	21	2	order	order	NOUN
eistud-18147	21	3	to	to	PART
eistud-18147	21	4	structure	structure	VERB
eistud-18147	21	5	its	its	PRON
eistud-18147	21	6	steps	step	NOUN
eistud-18147	21	7	towards	towards	ADP
eistud-18147	21	8	marketbased	marketbase	VERB
eistud-18147	21	9	economy	economy	NOUN
eistud-18147	21	10	,	,	PUNCT
eistud-18147	21	11	the	the	DET
eistud-18147	21	12	action	action	NOUN
eistud-18147	21	13	plan	plan	NOUN
eistud-18147	21	14	called	call	VERB
eistud-18147	21	15	capital	capital	NOUN
eistud-18147	21	16	market	market	NOUN
eistud-18147	21	17	union	union	NOUN
eistud-18147	21	18	was	be	AUX
eistud-18147	21	19	announced	announce	VERB
eistud-18147	21	20	by	by	ADP
eistud-18147	21	21	the	the	DET
eistud-18147	21	22	european	european	PROPN
eistud-18147	21	23	commission	commission	PROPN
eistud-18147	21	24	in	in	ADP
eistud-18147	21	25	2015	2015	NUM
eistud-18147	21	26	(	(	PUNCT
eistud-18147	21	27	european	european	PROPN
eistud-18147	21	28	commission	commission	PROPN
eistud-18147	21	29	,	,	PUNCT
eistud-18147	21	30	2017	2017	NUM
eistud-18147	21	31	)	)	PUNCT
eistud-18147	21	32	.	.	PUNCT
eistud-18147	22	1	latvia	latvia	PROPN
eistud-18147	22	2	while	while	SCONJ
eistud-18147	22	3	being	be	AUX
eistud-18147	22	4	the	the	DET
eistud-18147	22	5	bank	bank	NOUN
eistud-18147	22	6	-	-	PUNCT
eistud-18147	22	7	based	base	VERB
eistud-18147	22	8	economy	economy	NOUN
eistud-18147	22	9	is	be	AUX
eistud-18147	22	10	experiencing	experience	VERB
eistud-18147	22	11	the	the	DET
eistud-18147	22	12	strong	strong	ADJ
eistud-18147	22	13	development	development	NOUN
eistud-18147	22	14	of	of	ADP
eistud-18147	22	15	its	its	PRON
eistud-18147	22	16	corporate	corporate	ADJ
eistud-18147	22	17	bond	bond	NOUN
eistud-18147	22	18	market	market	NOUN
eistud-18147	22	19	where	where	SCONJ
eistud-18147	22	20	the	the	DET
eistud-18147	22	21	number	number	NOUN
eistud-18147	22	22	of	of	ADP
eistud-18147	22	23	public	public	ADJ
eistud-18147	22	24	issues	issue	NOUN
eistud-18147	22	25	outstanding	outstanding	ADJ
eistud-18147	22	26	has	have	AUX
eistud-18147	22	27	reached	reach	VERB
eistud-18147	22	28	47	47	NUM
eistud-18147	22	29	corporate	corporate	ADJ
eistud-18147	22	30	bonds	bond	NOUN
eistud-18147	22	31	(	(	PUNCT
eistud-18147	22	32	nasdaq	nasdaq	PROPN
eistud-18147	22	33	baltic	baltic	PROPN
eistud-18147	22	34	,	,	PUNCT
eistud-18147	22	35	2017	2017	NUM
eistud-18147	22	36	)	)	PUNCT
eistud-18147	22	37	.	.	PUNCT
eistud-18147	23	1	the	the	DET
eistud-18147	23	2	growth	growth	NOUN
eistud-18147	23	3	of	of	ADP
eistud-18147	23	4	the	the	DET
eistud-18147	23	5	alternative	alternative	ADJ
eistud-18147	23	6	financing	financing	NOUN
eistud-18147	23	7	is	be	AUX
eistud-18147	23	8	experienced	experience	VERB
eistud-18147	23	9	while	while	SCONJ
eistud-18147	23	10	unclear	unclear	ADJ
eistud-18147	23	11	in	in	ADP
eistud-18147	23	12	its	its	PRON
eistud-18147	23	13	sustainability	sustainability	NOUN
eistud-18147	23	14	of	of	ADP
eistud-18147	23	15	corporate	corporate	ADJ
eistud-18147	23	16	bond	bond	NOUN
eistud-18147	23	17	segment	segment	NOUN
eistud-18147	23	18	.	.	PUNCT
eistud-18147	24	1	in	in	ADP
eistud-18147	24	2	order	order	NOUN
eistud-18147	24	3	to	to	PART
eistud-18147	24	4	identify	identify	VERB
eistud-18147	24	5	the	the	DET
eistud-18147	24	6	level	level	NOUN
eistud-18147	24	7	of	of	ADP
eistud-18147	24	8	developed	develop	VERB
eistud-18147	24	9	of	of	ADP
eistud-18147	24	10	latvian	latvian	ADJ
eistud-18147	24	11	corporate	corporate	ADJ
eistud-18147	24	12	bond	bond	NOUN
eistud-18147	24	13	segment	segment	NOUN
eistud-18147	24	14	the	the	DET
eistud-18147	24	15	study	study	NOUN
eistud-18147	24	16	of	of	ADP
eistud-18147	24	17	tocelovska	tocelovska	ADJ
eistud-18147	24	18	(	(	PUNCT
eistud-18147	24	19	may	may	PROPN
eistud-18147	24	20	2016	2016	NUM
eistud-18147	24	21	)	)	PUNCT
eistud-18147	24	22	selected	select	VERB
eistud-18147	24	23	the	the	DET
eistud-18147	24	24	financial	financial	ADJ
eistud-18147	24	25	sector	sector	NOUN
eistud-18147	24	26	development	development	NOUN
eistud-18147	24	27	indicator	indicator	NOUN
eistud-18147	24	28	(	(	PUNCT
eistud-18147	24	29	fsdi	fsdi	NOUN
eistud-18147	24	30	)	)	PUNCT
eistud-18147	24	31	framework	framework	NOUN
eistud-18147	24	32	developed	develop	VERB
eistud-18147	24	33	by	by	ADP
eistud-18147	24	34	the	the	DET
eistud-18147	24	35	world	world	PROPN
eistud-18147	24	36	bank	bank	PROPN
eistud-18147	24	37	and	and	CCONJ
eistud-18147	24	38	applied	apply	VERB
eistud-18147	24	39	it	it	PRON
eistud-18147	24	40	to	to	ADP
eistud-18147	24	41	latvia	latvia	PROPN
eistud-18147	24	42	.	.	PUNCT
eistud-18147	25	1	the	the	DET
eistud-18147	25	2	performed	perform	VERB
eistud-18147	25	3	comparison	comparison	NOUN
eistud-18147	25	4	to	to	ADP
eistud-18147	25	5	the	the	DET
eistud-18147	25	6	benchmark	benchmark	ADJ
eistud-18147	25	7	markets	market	NOUN
eistud-18147	25	8	:	:	PUNCT
eistud-18147	25	9	germany	germany	PROPN
eistud-18147	25	10	,	,	PUNCT
eistud-18147	25	11	usa	usa	PROPN
eistud-18147	25	12	and	and	CCONJ
eistud-18147	25	13	sweden	sweden	PROPN
eistud-18147	25	14	,	,	PUNCT
eistud-18147	25	15	indicated	indicate	VERB
eistud-18147	25	16	the	the	DET
eistud-18147	25	17	need	need	NOUN
eistud-18147	25	18	for	for	ADP
eistud-18147	25	19	additional	additional	ADJ
eistud-18147	25	20	selection	selection	NOUN
eistud-18147	25	21	of	of	ADP
eistud-18147	25	22	efficiency	efficiency	NOUN
eistud-18147	25	23	area	area	NOUN
eistud-18147	25	24	indicators	indicator	NOUN
eistud-18147	25	25	for	for	ADP
eistud-18147	25	26	analysis	analysis	NOUN
eistud-18147	25	27	(	(	PUNCT
eistud-18147	25	28	provided	provide	VERB
eistud-18147	25	29	by	by	ADP
eistud-18147	25	30	the	the	DET
eistud-18147	25	31	study	study	NOUN
eistud-18147	25	32	of	of	ADP
eistud-18147	25	33	tocelovska	tocelovska	ADJ
eistud-18147	25	34	(	(	PUNCT
eistud-18147	25	35	september	september	PROPN
eistud-18147	25	36	2016	2016	NUM
eistud-18147	25	37	)	)	PUNCT
eistud-18147	25	38	)	)	PUNCT
eistud-18147	25	39	and	and	CCONJ
eistud-18147	25	40	additional	additional	ADJ
eistud-18147	25	41	peer	peer	NOUN
eistud-18147	25	42	countries	country	NOUN
eistud-18147	25	43	for	for	ADP
eistud-18147	25	44	the	the	DET
eistud-18147	25	45	comparison	comparison	NOUN
eistud-18147	25	46	.	.	PUNCT
eistud-18147	26	1	the	the	DET
eistud-18147	26	2	research	research	NOUN
eistud-18147	26	3	by	by	ADP
eistud-18147	26	4	tocelovska	tocelovska	ADJ
eistud-18147	26	5	(	(	PUNCT
eistud-18147	26	6	october	october	PROPN
eistud-18147	26	7	2016	2016	NUM
eistud-18147	26	8	)	)	PUNCT
eistud-18147	26	9	run	run	VERB
eistud-18147	26	10	expert	expert	ADJ
eistud-18147	26	11	panel	panel	NOUN
eistud-18147	26	12	to	to	PART
eistud-18147	26	13	discover	discover	VERB
eistud-18147	26	14	the	the	DET
eistud-18147	26	15	relevant	relevant	ADJ
eistud-18147	26	16	peer	peer	NOUN
eistud-18147	26	17	countries	country	NOUN
eistud-18147	26	18	and	and	CCONJ
eistud-18147	26	19	identified	identify	VERB
eistud-18147	26	20	poland	poland	PROPN
eistud-18147	26	21	,	,	PUNCT
eistud-18147	26	22	croatia	croatia	PROPN
eistud-18147	26	23	,	,	PUNCT
eistud-18147	26	24	hungary	hungary	PROPN
eistud-18147	26	25	,	,	PUNCT
eistud-18147	26	26	slovakia	slovakia	PROPN
eistud-18147	26	27	and	and	CCONJ
eistud-18147	26	28	slovenia	slovenia	PROPN
eistud-18147	26	29	as	as	ADP
eistud-18147	26	30	the	the	DET
eistud-18147	26	31	peer	peer	NOUN
eistud-18147	26	32	countries	country	NOUN
eistud-18147	26	33	.	.	PUNCT
eistud-18147	27	1	the	the	DET
eistud-18147	27	2	analysis	analysis	NOUN
eistud-18147	27	3	revealed	reveal	VERB
eistud-18147	27	4	that	that	SCONJ
eistud-18147	27	5	latvia	latvia	PROPN
eistud-18147	27	6	had	have	VERB
eistud-18147	27	7	a	a	DET
eistud-18147	27	8	comparatively	comparatively	ADV
eistud-18147	27	9	developed	develop	VERB
eistud-18147	27	10	bond	bond	NOUN
eistud-18147	27	11	market	market	NOUN
eistud-18147	27	12	and	and	CCONJ
eistud-18147	27	13	its	its	PRON
eistud-18147	27	14	corporate	corporate	ADJ
eistud-18147	27	15	segment	segment	NOUN
eistud-18147	27	16	.	.	PUNCT
eistud-18147	28	1	the	the	DET
eistud-18147	28	2	increased	increase	VERB
eistud-18147	28	3	focus	focus	NOUN
eistud-18147	28	4	on	on	ADP
eistud-18147	28	5	the	the	DET
eistud-18147	28	6	cmu	cmu	PROPN
eistud-18147	28	7	creation	creation	NOUN
eistud-18147	28	8	and	and	CCONJ
eistud-18147	28	9	actions	action	NOUN
eistud-18147	28	10	planed	plane	VERB
eistud-18147	28	11	and	and	CCONJ
eistud-18147	28	12	the	the	DET
eistud-18147	28	13	strong	strong	ADJ
eistud-18147	28	14	focus	focus	NOUN
eistud-18147	28	15	on	on	ADP
eistud-18147	28	16	the	the	DET
eistud-18147	28	17	corporate	corporate	ADJ
eistud-18147	28	18	bond	bond	NOUN
eistud-18147	28	19	market	market	NOUN
eistud-18147	28	20	development	development	NOUN
eistud-18147	28	21	as	as	ADP
eistud-18147	28	22	part	part	NOUN
eistud-18147	28	23	of	of	ADP
eistud-18147	28	24	the	the	DET
eistud-18147	28	25	cmu	cmu	PROPN
eistud-18147	28	26	action	action	NOUN
eistud-18147	28	27	plan	plan	NOUN
eistud-18147	28	28	,	,	PUNCT
eistud-18147	28	29	besides	besides	SCONJ
eistud-18147	28	30	to	to	ADP
eistud-18147	28	31	the	the	DET
eistud-18147	28	32	increasing	increase	VERB
eistud-18147	28	33	number	number	NOUN
eistud-18147	28	34	of	of	ADP
eistud-18147	28	35	academic	academic	ADJ
eistud-18147	28	36	studies	study	NOUN
eistud-18147	28	37	on	on	ADP
eistud-18147	28	38	cmu	cmu	ADV
eistud-18147	28	39	develop	develop	VERB
eistud-18147	28	40	the	the	DET
eistud-18147	28	41	need	need	NOUN
eistud-18147	28	42	for	for	ADP
eistud-18147	28	43	analysis	analysis	NOUN
eistud-18147	28	44	of	of	ADP
eistud-18147	28	45	latvian	latvian	ADJ
eistud-18147	28	46	corporate	corporate	ADJ
eistud-18147	28	47	bond	bond	NOUN
eistud-18147	28	48	market	market	NOUN
eistud-18147	28	49	development	development	NOUN
eistud-18147	28	50	within	within	ADP
eistud-18147	28	51	cmu	cmu	PROPN
eistud-18147	28	52	perspective	perspective	NOUN
eistud-18147	28	53	.	.	PUNCT
eistud-18147	29	1	the	the	DET
eistud-18147	29	2	aim	aim	NOUN
eistud-18147	29	3	of	of	ADP
eistud-18147	29	4	this	this	DET
eistud-18147	29	5	article	article	NOUN
eistud-18147	29	6	is	be	AUX
eistud-18147	29	7	to	to	PART
eistud-18147	29	8	analyse	analyse	VERB
eistud-18147	29	9	the	the	DET
eistud-18147	29	10	level	level	NOUN
eistud-18147	29	11	of	of	ADP
eistud-18147	29	12	development	development	NOUN
eistud-18147	29	13	of	of	ADP
eistud-18147	29	14	latvian	latvian	ADJ
eistud-18147	29	15	corporate	corporate	ADJ
eistud-18147	29	16	bond	bond	NOUN
eistud-18147	29	17	segment	segment	NOUN
eistud-18147	29	18	and	and	CCONJ
eistud-18147	29	19	to	to	PART
eistud-18147	29	20	reveal	reveal	VERB
eistud-18147	29	21	the	the	DET
eistud-18147	29	22	areas	area	NOUN
eistud-18147	29	23	of	of	ADP
eistud-18147	29	24	potential	potential	ADJ
eistud-18147	29	25	focus	focus	NOUN
eistud-18147	29	26	of	of	ADP
eistud-18147	29	27	cmu	cmu	PROPN
eistud-18147	29	28	introduction	introduction	NOUN
eistud-18147	29	29	.	.	PUNCT
eistud-18147	30	1	the	the	DET
eistud-18147	30	2	article	article	NOUN
eistud-18147	30	3	employs	employ	VERB
eistud-18147	30	4	scientific	scientific	ADJ
eistud-18147	30	5	publication	publication	NOUN
eistud-18147	30	6	analysis	analysis	NOUN
eistud-18147	30	7	,	,	PUNCT
eistud-18147	30	8	document	document	NOUN
eistud-18147	30	9	analysis	analysis	NOUN
eistud-18147	30	10	,	,	PUNCT
eistud-18147	30	11	data	data	NOUN
eistud-18147	30	12	evaluation	evaluation	NOUN
eistud-18147	30	13	,	,	PUNCT
eistud-18147	30	14	and	and	CCONJ
eistud-18147	30	15	case	case	NOUN
eistud-18147	30	16	study	study	NOUN
eistud-18147	30	17	research	research	NOUN
eistud-18147	30	18	methods	method	NOUN
eistud-18147	30	19	.	.	PUNCT
eistud-18147	31	1	this	this	DET
eistud-18147	31	2	paper	paper	NOUN
eistud-18147	31	3	contributes	contribute	VERB
eistud-18147	31	4	in	in	ADP
eistud-18147	31	5	two	two	NUM
eistud-18147	31	6	fundamental	fundamental	ADJ
eistud-18147	31	7	ways	way	NOUN
eistud-18147	31	8	to	to	ADP
eistud-18147	31	9	the	the	DET
eistud-18147	31	10	current	current	ADJ
eistud-18147	31	11	research	research	NOUN
eistud-18147	31	12	on	on	ADP
eistud-18147	31	13	the	the	DET
eistud-18147	31	14	corporate	corporate	ADJ
eistud-18147	31	15	bond	bond	NOUN
eistud-18147	31	16	market	market	NOUN
eistud-18147	31	17	development	development	NOUN
eistud-18147	31	18	in	in	ADP
eistud-18147	31	19	latvia	latvia	PROPN
eistud-18147	31	20	and	and	CCONJ
eistud-18147	31	21	cmu	cmu	PROPN
eistud-18147	31	22	introduction	introduction	NOUN
eistud-18147	31	23	.	.	PUNCT
eistud-18147	32	1	firstly	firstly	ADV
eistud-18147	32	2	,	,	PUNCT
eistud-18147	32	3	the	the	DET
eistud-18147	32	4	author	author	NOUN
eistud-18147	32	5	provides	provide	VERB
eistud-18147	32	6	in	in	ADP
eistud-18147	32	7	-	-	PUNCT
eistud-18147	32	8	depth	depth	NOUN
eistud-18147	32	9	analysis	analysis	NOUN
eistud-18147	32	10	of	of	ADP
eistud-18147	32	11	the	the	DET
eistud-18147	32	12	academic	academic	ADJ
eistud-18147	32	13	development	development	NOUN
eistud-18147	32	14	of	of	ADP
eistud-18147	32	15	market	market	NOUN
eistud-18147	32	16	-	-	PUNCT
eistud-18147	32	17	based	base	VERB
eistud-18147	32	18	concept	concept	NOUN
eistud-18147	32	19	in	in	ADP
eistud-18147	32	20	europe	europe	PROPN
eistud-18147	32	21	including	include	VERB
eistud-18147	32	22	cmu	cmu	PROPN
eistud-18147	32	23	introduction	introduction	NOUN
eistud-18147	32	24	.	.	PUNCT
eistud-18147	33	1	secondly	secondly	ADV
eistud-18147	33	2	,	,	PUNCT
eistud-18147	33	3	the	the	DET
eistud-18147	33	4	author	author	NOUN
eistud-18147	33	5	further	far	ADV
eistud-18147	33	6	extends	extend	VERB
eistud-18147	33	7	the	the	DET
eistud-18147	33	8	development	development	NOUN
eistud-18147	33	9	of	of	ADP
eistud-18147	33	10	financial	financial	ADJ
eistud-18147	33	11	sector	sector	NOUN
eistud-18147	33	12	development	development	NOUN
eistud-18147	33	13	indicators	indicator	NOUN
eistud-18147	33	14	(	(	PUNCT
eistud-18147	33	15	fsdi	fsdi	NOUN
eistud-18147	33	16	)	)	PUNCT
eistud-18147	33	17	model	model	NOUN
eistud-18147	33	18	by	by	ADP
eistud-18147	33	19	the	the	DET
eistud-18147	33	20	world	world	PROPN
eistud-18147	33	21	bank	bank	PROPN
eistud-18147	33	22	(	(	PUNCT
eistud-18147	33	23	2004	2004	NUM
eistud-18147	33	24	)	)	PUNCT
eistud-18147	33	25	by	by	ADP
eistud-18147	33	26	adding	add	VERB
eistud-18147	33	27	the	the	DET
eistud-18147	33	28	peer	peer	NOUN
eistud-18147	33	29	countries	country	NOUN
eistud-18147	33	30	as	as	SCONJ
eistud-18147	33	31	provided	provide	VERB
eistud-18147	33	32	by	by	ADP
eistud-18147	33	33	bending	bend	VERB
eistud-18147	33	34	et	et	PRON
eistud-18147	33	35	al	al	PROPN
eistud-18147	33	36	(	(	PUNCT
eistud-18147	33	37	2014	2014	NUM
eistud-18147	33	38	)	)	PUNCT
eistud-18147	33	39	as	as	ADP
eistud-18147	33	40	the	the	DET
eistud-18147	33	41	result	result	NOUN
eistud-18147	33	42	of	of	ADP
eistud-18147	33	43	the	the	DET
eistud-18147	33	44	cluster	cluster	NOUN
eistud-18147	33	45	analysis	analysis	NOUN
eistud-18147	33	46	of	of	ADP
eistud-18147	33	47	the	the	DET
eistud-18147	33	48	european	european	PROPN
eistud-18147	33	49	union	union	PROPN
eistud-18147	33	50	economies	economy	NOUN
eistud-18147	33	51	and	and	CCONJ
eistud-18147	33	52	identifies	identify	VERB
eistud-18147	33	53	the	the	DET
eistud-18147	33	54	comparative	comparative	ADJ
eistud-18147	33	55	level	level	NOUN
eistud-18147	33	56	of	of	ADP
eistud-18147	33	57	development	development	NOUN
eistud-18147	33	58	of	of	ADP
eistud-18147	33	59	the	the	DET
eistud-18147	33	60	corporate	corporate	ADJ
eistud-18147	33	61	bond	bond	NOUN
eistud-18147	33	62	market	market	NOUN
eistud-18147	33	63	in	in	ADP
eistud-18147	33	64	latvia	latvia	PROPN
eistud-18147	33	65	within	within	ADP
eistud-18147	33	66	the	the	DET
eistud-18147	33	67	cluster	cluster	NOUN
eistud-18147	33	68	selected	select	VERB
eistud-18147	33	69	.	.	PUNCT
eistud-18147	34	1	the	the	DET
eistud-18147	34	2	structure	structure	NOUN
eistud-18147	34	3	of	of	ADP
eistud-18147	34	4	this	this	DET
eistud-18147	34	5	paper	paper	NOUN
eistud-18147	34	6	commences	commence	VERB
eistud-18147	34	7	with	with	ADP
eistud-18147	34	8	the	the	DET
eistud-18147	34	9	review	review	NOUN
eistud-18147	34	10	of	of	ADP
eistud-18147	34	11	the	the	DET
eistud-18147	34	12	academic	academic	ADJ
eistud-18147	34	13	research	research	NOUN
eistud-18147	34	14	on	on	ADP
eistud-18147	34	15	the	the	DET
eistud-18147	34	16	financial	financial	ADJ
eistud-18147	34	17	system	system	NOUN
eistud-18147	34	18	specifics	specific	NOUN
eistud-18147	34	19	of	of	ADP
eistud-18147	34	20	bank	bank	NOUN
eistud-18147	34	21	-	-	PUNCT
eistud-18147	34	22	based	base	VERB
eistud-18147	34	23	and	and	CCONJ
eistud-18147	34	24	market	market	NOUN
eistud-18147	34	25	-	-	PUNCT
eistud-18147	34	26	based	base	VERB
eistud-18147	34	27	systems	system	NOUN
eistud-18147	34	28	and	and	CCONJ
eistud-18147	34	29	the	the	DET
eistud-18147	34	30	justification	justification	NOUN
eistud-18147	34	31	for	for	ADP
eistud-18147	34	32	the	the	DET
eistud-18147	34	33	preferred	preferred	ADJ
eistud-18147	34	34	arrangement	arrangement	NOUN
eistud-18147	34	35	of	of	ADP
eistud-18147	34	36	the	the	DET
eistud-18147	34	37	european	european	ADJ
eistud-18147	34	38	market	market	NOUN
eistud-18147	34	39	.	.	PUNCT
eistud-18147	35	1	the	the	DET
eistud-18147	35	2	cmu	cmu	PROPN
eistud-18147	35	3	initiative	initiative	NOUN
eistud-18147	35	4	is	be	AUX
eistud-18147	35	5	reviewed	review	VERB
eistud-18147	35	6	within	within	ADP
eistud-18147	35	7	the	the	DET
eistud-18147	35	8	shift	shift	NOUN
eistud-18147	35	9	to	to	ADP
eistud-18147	35	10	the	the	DET
eistud-18147	35	11	market	market	NOUN
eistud-18147	35	12	-	-	PUNCT
eistud-18147	35	13	based	base	VERB
eistud-18147	35	14	economy	economy	NOUN
eistud-18147	35	15	.	.	PUNCT
eistud-18147	36	1	while	while	SCONJ
eistud-18147	36	2	classified	classify	VERB
eistud-18147	36	3	as	as	ADP
eistud-18147	36	4	the	the	DET
eistud-18147	36	5	country	country	NOUN
eistud-18147	36	6	with	with	ADP
eistud-18147	36	7	underdeveloped	underdeveloped	ADJ
eistud-18147	36	8	both	both	DET
eistud-18147	36	9	banking	banking	NOUN
eistud-18147	36	10	sectors	sector	NOUN
eistud-18147	36	11	and	and	CCONJ
eistud-18147	36	12	capital	capital	NOUN
eistud-18147	36	13	underdeveloped	underdevelop	VERB
eistud-18147	36	14	by	by	ADP
eistud-18147	36	15	the	the	DET
eistud-18147	36	16	study	study	NOUN
eistud-18147	36	17	of	of	ADP
eistud-18147	36	18	bending	bend	VERB
eistud-18147	36	19	et	et	PRON
eistud-18147	36	20	al	al	PROPN
eistud-18147	36	21	(	(	PUNCT
eistud-18147	36	22	2014	2014	NUM
eistud-18147	36	23	)	)	PUNCT
eistud-18147	36	24	,	,	PUNCT
eistud-18147	36	25	latvia	latvia	PROPN
eistud-18147	36	26	is	be	AUX
eistud-18147	36	27	analysed	analyse	VERB
eistud-18147	36	28	for	for	ADP
eistud-18147	36	29	its	its	PRON
eistud-18147	36	30	comparative	comparative	ADJ
eistud-18147	36	31	development	development	NOUN
eistud-18147	36	32	for	for	ADP
eistud-18147	36	33	corporate	corporate	ADJ
eistud-18147	36	34	bond	bond	NOUN
eistud-18147	36	35	segment	segment	NOUN
eistud-18147	36	36	within	within	ADP
eistud-18147	36	37	fsdi	fsdi	NOUN
eistud-18147	36	38	framework	framework	NOUN
eistud-18147	36	39	by	by	ADP
eistud-18147	36	40	applying	apply	VERB
eistud-18147	36	41	identified	identify	VERB
eistud-18147	36	42	by	by	ADP
eistud-18147	36	43	bending	bend	VERB
eistud-18147	36	44	et	et	PRON
eistud-18147	36	45	al	al	PROPN
eistud-18147	36	46	(	(	PUNCT
eistud-18147	36	47	2014	2014	NUM
eistud-18147	36	48	)	)	PUNCT
eistud-18147	36	49	peer	peer	NOUN
eistud-18147	36	50	countries	country	NOUN
eistud-18147	36	51	.	.	PUNCT
eistud-18147	37	1	finally	finally	ADV
eistud-18147	37	2	,	,	PUNCT
eistud-18147	37	3	the	the	DET
eistud-18147	37	4	results	result	NOUN
eistud-18147	37	5	of	of	ADP
eistud-18147	37	6	the	the	DET
eistud-18147	37	7	fsdi	fsdi	NOUN
eistud-18147	37	8	framework	framework	NOUN
eistud-18147	37	9	applied	apply	VERB
eistud-18147	37	10	are	be	AUX
eistud-18147	37	11	presented	present	VERB
eistud-18147	37	12	within	within	ADP
eistud-18147	37	13	the	the	DET
eistud-18147	37	14	cmu	cmu	PROPN
eistud-18147	37	15	introduction	introduction	NOUN
eistud-18147	37	16	perspective	perspective	NOUN
eistud-18147	37	17	,	,	PUNCT
eistud-18147	37	18	the	the	DET
eistud-18147	37	19	expected	expected	ADJ
eistud-18147	37	20	outcomes	outcome	NOUN
eistud-18147	37	21	are	be	AUX
eistud-18147	37	22	described	describe	VERB
eistud-18147	37	23	as	as	ADV
eistud-18147	37	24	well	well	ADV
eistud-18147	37	25	as	as	ADP
eistud-18147	37	26	future	future	ADJ
eistud-18147	37	27	areas	area	NOUN
eistud-18147	37	28	of	of	ADP
eistud-18147	37	29	research	research	NOUN
eistud-18147	37	30	are	be	AUX
eistud-18147	37	31	proposed	propose	VERB
eistud-18147	37	32	.	.	PUNCT
eistud-18147	38	1	introduction	introduction	NOUN
eistud-18147	38	2	european	european	ADJ
eistud-18147	38	3	integrat	integrat	PROPN
eistud-18147	38	4	ion	ion	NOUN
eistud-18147	38	5	studies	study	NOUN
eistud-18147	38	6	2017/11	2017/11	NUM
eistud-18147	38	7	112	112	NUM
eistud-18147	38	8	an	an	DET
eistud-18147	38	9	academic	academic	ADJ
eistud-18147	38	10	discussion	discussion	NOUN
eistud-18147	38	11	on	on	ADP
eistud-18147	38	12	whether	whether	SCONJ
eistud-18147	38	13	financing	financing	NOUN
eistud-18147	38	14	on	on	ADP
eistud-18147	38	15	both	both	CCONJ
eistud-18147	38	16	corporate	corporate	ADJ
eistud-18147	38	17	and	and	CCONJ
eistud-18147	38	18	sovereign	sovereign	ADJ
eistud-18147	38	19	level	level	NOUN
eistud-18147	38	20	should	should	AUX
eistud-18147	38	21	be	be	AUX
eistud-18147	38	22	bank	bank	NOUN
eistud-18147	38	23	-	-	PUNCT
eistud-18147	38	24	based	base	VERB
eistud-18147	38	25	or	or	CCONJ
eistud-18147	38	26	marketbased	marketbase	VERB
eistud-18147	38	27	has	have	AUX
eistud-18147	38	28	taken	take	VERB
eistud-18147	38	29	place	place	NOUN
eistud-18147	38	30	for	for	ADP
eistud-18147	38	31	a	a	DET
eistud-18147	38	32	long	long	ADJ
eistud-18147	38	33	period	period	NOUN
eistud-18147	38	34	of	of	ADP
eistud-18147	38	35	time	time	NOUN
eistud-18147	38	36	where	where	SCONJ
eistud-18147	38	37	the	the	DET
eistud-18147	38	38	academic	academic	ADJ
eistud-18147	38	39	research	research	NOUN
eistud-18147	38	40	on	on	ADP
eistud-18147	38	41	the	the	DET
eistud-18147	38	42	topic	topic	NOUN
eistud-18147	38	43	concentrates	concentrate	VERB
eistud-18147	38	44	in	in	ADP
eistud-18147	38	45	the	the	DET
eistud-18147	38	46	period	period	NOUN
eistud-18147	38	47	mid-1990s	mid-1990	NOUN
eistud-18147	38	48	early	early	ADJ
eistud-18147	38	49	2000s	2000s	NUM
eistud-18147	38	50	.	.	PUNCT
eistud-18147	39	1	langfield	langfield	NOUN
eistud-18147	39	2	and	and	CCONJ
eistud-18147	39	3	pagano	pagano	NOUN
eistud-18147	39	4	(	(	PUNCT
eistud-18147	39	5	2016	2016	NUM
eistud-18147	39	6	)	)	PUNCT
eistud-18147	39	7	explain	explain	VERB
eistud-18147	39	8	that	that	SCONJ
eistud-18147	39	9	since	since	SCONJ
eistud-18147	39	10	the	the	DET
eistud-18147	39	11	early	early	ADJ
eistud-18147	39	12	1990s	1990	NOUN
eistud-18147	39	13	,	,	PUNCT
eistud-18147	39	14	europe	europe	PROPN
eistud-18147	39	15	’s	’s	PART
eistud-18147	39	16	banking	banking	NOUN
eistud-18147	39	17	system	system	NOUN
eistud-18147	39	18	has	have	AUX
eistud-18147	39	19	expanded	expand	VERB
eistud-18147	39	20	rapidly	rapidly	ADV
eistud-18147	39	21	,	,	PUNCT
eistud-18147	39	22	where	where	SCONJ
eistud-18147	39	23	europe	europe	PROPN
eistud-18147	39	24	’s	’s	PART
eistud-18147	39	25	capital	capital	NOUN
eistud-18147	39	26	market	market	NOUN
eistud-18147	39	27	experienced	experience	VERB
eistud-18147	39	28	moderate	moderate	ADJ
eistud-18147	39	29	changes	change	NOUN
eistud-18147	39	30	.	.	PUNCT
eistud-18147	40	1	in	in	ADP
eistud-18147	40	2	the	the	DET
eistud-18147	40	3	result	result	NOUN
eistud-18147	40	4	europe	europe	PROPN
eistud-18147	40	5	’s	’s	PART
eistud-18147	40	6	financial	financial	ADJ
eistud-18147	40	7	structure	structure	NOUN
eistud-18147	40	8	has	have	AUX
eistud-18147	40	9	become	become	VERB
eistud-18147	40	10	strongly	strongly	ADV
eistud-18147	40	11	bank	bank	NOUN
eistud-18147	40	12	-	-	PUNCT
eistud-18147	40	13	based	base	VERB
eistud-18147	40	14	.	.	PUNCT
eistud-18147	41	1	the	the	DET
eistud-18147	41	2	second	second	ADJ
eistud-18147	41	3	wave	wave	NOUN
eistud-18147	41	4	of	of	ADP
eistud-18147	41	5	academic	academic	ADJ
eistud-18147	41	6	interest	interest	NOUN
eistud-18147	41	7	to	to	ADP
eistud-18147	41	8	the	the	DET
eistud-18147	41	9	topic	topic	NOUN
eistud-18147	41	10	could	could	AUX
eistud-18147	41	11	be	be	AUX
eistud-18147	41	12	observe	observe	VERB
eistud-18147	41	13	in	in	ADP
eistud-18147	41	14	mid-2010	mid-2010	NOUN
eistud-18147	41	15	,	,	PUNCT
eistud-18147	41	16	where	where	SCONJ
eistud-18147	41	17	the	the	DET
eistud-18147	41	18	reflections	reflection	NOUN
eistud-18147	41	19	from	from	ADP
eistud-18147	41	20	the	the	DET
eistud-18147	41	21	financial	financial	ADJ
eistud-18147	41	22	crisis	crisis	NOUN
eistud-18147	41	23	and	and	CCONJ
eistud-18147	41	24	proximity	proximity	NOUN
eistud-18147	41	25	of	of	ADP
eistud-18147	41	26	capital	capital	NOUN
eistud-18147	41	27	market	market	NOUN
eistud-18147	41	28	union	union	NOUN
eistud-18147	41	29	initiative	initiative	NOUN
eistud-18147	41	30	by	by	ADP
eistud-18147	41	31	the	the	DET
eistud-18147	41	32	european	european	PROPN
eistud-18147	41	33	commission	commission	PROPN
eistud-18147	41	34	stimulated	stimulate	VERB
eistud-18147	41	35	the	the	DET
eistud-18147	41	36	discussion	discussion	NOUN
eistud-18147	41	37	.	.	PUNCT
eistud-18147	42	1	financial	financial	ADJ
eistud-18147	42	2	system	system	NOUN
eistud-18147	42	3	of	of	ADP
eistud-18147	42	4	the	the	DET
eistud-18147	42	5	country	country	NOUN
eistud-18147	42	6	brings	bring	VERB
eistud-18147	42	7	together	together	ADP
eistud-18147	42	8	lenders	lender	NOUN
eistud-18147	42	9	,	,	PUNCT
eistud-18147	42	10	borrowers	borrower	NOUN
eistud-18147	42	11	,	,	PUNCT
eistud-18147	42	12	financial	financial	ADJ
eistud-18147	42	13	markets	market	NOUN
eistud-18147	42	14	and	and	CCONJ
eistud-18147	42	15	financial	financial	ADJ
eistud-18147	42	16	intermediaries	intermediary	NOUN
eistud-18147	42	17	with	with	ADP
eistud-18147	42	18	the	the	DET
eistud-18147	42	19	aim	aim	NOUN
eistud-18147	42	20	to	to	PART
eistud-18147	42	21	channel	channel	VERB
eistud-18147	42	22	financial	financial	ADJ
eistud-18147	42	23	resources	resource	NOUN
eistud-18147	42	24	from	from	ADP
eistud-18147	42	25	the	the	DET
eistud-18147	42	26	financial	financial	ADJ
eistud-18147	42	27	market	market	NOUN
eistud-18147	42	28	participants	participant	NOUN
eistud-18147	42	29	with	with	ADP
eistud-18147	42	30	the	the	DET
eistud-18147	42	31	excess	excess	NOUN
eistud-18147	42	32	to	to	ADP
eistud-18147	42	33	other	other	ADJ
eistud-18147	42	34	financial	financial	ADJ
eistud-18147	42	35	market	market	NOUN
eistud-18147	42	36	participants	participant	NOUN
eistud-18147	42	37	,	,	PUNCT
eistud-18147	42	38	who	who	PRON
eistud-18147	42	39	have	have	VERB
eistud-18147	42	40	shortage	shortage	NOUN
eistud-18147	42	41	.	.	PUNCT
eistud-18147	43	1	mishkin	mishkin	NOUN
eistud-18147	43	2	(	(	PUNCT
eistud-18147	43	3	2009	2009	NUM
eistud-18147	43	4	)	)	PUNCT
eistud-18147	43	5	defines	define	VERB
eistud-18147	43	6	two	two	NUM
eistud-18147	43	7	flows	flow	NOUN
eistud-18147	43	8	of	of	ADP
eistud-18147	43	9	the	the	DET
eistud-18147	43	10	financial	financial	ADJ
eistud-18147	43	11	resources	resource	NOUN
eistud-18147	43	12	between	between	ADP
eistud-18147	43	13	the	the	DET
eistud-18147	43	14	borrowers	borrower	NOUN
eistud-18147	43	15	and	and	CCONJ
eistud-18147	43	16	lenders	lender	NOUN
eistud-18147	43	17	:	:	PUNCT
eistud-18147	43	18	through	through	ADP
eistud-18147	43	19	the	the	DET
eistud-18147	43	20	financial	financial	ADJ
eistud-18147	43	21	markets	market	NOUN
eistud-18147	43	22	or	or	CCONJ
eistud-18147	43	23	direct	direct	ADJ
eistud-18147	43	24	finance	finance	NOUN
eistud-18147	43	25	and	and	CCONJ
eistud-18147	43	26	through	through	ADP
eistud-18147	43	27	the	the	DET
eistud-18147	43	28	financial	financial	ADJ
eistud-18147	43	29	intermediaries	intermediary	NOUN
eistud-18147	43	30	or	or	CCONJ
eistud-18147	43	31	indirect	indirect	ADJ
eistud-18147	43	32	finance	finance	NOUN
eistud-18147	43	33	.	.	PUNCT
eistud-18147	44	1	the	the	DET
eistud-18147	44	2	practice	practice	NOUN
eistud-18147	44	3	of	of	ADP
eistud-18147	44	4	dividing	divide	VERB
eistud-18147	44	5	market	market	NOUN
eistud-18147	44	6	and	and	CCONJ
eistud-18147	44	7	bank	bank	NOUN
eistud-18147	44	8	financing	financing	NOUN
eistud-18147	44	9	is	be	AUX
eistud-18147	44	10	used	use	VERB
eistud-18147	44	11	also	also	ADV
eistud-18147	44	12	to	to	PART
eistud-18147	44	13	characterize	characterize	VERB
eistud-18147	44	14	the	the	DET
eistud-18147	44	15	entire	entire	ADJ
eistud-18147	44	16	economy	economy	NOUN
eistud-18147	44	17	.	.	PUNCT
eistud-18147	45	1	in	in	ADP
eistud-18147	45	2	the	the	DET
eistud-18147	45	3	bank	bank	NOUN
eistud-18147	45	4	-	-	PUNCT
eistud-18147	45	5	based	base	VERB
eistud-18147	45	6	financial	financial	ADJ
eistud-18147	45	7	system	system	NOUN
eistud-18147	45	8	the	the	DET
eistud-18147	45	9	role	role	NOUN
eistud-18147	45	10	of	of	ADP
eistud-18147	45	11	the	the	DET
eistud-18147	45	12	banks	bank	NOUN
eistud-18147	45	13	is	be	AUX
eistud-18147	45	14	central	central	ADJ
eistud-18147	45	15	in	in	ADP
eistud-18147	45	16	redistributing	redistribute	VERB
eistud-18147	45	17	financial	financial	ADJ
eistud-18147	45	18	resources	resource	NOUN
eistud-18147	45	19	.	.	PUNCT
eistud-18147	46	1	on	on	ADP
eistud-18147	46	2	the	the	DET
eistud-18147	46	3	contrary	contrary	NOUN
eistud-18147	46	4	,	,	PUNCT
eistud-18147	46	5	in	in	ADP
eistud-18147	46	6	the	the	DET
eistud-18147	46	7	market	market	NOUN
eistud-18147	46	8	-	-	PUNCT
eistud-18147	46	9	based	base	VERB
eistud-18147	46	10	financial	financial	ADJ
eistud-18147	46	11	system	system	NOUN
eistud-18147	46	12	,	,	PUNCT
eistud-18147	46	13	securities	security	NOUN
eistud-18147	46	14	market	market	NOUN
eistud-18147	46	15	shares	share	VERB
eistud-18147	46	16	the	the	DET
eistud-18147	46	17	stage	stage	NOUN
eistud-18147	46	18	with	with	ADP
eistud-18147	46	19	the	the	DET
eistud-18147	46	20	banks	bank	NOUN
eistud-18147	46	21	in	in	ADP
eistud-18147	46	22	getting	get	VERB
eistud-18147	46	23	private	private	ADJ
eistud-18147	46	24	savings	saving	NOUN
eistud-18147	46	25	to	to	ADP
eistud-18147	46	26	companies	company	NOUN
eistud-18147	46	27	,	,	PUNCT
eistud-18147	46	28	applying	apply	VERB
eistud-18147	46	29	corporate	corporate	ADJ
eistud-18147	46	30	control	control	NOUN
eistud-18147	46	31	,	,	PUNCT
eistud-18147	46	32	and	and	CCONJ
eistud-18147	46	33	easing	ease	VERB
eistud-18147	46	34	risk	risk	NOUN
eistud-18147	46	35	management	management	NOUN
eistud-18147	46	36	(	(	PUNCT
eistud-18147	46	37	demirguc	demirguc	PROPN
eistud-18147	46	38	-	-	PUNCT
eistud-18147	46	39	kunt	kunt	PROPN
eistud-18147	46	40	and	and	CCONJ
eistud-18147	46	41	levine	levine	PROPN
eistud-18147	46	42	,	,	PUNCT
eistud-18147	46	43	1999	1999	NUM
eistud-18147	46	44	)	)	PUNCT
eistud-18147	46	45	.	.	PUNCT
eistud-18147	47	1	while	while	SCONJ
eistud-18147	47	2	corporate	corporate	ADJ
eistud-18147	47	3	sector	sector	NOUN
eistud-18147	47	4	forms	form	VERB
eistud-18147	47	5	the	the	DET
eistud-18147	47	6	base	base	NOUN
eistud-18147	47	7	of	of	ADP
eistud-18147	47	8	the	the	DET
eistud-18147	47	9	country	country	NOUN
eistud-18147	47	10	economy	economy	NOUN
eistud-18147	47	11	,	,	PUNCT
eistud-18147	47	12	an	an	DET
eistud-18147	47	13	influence	influence	NOUN
eistud-18147	47	14	of	of	ADP
eistud-18147	47	15	the	the	DET
eistud-18147	47	16	corporate	corporate	ADJ
eistud-18147	47	17	financing	financing	NOUN
eistud-18147	47	18	into	into	ADP
eistud-18147	47	19	the	the	DET
eistud-18147	47	20	entire	entire	ADJ
eistud-18147	47	21	economy	economy	NOUN
eistud-18147	47	22	is	be	AUX
eistud-18147	47	23	studied	study	VERB
eistud-18147	47	24	by	by	ADP
eistud-18147	47	25	dividing	divide	VERB
eistud-18147	47	26	the	the	DET
eistud-18147	47	27	economies	economy	NOUN
eistud-18147	47	28	into	into	ADP
eistud-18147	47	29	being	be	AUX
eistud-18147	47	30	based	base	VERB
eistud-18147	47	31	on	on	ADP
eistud-18147	47	32	bank	bank	NOUN
eistud-18147	47	33	financing	financing	NOUN
eistud-18147	47	34	and	and	CCONJ
eistud-18147	47	35	market	market	NOUN
eistud-18147	47	36	financing	financing	NOUN
eistud-18147	47	37	.	.	PUNCT
eistud-18147	48	1	studies	study	NOUN
eistud-18147	48	2	by	by	ADP
eistud-18147	48	3	levine	levine	PROPN
eistud-18147	48	4	(	(	PUNCT
eistud-18147	48	5	1997	1997	NUM
eistud-18147	48	6	,	,	PUNCT
eistud-18147	48	7	2002	2002	NUM
eistud-18147	48	8	)	)	PUNCT
eistud-18147	48	9	summarize	summarize	VERB
eistud-18147	48	10	academic	academic	ADJ
eistud-18147	48	11	views	view	NOUN
eistud-18147	48	12	by	by	ADP
eistud-18147	48	13	dividing	divide	VERB
eistud-18147	48	14	market	market	NOUN
eistud-18147	48	15	-	-	PUNCT
eistud-18147	48	16	based	base	VERB
eistud-18147	48	17	and	and	CCONJ
eistud-18147	48	18	bank	bank	NOUN
eistud-18147	48	19	-	-	PUNCT
eistud-18147	48	20	based	base	VERB
eistud-18147	48	21	approach	approach	NOUN
eistud-18147	48	22	:	:	PUNCT
eistud-18147	48	23	a	a	DET
eistud-18147	48	24	bankbased	bankbase	VERB
eistud-18147	48	25	view	view	NOUN
eistud-18147	48	26	:	:	PUNCT
eistud-18147	48	27	the	the	DET
eistud-18147	48	28	studies	study	NOUN
eistud-18147	48	29	of	of	ADP
eistud-18147	48	30	gerschenkron	gerschenkron	NOUN
eistud-18147	48	31	(	(	PUNCT
eistud-18147	48	32	1962	1962	NUM
eistud-18147	48	33	)	)	PUNCT
eistud-18147	48	34	,	,	PUNCT
eistud-18147	48	35	boot	boot	NOUN
eistud-18147	48	36	and	and	CCONJ
eistud-18147	48	37	thakor	thakor	NOUN
eistud-18147	48	38	(	(	PUNCT
eistud-18147	48	39	1997	1997	NUM
eistud-18147	48	40	)	)	PUNCT
eistud-18147	48	41	,	,	PUNCT
eistud-18147	48	42	boyd	boyd	PROPN
eistud-18147	48	43	and	and	CCONJ
eistud-18147	48	44	smith	smith	PROPN
eistud-18147	48	45	(	(	PUNCT
eistud-18147	48	46	1998	1998	NUM
eistud-18147	48	47	)	)	PUNCT
eistud-18147	48	48	,	,	PUNCT
eistud-18147	48	49	rajan	rajan	PROPN
eistud-18147	48	50	and	and	CCONJ
eistud-18147	48	51	zingales	zingales	PROPN
eistud-18147	48	52	(	(	PUNCT
eistud-18147	48	53	1999	1999	NUM
eistud-18147	48	54	)	)	PUNCT
eistud-18147	48	55	support	support	VERB
eistud-18147	48	56	the	the	DET
eistud-18147	48	57	view	view	NOUN
eistud-18147	48	58	that	that	SCONJ
eistud-18147	48	59	bank	bank	NOUN
eistud-18147	48	60	contribute	contribute	VERB
eistud-18147	48	61	more	more	ADV
eistud-18147	48	62	efficiently	efficiently	ADV
eistud-18147	48	63	to	to	ADP
eistud-18147	48	64	the	the	DET
eistud-18147	48	65	financial	financial	ADJ
eistud-18147	48	66	market	market	NOUN
eistud-18147	48	67	of	of	ADP
eistud-18147	48	68	the	the	DET
eistud-18147	48	69	developing	develop	VERB
eistud-18147	48	70	countries	country	NOUN
eistud-18147	48	71	.	.	PUNCT
eistud-18147	49	1	diamond	diamond	NOUN
eistud-18147	49	2	(	(	PUNCT
eistud-18147	49	3	1984	1984	NUM
eistud-18147	49	4	)	)	PUNCT
eistud-18147	49	5	points	point	NOUN
eistud-18147	49	6	to	to	ADP
eistud-18147	49	7	the	the	DET
eistud-18147	49	8	monitoring	monitoring	NOUN
eistud-18147	49	9	function	function	NOUN
eistud-18147	49	10	of	of	ADP
eistud-18147	49	11	banks	bank	NOUN
eistud-18147	49	12	thus	thus	ADV
eistud-18147	49	13	smoothening	smoothen	VERB
eistud-18147	49	14	the	the	DET
eistud-18147	49	15	risk	risk	NOUN
eistud-18147	49	16	;	;	PUNCT
eistud-18147	49	17	while	while	SCONJ
eistud-18147	49	18	benston	benston	NOUN
eistud-18147	49	19	and	and	CCONJ
eistud-18147	49	20	smith	smith	PROPN
eistud-18147	49	21	(	(	PUNCT
eistud-18147	49	22	1976	1976	NUM
eistud-18147	49	23	)	)	PUNCT
eistud-18147	49	24	to	to	ADP
eistud-18147	49	25	lowering	lower	VERB
eistud-18147	49	26	of	of	ADP
eistud-18147	49	27	transaction	transaction	NOUN
eistud-18147	49	28	costs	cost	NOUN
eistud-18147	49	29	of	of	ADP
eistud-18147	49	30	funds	fund	NOUN
eistud-18147	49	31	.	.	PUNCT
eistud-18147	50	1	moreover	moreover	ADV
eistud-18147	50	2	the	the	DET
eistud-18147	50	3	state	state	NOUN
eistud-18147	50	4	-	-	PUNCT
eistud-18147	50	5	owned	own	VERB
eistud-18147	50	6	banks	bank	NOUN
eistud-18147	50	7	will	will	AUX
eistud-18147	50	8	route	route	VERB
eistud-18147	50	9	the	the	DET
eistud-18147	50	10	money	money	NOUN
eistud-18147	50	11	flow	flow	NOUN
eistud-18147	50	12	to	to	ADP
eistud-18147	50	13	the	the	DET
eistud-18147	50	14	vital	vital	ADJ
eistud-18147	50	15	project	project	NOUN
eistud-18147	50	16	thus	thus	ADV
eistud-18147	50	17	developing	develop	VERB
eistud-18147	50	18	the	the	DET
eistud-18147	50	19	economy	economy	NOUN
eistud-18147	50	20	.	.	PUNCT
eistud-18147	51	1	the	the	DET
eistud-18147	51	2	study	study	NOUN
eistud-18147	51	3	of	of	ADP
eistud-18147	51	4	allen	allen	PROPN
eistud-18147	51	5	and	and	CCONJ
eistud-18147	51	6	gale	gale	PROPN
eistud-18147	51	7	(	(	PUNCT
eistud-18147	51	8	2001	2001	NUM
eistud-18147	51	9	)	)	PUNCT
eistud-18147	51	10	further	further	ADJ
eistud-18147	51	11	highlights	highlight	VERB
eistud-18147	51	12	the	the	DET
eistud-18147	51	13	role	role	NOUN
eistud-18147	51	14	of	of	ADP
eistud-18147	51	15	banks	bank	NOUN
eistud-18147	51	16	in	in	ADP
eistud-18147	51	17	the	the	DET
eistud-18147	51	18	early	early	ADJ
eistud-18147	51	19	stage	stage	NOUN
eistud-18147	51	20	of	of	ADP
eistud-18147	51	21	economic	economic	ADJ
eistud-18147	51	22	development	development	NOUN
eistud-18147	51	23	while	while	SCONJ
eistud-18147	51	24	the	the	DET
eistud-18147	51	25	sufficient	sufficient	ADJ
eistud-18147	51	26	legal	legal	ADJ
eistud-18147	51	27	and	and	CCONJ
eistud-18147	51	28	financial	financial	ADJ
eistud-18147	51	29	frameworks	framework	NOUN
eistud-18147	51	30	are	be	AUX
eistud-18147	51	31	not	not	PART
eistud-18147	51	32	in	in	ADP
eistud-18147	51	33	place	place	NOUN
eistud-18147	51	34	.	.	PUNCT
eistud-18147	52	1	fecht	fecht	VERB
eistud-18147	52	2	et	et	PROPN
eistud-18147	52	3	al	al	PROPN
eistud-18147	52	4	(	(	PUNCT
eistud-18147	52	5	2012	2012	NUM
eistud-18147	52	6	)	)	PUNCT
eistud-18147	52	7	stresses	stress	VERB
eistud-18147	52	8	that	that	SCONJ
eistud-18147	52	9	banks	bank	NOUN
eistud-18147	52	10	remain	remain	VERB
eistud-18147	52	11	at	at	ADP
eistud-18147	52	12	the	the	DET
eistud-18147	52	13	core	core	NOUN
eistud-18147	52	14	of	of	ADP
eistud-18147	52	15	financial	financial	ADJ
eistud-18147	52	16	system	system	NOUN
eistud-18147	52	17	and	and	CCONJ
eistud-18147	52	18	tend	tend	VERB
eistud-18147	52	19	to	to	PART
eistud-18147	52	20	be	be	AUX
eistud-18147	52	21	linked	link	VERB
eistud-18147	52	22	among	among	ADP
eistud-18147	52	23	each	each	DET
eistud-18147	52	24	other	other	ADJ
eistud-18147	52	25	via	via	ADP
eistud-18147	52	26	interbank	interbank	NOUN
eistud-18147	52	27	and	and	CCONJ
eistud-18147	52	28	other	other	ADJ
eistud-18147	52	29	relevant	relevant	ADJ
eistud-18147	52	30	tools	tool	NOUN
eistud-18147	52	31	.	.	PUNCT
eistud-18147	53	1	fecht	fecht	NOUN
eistud-18147	53	2	et	et	PROPN
eistud-18147	53	3	al	al	PROPN
eistud-18147	53	4	(	(	PUNCT
eistud-18147	53	5	2012	2012	NUM
eistud-18147	53	6	)	)	PUNCT
eistud-18147	53	7	finds	find	VERB
eistud-18147	53	8	that	that	SCONJ
eistud-18147	53	9	an	an	DET
eistud-18147	53	10	enhanced	enhanced	ADJ
eistud-18147	53	11	concentration	concentration	NOUN
eistud-18147	53	12	in	in	ADP
eistud-18147	53	13	lending	lending	NOUN
eistud-18147	53	14	does	do	AUX
eistud-18147	53	15	not	not	PART
eistud-18147	53	16	necessary	necessary	ADJ
eistud-18147	53	17	increase	increase	VERB
eistud-18147	53	18	risk	risk	NOUN
eistud-18147	53	19	since	since	SCONJ
eistud-18147	53	20	a	a	DET
eistud-18147	53	21	well	well	ADV
eistud-18147	53	22	-	-	PUNCT
eistud-18147	53	23	functioning	function	VERB
eistud-18147	53	24	interbank	interbank	NOUN
eistud-18147	53	25	market	market	NOUN
eistud-18147	53	26	allows	allow	VERB
eistud-18147	53	27	to	to	PART
eistud-18147	53	28	achieve	achieve	VERB
eistud-18147	53	29	the	the	DET
eistud-18147	53	30	necessary	necessary	ADJ
eistud-18147	53	31	diversification	diversification	NOUN
eistud-18147	53	32	.	.	PUNCT
eistud-18147	54	1	b	b	X
eistud-18147	54	2	market	market	NOUN
eistud-18147	54	3	-	-	PUNCT
eistud-18147	54	4	based	base	VERB
eistud-18147	54	5	view	view	NOUN
eistud-18147	54	6	:	:	PUNCT
eistud-18147	54	7	the	the	DET
eistud-18147	54	8	studies	study	NOUN
eistud-18147	54	9	by	by	ADP
eistud-18147	54	10	allen	allen	NOUN
eistud-18147	54	11	and	and	CCONJ
eistud-18147	54	12	gale	gale	PROPN
eistud-18147	54	13	(	(	PUNCT
eistud-18147	54	14	2001	2001	NUM
eistud-18147	54	15	)	)	PUNCT
eistud-18147	54	16	,	,	PUNCT
eistud-18147	54	17	fujita	fujita	PROPN
eistud-18147	54	18	(	(	PUNCT
eistud-18147	54	19	2000	2000	NUM
eistud-18147	54	20	)	)	PUNCT
eistud-18147	54	21	and	and	CCONJ
eistud-18147	54	22	levine	levine	PROPN
eistud-18147	54	23	(	(	PUNCT
eistud-18147	54	24	2002	2002	NUM
eistud-18147	54	25	)	)	PUNCT
eistud-18147	54	26	reveal	reveal	VERB
eistud-18147	54	27	that	that	SCONJ
eistud-18147	54	28	market	market	NOUN
eistud-18147	54	29	fund	fund	NOUN
eistud-18147	54	30	gathering	gathering	NOUN
eistud-18147	54	31	adds	add	VERB
eistud-18147	54	32	competition	competition	NOUN
eistud-18147	54	33	and	and	CCONJ
eistud-18147	54	34	thus	thus	ADV
eistud-18147	54	35	efficiency	efficiency	NOUN
eistud-18147	54	36	and	and	CCONJ
eistud-18147	54	37	diversification	diversification	NOUN
eistud-18147	54	38	to	to	ADP
eistud-18147	54	39	the	the	DET
eistud-18147	54	40	process	process	NOUN
eistud-18147	54	41	.	.	PUNCT
eistud-18147	55	1	moreover	moreover	ADV
eistud-18147	55	2	the	the	DET
eistud-18147	55	3	study	study	NOUN
eistud-18147	55	4	of	of	ADP
eistud-18147	55	5	la	la	PROPN
eistud-18147	55	6	porta	porta	X
eistud-18147	55	7	et	et	PROPN
eistud-18147	55	8	al	al	PROPN
eistud-18147	55	9	(	(	PUNCT
eistud-18147	55	10	2001	2001	NUM
eistud-18147	55	11	)	)	PUNCT
eistud-18147	55	12	shows	show	VERB
eistud-18147	55	13	that	that	SCONJ
eistud-18147	55	14	that	that	SCONJ
eistud-18147	55	15	state	state	NOUN
eistud-18147	55	16	-	-	PUNCT
eistud-18147	55	17	owned	own	VERB
eistud-18147	55	18	banks	bank	NOUN
eistud-18147	55	19	are	be	AUX
eistud-18147	55	20	more	more	ADV
eistud-18147	55	21	oriented	oriented	ADJ
eistud-18147	55	22	on	on	ADP
eistud-18147	55	23	achieving	achieve	VERB
eistud-18147	55	24	political	political	ADJ
eistud-18147	55	25	goals	goal	NOUN
eistud-18147	55	26	thus	thus	ADV
eistud-18147	55	27	resulting	result	VERB
eistud-18147	55	28	in	in	ADP
eistud-18147	55	29	inefficient	inefficient	ADJ
eistud-18147	55	30	resource	resource	NOUN
eistud-18147	55	31	allocation	allocation	NOUN
eistud-18147	55	32	.	.	PUNCT
eistud-18147	56	1	peterson	peterson	NOUN
eistud-18147	56	2	(	(	PUNCT
eistud-18147	56	3	2003	2003	NUM
eistud-18147	56	4	)	)	PUNCT
eistud-18147	56	5	stresses	stress	VERB
eistud-18147	56	6	that	that	SCONJ
eistud-18147	56	7	bonds	bond	NOUN
eistud-18147	56	8	have	have	VERB
eistud-18147	56	9	more	more	ADJ
eistud-18147	56	10	ways	way	NOUN
eistud-18147	56	11	to	to	PART
eistud-18147	56	12	tap	tap	VERB
eistud-18147	56	13	institutional	institutional	ADJ
eistud-18147	56	14	and	and	CCONJ
eistud-18147	56	15	household	household	NOUN
eistud-18147	56	16	longterm	longterm	NOUN
eistud-18147	56	17	savings	saving	NOUN
eistud-18147	56	18	.	.	PUNCT
eistud-18147	57	1	additionally	additionally	ADV
eistud-18147	57	2	levine	levine	PROPN
eistud-18147	57	3	(	(	PUNCT
eistud-18147	57	4	2002	2002	NUM
eistud-18147	57	5	)	)	PUNCT
eistud-18147	57	6	adds	add	VERB
eistud-18147	57	7	financial	financial	ADJ
eistud-18147	57	8	services	service	NOUN
eistud-18147	57	9	and	and	CCONJ
eistud-18147	57	10	legal	legal	ADJ
eistud-18147	57	11	-	-	PUNCT
eistud-18147	57	12	based	base	VERB
eistud-18147	57	13	views	view	NOUN
eistud-18147	57	14	,	,	PUNCT
eistud-18147	57	15	which	which	PRON
eistud-18147	57	16	reveal	reveal	VERB
eistud-18147	57	17	the	the	DET
eistud-18147	57	18	importance	importance	NOUN
eistud-18147	57	19	of	of	ADP
eistud-18147	57	20	financial	financial	ADJ
eistud-18147	57	21	sector	sector	NOUN
eistud-18147	57	22	as	as	ADP
eistud-18147	57	23	suchnot	suchnot	NOUN
eistud-18147	57	24	stressing	stress	VERB
eistud-18147	57	25	the	the	DET
eistud-18147	57	26	dominating	dominating	NOUN
eistud-18147	57	27	role	role	NOUN
eistud-18147	57	28	of	of	ADP
eistud-18147	57	29	banks	bank	NOUN
eistud-18147	57	30	or	or	CCONJ
eistud-18147	57	31	financial	financial	ADJ
eistud-18147	57	32	markets	market	NOUN
eistud-18147	57	33	but	but	CCONJ
eistud-18147	57	34	their	their	PRON
eistud-18147	57	35	cooperation	cooperation	NOUN
eistud-18147	57	36	;	;	PUNCT
eistud-18147	57	37	and	and	CCONJ
eistud-18147	57	38	the	the	DET
eistud-18147	57	39	importance	importance	NOUN
eistud-18147	57	40	of	of	ADP
eistud-18147	57	41	legal	legal	ADJ
eistud-18147	57	42	framework	framework	NOUN
eistud-18147	57	43	respectively	respectively	ADV
eistud-18147	57	44	.	.	PUNCT
eistud-18147	58	1	the	the	DET
eistud-18147	58	2	study	study	NOUN
eistud-18147	58	3	supports	support	VERB
eistud-18147	58	4	no	no	DET
eistud-18147	58	5	direct	direct	ADJ
eistud-18147	58	6	evidence	evidence	NOUN
eistud-18147	58	7	of	of	ADP
eistud-18147	58	8	either	either	DET
eistud-18147	58	9	market	market	NOUN
eistud-18147	58	10	of	of	ADP
eistud-18147	58	11	bank	bank	NOUN
eistud-18147	58	12	based	base	VERB
eistud-18147	58	13	economy	economy	NOUN
eistud-18147	58	14	being	be	AUX
eistud-18147	58	15	more	more	ADV
eistud-18147	58	16	efficient	efficient	ADJ
eistud-18147	58	17	,	,	PUNCT
eistud-18147	58	18	while	while	SCONJ
eistud-18147	58	19	stressing	stress	VERB
eistud-18147	58	20	the	the	DET
eistud-18147	58	21	dependence	dependence	NOUN
eistud-18147	58	22	of	of	ADP
eistud-18147	58	23	the	the	DET
eistud-18147	58	24	financial	financial	ADJ
eistud-18147	58	25	sector	sector	NOUN
eistud-18147	58	26	development	development	NOUN
eistud-18147	58	27	on	on	ADP
eistud-18147	58	28	the	the	DET
eistud-18147	58	29	level	level	NOUN
eistud-18147	58	30	of	of	ADP
eistud-18147	58	31	development	development	NOUN
eistud-18147	58	32	of	of	ADP
eistud-18147	58	33	the	the	DET
eistud-18147	58	34	legal	legal	ADJ
eistud-18147	58	35	system	system	NOUN
eistud-18147	58	36	.	.	PUNCT
eistud-18147	59	1	moreover	moreover	ADV
eistud-18147	59	2	the	the	DET
eistud-18147	59	3	better	well	ADV
eistud-18147	59	4	developed	develop	VERB
eistud-18147	59	5	financial	financial	ADJ
eistud-18147	59	6	sector	sector	NOUN
eistud-18147	59	7	influence	influence	NOUN
eistud-18147	59	8	the	the	DET
eistud-18147	59	9	economic	economic	ADJ
eistud-18147	59	10	growth	growth	NOUN
eistud-18147	59	11	while	while	SCONJ
eistud-18147	59	12	the	the	DET
eistud-18147	59	13	source	source	NOUN
eistud-18147	59	14	of	of	ADP
eistud-18147	59	15	financing	financing	NOUN
eistud-18147	59	16	bank	bank	NOUN
eistud-18147	59	17	or	or	CCONJ
eistud-18147	59	18	market	market	NOUN
eistud-18147	59	19	is	be	AUX
eistud-18147	59	20	relatively	relatively	ADV
eistud-18147	59	21	unimportant	unimportant	ADJ
eistud-18147	59	22	.	.	PUNCT
eistud-18147	60	1	the	the	DET
eistud-18147	60	2	importance	importance	NOUN
eistud-18147	60	3	of	of	ADP
eistud-18147	60	4	the	the	DET
eistud-18147	60	5	legal	legal	ADJ
eistud-18147	60	6	base	base	NOUN
eistud-18147	60	7	and	and	CCONJ
eistud-18147	60	8	law	law	NOUN
eistud-18147	60	9	protection	protection	NOUN
eistud-18147	60	10	as	as	ADP
eistud-18147	60	11	the	the	DET
eistud-18147	60	12	central	central	NOUN
eistud-18147	60	13	in	in	ADP
eistud-18147	60	14	the	the	DET
eistud-18147	60	15	choice	choice	NOUN
eistud-18147	60	16	for	for	ADP
eistud-18147	60	17	source	source	NOUN
eistud-18147	60	18	of	of	ADP
eistud-18147	60	19	financing	financing	NOUN
eistud-18147	60	20	is	be	AUX
eistud-18147	60	21	also	also	ADV
eistud-18147	60	22	stressed	stress	VERB
eistud-18147	60	23	by	by	ADP
eistud-18147	60	24	ergunor	ergunor	NOUN
eistud-18147	60	25	(	(	PUNCT
eistud-18147	60	26	2003	2003	NUM
eistud-18147	60	27	)	)	PUNCT
eistud-18147	60	28	.	.	PUNCT
eistud-18147	61	1	bank	bank	NOUN
eistud-18147	61	2	as	as	ADP
eistud-18147	61	3	the	the	DET
eistud-18147	61	4	source	source	NOUN
eistud-18147	61	5	of	of	ADP
eistud-18147	61	6	financing	financing	NOUN
eistud-18147	61	7	is	be	AUX
eistud-18147	61	8	the	the	DET
eistud-18147	61	9	choice	choice	NOUN
eistud-18147	61	10	for	for	ADP
eistud-18147	61	11	civil	civil	ADJ
eistud-18147	61	12	-	-	PUNCT
eistud-18147	61	13	law	law	NOUN
eistud-18147	61	14	applied	apply	VERB
eistud-18147	61	15	countries	country	NOUN
eistud-18147	61	16	,	,	PUNCT
eistud-18147	61	17	where	where	SCONJ
eistud-18147	61	18	courts	court	NOUN
eistud-18147	61	19	literature	literature	NOUN
eistud-18147	61	20	review	review	PROPN
eistud-18147	61	21	113	113	NUM
eistud-18147	61	22	european	european	ADJ
eistud-18147	61	23	integrat	integrat	NOUN
eistud-18147	61	24	ion	ion	NOUN
eistud-18147	61	25	studies	study	NOUN
eistud-18147	61	26	2017/11	2017/11	NUM
eistud-18147	61	27	have	have	VERB
eistud-18147	61	28	less	less	ADJ
eistud-18147	61	29	flexibility	flexibility	NOUN
eistud-18147	61	30	in	in	ADP
eistud-18147	61	31	interpreting	interpret	VERB
eistud-18147	61	32	the	the	DET
eistud-18147	61	33	laws	law	NOUN
eistud-18147	61	34	and	and	CCONJ
eistud-18147	61	35	creating	create	VERB
eistud-18147	61	36	new	new	ADJ
eistud-18147	61	37	rules	rule	NOUN
eistud-18147	61	38	.	.	PUNCT
eistud-18147	62	1	whereas	whereas	SCONJ
eistud-18147	62	2	common	common	ADJ
eistud-18147	62	3	-	-	PUNCT
eistud-18147	62	4	law	law	NOUN
eistud-18147	62	5	courts	court	NOUN
eistud-18147	62	6	enforce	enforce	VERB
eistud-18147	62	7	laws	law	NOUN
eistud-18147	62	8	effectively	effectively	ADV
eistud-18147	62	9	,	,	PUNCT
eistud-18147	62	10	providing	provide	VERB
eistud-18147	62	11	them	they	PRON
eistud-18147	62	12	with	with	ADP
eistud-18147	62	13	more	more	ADV
eistud-18147	62	14	detailed	detailed	ADJ
eistud-18147	62	15	creditor	creditor	NOUN
eistud-18147	62	16	and	and	CCONJ
eistud-18147	62	17	shareholder	shareholder	NOUN
eistud-18147	62	18	protection	protection	NOUN
eistud-18147	62	19	laws	law	NOUN
eistud-18147	62	20	has	have	VERB
eistud-18147	62	21	a	a	DET
eistud-18147	62	22	greater	great	ADJ
eistud-18147	62	23	impact	impact	NOUN
eistud-18147	62	24	on	on	ADP
eistud-18147	62	25	the	the	DET
eistud-18147	62	26	development	development	NOUN
eistud-18147	62	27	of	of	ADP
eistud-18147	62	28	financial	financial	ADJ
eistud-18147	62	29	markets	market	NOUN
eistud-18147	62	30	compared	compare	VERB
eistud-18147	62	31	with	with	ADP
eistud-18147	62	32	civil	civil	ADJ
eistud-18147	62	33	-	-	PUNCT
eistud-18147	62	34	law	law	NOUN
eistud-18147	62	35	systems	system	NOUN
eistud-18147	62	36	.	.	PUNCT
eistud-18147	63	1	the	the	DET
eistud-18147	63	2	findings	finding	NOUN
eistud-18147	63	3	were	be	AUX
eistud-18147	63	4	extended	extend	VERB
eistud-18147	63	5	by	by	ADP
eistud-18147	63	6	the	the	DET
eistud-18147	63	7	research	research	NOUN
eistud-18147	63	8	of	of	ADP
eistud-18147	63	9	beck	beck	PROPN
eistud-18147	63	10	and	and	CCONJ
eistud-18147	63	11	levine	levine	PROPN
eistud-18147	63	12	(	(	PUNCT
eistud-18147	63	13	2002	2002	NUM
eistud-18147	63	14	)	)	PUNCT
eistud-18147	63	15	,	,	PUNCT
eistud-18147	63	16	which	which	PRON
eistud-18147	63	17	showed	show	VERB
eistud-18147	63	18	that	that	SCONJ
eistud-18147	63	19	the	the	DET
eistud-18147	63	20	reliance	reliance	NOUN
eistud-18147	63	21	on	on	ADP
eistud-18147	63	22	the	the	DET
eistud-18147	63	23	bank	bank	NOUN
eistud-18147	63	24	-	-	PUNCT
eistud-18147	63	25	based	base	VERB
eistud-18147	63	26	or	or	CCONJ
eistud-18147	63	27	market	market	NOUN
eistud-18147	63	28	-	-	PUNCT
eistud-18147	63	29	based	base	VERB
eistud-18147	63	30	capital	capital	NOUN
eistud-18147	63	31	system	system	NOUN
eistud-18147	63	32	does	do	AUX
eistud-18147	63	33	not	not	PART
eistud-18147	63	34	make	make	VERB
eistud-18147	63	35	much	much	ADJ
eistud-18147	63	36	difference	difference	NOUN
eistud-18147	63	37	,	,	PUNCT
eistud-18147	63	38	while	while	SCONJ
eistud-18147	63	39	the	the	DET
eistud-18147	63	40	efficient	efficient	ADJ
eistud-18147	63	41	legal	legal	ADJ
eistud-18147	63	42	system	system	NOUN
eistud-18147	63	43	and	and	CCONJ
eistud-18147	63	44	financial	financial	ADJ
eistud-18147	63	45	development	development	NOUN
eistud-18147	63	46	improve	improve	VERB
eistud-18147	63	47	industry	industry	NOUN
eistud-18147	63	48	growth	growth	NOUN
eistud-18147	63	49	,	,	PUNCT
eistud-18147	63	50	new	new	ADJ
eistud-18147	63	51	establishment	establishment	NOUN
eistud-18147	63	52	formation	formation	NOUN
eistud-18147	63	53	,	,	PUNCT
eistud-18147	63	54	and	and	CCONJ
eistud-18147	63	55	efficient	efficient	ADJ
eistud-18147	63	56	capital	capital	NOUN
eistud-18147	63	57	allocation	allocation	NOUN
eistud-18147	63	58	.	.	PUNCT
eistud-18147	64	1	peterson	peterson	PROPN
eistud-18147	64	2	(	(	PUNCT
eistud-18147	64	3	2003	2003	NUM
eistud-18147	64	4	)	)	PUNCT
eistud-18147	64	5	finds	find	VERB
eistud-18147	64	6	that	that	SCONJ
eistud-18147	64	7	there	there	PRON
eistud-18147	64	8	is	be	VERB
eistud-18147	64	9	no	no	DET
eistud-18147	64	10	one	one	NUM
eistud-18147	64	11	“	"	PUNCT
eistud-18147	64	12	right	right	ADJ
eistud-18147	64	13	”	"	PUNCT
eistud-18147	64	14	way	way	NOUN
eistud-18147	64	15	to	to	PART
eistud-18147	64	16	handle	handle	VERB
eistud-18147	64	17	financing	financing	NOUN
eistud-18147	64	18	on	on	ADP
eistud-18147	64	19	the	the	DET
eistud-18147	64	20	sample	sample	NOUN
eistud-18147	64	21	of	of	ADP
eistud-18147	64	22	sovereign	sovereign	ADJ
eistud-18147	64	23	bonds	bond	NOUN
eistud-18147	64	24	observed	observe	VERB
eistud-18147	64	25	,	,	PUNCT
eistud-18147	64	26	while	while	SCONJ
eistud-18147	64	27	stressing	stress	VERB
eistud-18147	64	28	that	that	SCONJ
eistud-18147	64	29	the	the	DET
eistud-18147	64	30	local	local	ADJ
eistud-18147	64	31	bond	bond	NOUN
eistud-18147	64	32	market	market	NOUN
eistud-18147	64	33	is	be	AUX
eistud-18147	64	34	a	a	DET
eistud-18147	64	35	more	more	ADV
eistud-18147	64	36	preferred	preferred	ADJ
eistud-18147	64	37	way	way	NOUN
eistud-18147	64	38	since	since	SCONJ
eistud-18147	64	39	the	the	DET
eistud-18147	64	40	public	public	ADJ
eistud-18147	64	41	monitoring	monitoring	NOUN
eistud-18147	64	42	and	and	CCONJ
eistud-18147	64	43	public	public	ADJ
eistud-18147	64	44	disclosure	disclosure	NOUN
eistud-18147	64	45	required	require	VERB
eistud-18147	64	46	for	for	ADP
eistud-18147	64	47	efficient	efficient	ADJ
eistud-18147	64	48	bond	bond	NOUN
eistud-18147	64	49	market	market	NOUN
eistud-18147	64	50	operation	operation	NOUN
eistud-18147	64	51	is	be	AUX
eistud-18147	64	52	higher	high	ADJ
eistud-18147	64	53	.	.	PUNCT
eistud-18147	65	1	most	most	ADJ
eistud-18147	65	2	of	of	ADP
eistud-18147	65	3	the	the	DET
eistud-18147	65	4	european	european	ADJ
eistud-18147	65	5	economies	economy	NOUN
eistud-18147	65	6	including	include	VERB
eistud-18147	65	7	germany	germany	PROPN
eistud-18147	65	8	are	be	AUX
eistud-18147	65	9	traditionally	traditionally	ADV
eistud-18147	65	10	bank	bank	NOUN
eistud-18147	65	11	-	-	PUNCT
eistud-18147	65	12	based	base	VERB
eistud-18147	65	13	,	,	PUNCT
eistud-18147	65	14	where	where	SCONJ
eistud-18147	65	15	usa	usa	PROPN
eistud-18147	65	16	and	and	CCONJ
eistud-18147	65	17	canada	canada	PROPN
eistud-18147	65	18	markets	market	NOUN
eistud-18147	65	19	are	be	AUX
eistud-18147	65	20	market	market	NOUN
eistud-18147	65	21	based	base	VERB
eistud-18147	65	22	(	(	PUNCT
eistud-18147	65	23	levine	levine	PROPN
eistud-18147	65	24	,	,	PUNCT
eistud-18147	65	25	2002	2002	NUM
eistud-18147	65	26	)	)	PUNCT
eistud-18147	65	27	.	.	PUNCT
eistud-18147	66	1	the	the	DET
eistud-18147	66	2	role	role	NOUN
eistud-18147	66	3	of	of	ADP
eistud-18147	66	4	banks	bank	NOUN
eistud-18147	66	5	is	be	AUX
eistud-18147	66	6	overemphasized	overemphasize	VERB
eistud-18147	66	7	in	in	ADP
eistud-18147	66	8	most	most	ADJ
eistud-18147	66	9	of	of	ADP
eistud-18147	66	10	the	the	DET
eistud-18147	66	11	european	european	ADJ
eistud-18147	66	12	economies	economy	NOUN
eistud-18147	66	13	thus	thus	ADV
eistud-18147	66	14	leaving	leave	VERB
eistud-18147	66	15	bond	bond	NOUN
eistud-18147	66	16	markets	market	NOUN
eistud-18147	66	17	as	as	ADV
eistud-18147	66	18	less	less	ADV
eistud-18147	66	19	developed	developed	ADJ
eistud-18147	66	20	.	.	PUNCT
eistud-18147	67	1	the	the	DET
eistud-18147	67	2	financial	financial	ADJ
eistud-18147	67	3	crisis	crisis	NOUN
eistud-18147	67	4	,	,	PUNCT
eistud-18147	67	5	which	which	PRON
eistud-18147	67	6	started	start	VERB
eistud-18147	67	7	in	in	ADP
eistud-18147	67	8	summer	summer	NOUN
eistud-18147	67	9	2007	2007	NUM
eistud-18147	67	10	in	in	ADP
eistud-18147	67	11	the	the	DET
eistud-18147	67	12	us	us	PROPN
eistud-18147	67	13	as	as	ADP
eistud-18147	67	14	the	the	DET
eistud-18147	67	15	first	first	ADJ
eistud-18147	67	16	wave	wave	NOUN
eistud-18147	67	17	and	and	CCONJ
eistud-18147	67	18	continued	continue	VERB
eistud-18147	67	19	in	in	ADP
eistud-18147	67	20	europe	europe	PROPN
eistud-18147	67	21	in	in	ADP
eistud-18147	67	22	mid-2010	mid-2010	NOUN
eistud-18147	67	23	as	as	ADP
eistud-18147	67	24	the	the	DET
eistud-18147	67	25	second	second	ADJ
eistud-18147	67	26	wave	wave	NOUN
eistud-18147	67	27	,	,	PUNCT
eistud-18147	67	28	has	have	AUX
eistud-18147	67	29	revealed	reveal	VERB
eistud-18147	67	30	the	the	DET
eistud-18147	67	31	scope	scope	NOUN
eistud-18147	67	32	of	of	ADP
eistud-18147	67	33	the	the	DET
eistud-18147	67	34	bank	bank	NOUN
eistud-18147	67	35	influence	influence	NOUN
eistud-18147	67	36	on	on	ADP
eistud-18147	67	37	the	the	DET
eistud-18147	67	38	economy	economy	NOUN
eistud-18147	67	39	(	(	PUNCT
eistud-18147	67	40	zaghini	zaghini	NOUN
eistud-18147	67	41	,	,	PUNCT
eistud-18147	67	42	2015	2015	NUM
eistud-18147	67	43	)	)	PUNCT
eistud-18147	67	44	.	.	PUNCT
eistud-18147	68	1	while	while	SCONJ
eistud-18147	68	2	starting	start	VERB
eistud-18147	68	3	on	on	ADP
eistud-18147	68	4	the	the	DET
eistud-18147	68	5	bank	bank	NOUN
eistud-18147	68	6	and	and	CCONJ
eistud-18147	68	7	interbank	interbank	NOUN
eistud-18147	68	8	level	level	NOUN
eistud-18147	68	9	initially	initially	ADV
eistud-18147	68	10	,	,	PUNCT
eistud-18147	68	11	the	the	DET
eistud-18147	68	12	crisis	crisis	NOUN
eistud-18147	68	13	through	through	ADP
eistud-18147	68	14	sovereign	sovereign	ADJ
eistud-18147	68	15	guarantees	guarantee	NOUN
eistud-18147	68	16	provided	provide	VERB
eistud-18147	68	17	to	to	ADP
eistud-18147	68	18	the	the	DET
eistud-18147	68	19	banks	bank	NOUN
eistud-18147	68	20	and	and	CCONJ
eistud-18147	68	21	ecb	ecb	PROPN
eistud-18147	68	22	interventions	intervention	NOUN
eistud-18147	68	23	,	,	PUNCT
eistud-18147	68	24	have	have	AUX
eistud-18147	68	25	shifted	shift	VERB
eistud-18147	68	26	the	the	DET
eistud-18147	68	27	risks	risk	NOUN
eistud-18147	68	28	on	on	ADP
eistud-18147	68	29	the	the	DET
eistud-18147	68	30	whole	whole	ADJ
eistud-18147	68	31	economy	economy	NOUN
eistud-18147	68	32	:	:	PUNCT
eistud-18147	68	33	e.g.	e.g.	ADV
eistud-18147	68	34	latvia	latvia	PROPN
eistud-18147	68	35	(	(	PUNCT
eistud-18147	68	36	european	european	PROPN
eistud-18147	68	37	commission	commission	PROPN
eistud-18147	68	38	,	,	PUNCT
eistud-18147	68	39	2012	2012	NUM
eistud-18147	68	40	)	)	PUNCT
eistud-18147	68	41	.	.	PUNCT
eistud-18147	69	1	while	while	SCONJ
eistud-18147	69	2	pre	pre	ADJ
eistud-18147	69	3	-	-	ADJ
eistud-18147	69	4	crisis	crisis	ADJ
eistud-18147	69	5	academic	academic	ADJ
eistud-18147	69	6	studies	study	NOUN
eistud-18147	69	7	emphasize	emphasize	VERB
eistud-18147	69	8	the	the	DET
eistud-18147	69	9	cost	cost	NOUN
eistud-18147	69	10	-	-	PUNCT
eistud-18147	69	11	effectiveness	effectiveness	NOUN
eistud-18147	69	12	and	and	CCONJ
eistud-18147	69	13	safety	safety	NOUN
eistud-18147	69	14	of	of	ADP
eistud-18147	69	15	bank	bank	NOUN
eistud-18147	69	16	-	-	PUNCT
eistud-18147	69	17	based	base	VERB
eistud-18147	69	18	financing	financing	NOUN
eistud-18147	69	19	due	due	ADP
eistud-18147	69	20	to	to	ADP
eistud-18147	69	21	higher	high	ADJ
eistud-18147	69	22	monitoring	monitoring	NOUN
eistud-18147	69	23	and	and	CCONJ
eistud-18147	69	24	control	control	NOUN
eistud-18147	69	25	function	function	NOUN
eistud-18147	69	26	performed	perform	VERB
eistud-18147	69	27	by	by	ADP
eistud-18147	69	28	the	the	DET
eistud-18147	69	29	banking	banking	NOUN
eistud-18147	69	30	sector	sector	NOUN
eistud-18147	69	31	versus	versus	ADP
eistud-18147	69	32	lower	low	ADJ
eistud-18147	69	33	control	control	NOUN
eistud-18147	69	34	from	from	ADP
eistud-18147	69	35	the	the	DET
eistud-18147	69	36	investor	investor	NOUN
eistud-18147	69	37	society	society	NOUN
eistud-18147	69	38	,	,	PUNCT
eistud-18147	69	39	the	the	DET
eistud-18147	69	40	shift	shift	NOUN
eistud-18147	69	41	in	in	ADP
eistud-18147	69	42	the	the	DET
eistud-18147	69	43	research	research	NOUN
eistud-18147	69	44	paradigm	paradigm	NOUN
eistud-18147	69	45	could	could	AUX
eistud-18147	69	46	be	be	AUX
eistud-18147	69	47	observed	observe	VERB
eistud-18147	69	48	in	in	ADP
eistud-18147	69	49	later	late	ADJ
eistud-18147	69	50	studies	study	NOUN
eistud-18147	69	51	with	with	ADP
eistud-18147	69	52	the	the	DET
eistud-18147	69	53	effectiveness	effectiveness	NOUN
eistud-18147	69	54	focus	focus	NOUN
eistud-18147	69	55	shifting	shift	VERB
eistud-18147	69	56	towards	towards	ADP
eistud-18147	69	57	us	we	PRON
eistud-18147	69	58	-	-	PUNCT
eistud-18147	69	59	employed	employ	VERB
eistud-18147	69	60	market	market	NOUN
eistud-18147	69	61	based	base	VERB
eistud-18147	69	62	system	system	NOUN
eistud-18147	69	63	.	.	PUNCT
eistud-18147	70	1	allen	allen	PROPN
eistud-18147	70	2	and	and	CCONJ
eistud-18147	70	3	gale	gale	PROPN
eistud-18147	70	4	(	(	PUNCT
eistud-18147	70	5	2001	2001	NUM
eistud-18147	70	6	)	)	PUNCT
eistud-18147	70	7	explained	explain	VERB
eistud-18147	70	8	the	the	DET
eistud-18147	70	9	shift	shift	NOUN
eistud-18147	70	10	by	by	ADP
eistud-18147	70	11	the	the	DET
eistud-18147	70	12	failure	failure	NOUN
eistud-18147	70	13	of	of	ADP
eistud-18147	70	14	government	government	NOUN
eistud-18147	70	15	interventions	intervention	NOUN
eistud-18147	70	16	and	and	CCONJ
eistud-18147	70	17	over	over	ADV
eistud-18147	70	18	-	-	PUNCT
eistud-18147	70	19	stressed	stress	VERB
eistud-18147	70	20	effectiveness	effectiveness	NOUN
eistud-18147	70	21	of	of	ADP
eistud-18147	70	22	the	the	DET
eistud-18147	70	23	financial	financial	ADJ
eistud-18147	70	24	marketsboth	marketsboth	NOUN
eistud-18147	70	25	left	leave	VERB
eistud-18147	70	26	no	no	DET
eistud-18147	70	27	doubts	doubt	NOUN
eistud-18147	70	28	that	that	SCONJ
eistud-18147	70	29	market	market	NOUN
eistud-18147	70	30	financing	financing	NOUN
eistud-18147	70	31	is	be	AUX
eistud-18147	70	32	more	more	ADV
eistud-18147	70	33	efficient	efficient	ADJ
eistud-18147	70	34	.	.	PUNCT
eistud-18147	71	1	the	the	DET
eistud-18147	71	2	post	post	ADJ
eistud-18147	71	3	-	-	ADJ
eistud-18147	71	4	crisis	crisis	ADJ
eistud-18147	71	5	academic	academic	ADJ
eistud-18147	71	6	research	research	NOUN
eistud-18147	71	7	instead	instead	ADV
eistud-18147	71	8	of	of	ADP
eistud-18147	71	9	traditional	traditional	ADJ
eistud-18147	71	10	bank	bank	NOUN
eistud-18147	71	11	-	-	PUNCT
eistud-18147	71	12	based	base	VERB
eistud-18147	71	13	versus	versus	ADP
eistud-18147	71	14	market	market	NOUN
eistud-18147	71	15	-	-	PUNCT
eistud-18147	71	16	based	base	VERB
eistud-18147	71	17	division	division	NOUN
eistud-18147	71	18	of	of	ADP
eistud-18147	71	19	financial	financial	ADJ
eistud-18147	71	20	systems	system	NOUN
eistud-18147	71	21	concentrate	concentrate	VERB
eistud-18147	71	22	on	on	ADP
eistud-18147	71	23	finding	find	VERB
eistud-18147	71	24	:	:	PUNCT
eistud-18147	71	25	1	1	NUM
eistud-18147	71	26	the	the	DET
eistud-18147	71	27	relationship	relationship	NOUN
eistud-18147	71	28	between	between	ADP
eistud-18147	71	29	the	the	DET
eistud-18147	71	30	crisis	crisis	NOUN
eistud-18147	71	31	effect	effect	NOUN
eistud-18147	71	32	and	and	CCONJ
eistud-18147	71	33	economic	economic	ADJ
eistud-18147	71	34	growth	growth	NOUN
eistud-18147	71	35	and	and	CCONJ
eistud-18147	71	36	the	the	DET
eistud-18147	71	37	type	type	NOUN
eistud-18147	71	38	of	of	ADP
eistud-18147	71	39	financial	financial	ADJ
eistud-18147	71	40	system	system	NOUN
eistud-18147	71	41	.	.	PUNCT
eistud-18147	72	1	when	when	SCONJ
eistud-18147	72	2	looking	look	VERB
eistud-18147	72	3	to	to	ADP
eistud-18147	72	4	the	the	DET
eistud-18147	72	5	bank	bank	NOUN
eistud-18147	72	6	-	-	PUNCT
eistud-18147	72	7	based	base	VERB
eistud-18147	72	8	financial	financial	ADJ
eistud-18147	72	9	systems	system	NOUN
eistud-18147	72	10	,	,	PUNCT
eistud-18147	72	11	the	the	DET
eistud-18147	72	12	research	research	NOUN
eistud-18147	72	13	by	by	ADP
eistud-18147	72	14	langfield	langfield	NOUN
eistud-18147	72	15	and	and	CCONJ
eistud-18147	72	16	pagano	pagano	NOUN
eistud-18147	72	17	(	(	PUNCT
eistud-18147	72	18	2016	2016	NUM
eistud-18147	72	19	)	)	PUNCT
eistud-18147	72	20	discovers	discover	VERB
eistud-18147	72	21	that	that	SCONJ
eistud-18147	72	22	bank	bank	NOUN
eistud-18147	72	23	-	-	PUNCT
eistud-18147	72	24	based	base	VERB
eistud-18147	72	25	financial	financial	ADJ
eistud-18147	72	26	structures	structure	NOUN
eistud-18147	72	27	are	be	AUX
eistud-18147	72	28	associated	associate	VERB
eistud-18147	72	29	with	with	ADP
eistud-18147	72	30	lower	low	ADJ
eistud-18147	72	31	economic	economic	ADJ
eistud-18147	72	32	growth	growth	NOUN
eistud-18147	72	33	,	,	PUNCT
eistud-18147	72	34	particularly	particularly	ADV
eistud-18147	72	35	when	when	SCONJ
eistud-18147	72	36	real	real	ADJ
eistud-18147	72	37	house	house	NOUN
eistud-18147	72	38	prices	price	NOUN
eistud-18147	72	39	drop	drop	VERB
eistud-18147	72	40	substantially	substantially	ADV
eistud-18147	72	41	.	.	PUNCT
eistud-18147	73	1	bending	bend	VERB
eistud-18147	73	2	et	et	PRON
eistud-18147	73	3	al	al	PROPN
eistud-18147	73	4	(	(	PUNCT
eistud-18147	73	5	2014	2014	NUM
eistud-18147	73	6	)	)	PUNCT
eistud-18147	73	7	states	state	VERB
eistud-18147	73	8	that	that	SCONJ
eistud-18147	73	9	while	while	SCONJ
eistud-18147	73	10	banking	banking	NOUN
eistud-18147	73	11	crises	crisis	NOUN
eistud-18147	73	12	causes	cause	VERB
eistud-18147	73	13	a	a	DET
eistud-18147	73	14	similar	similar	ADJ
eistud-18147	73	15	initial	initial	ADJ
eistud-18147	73	16	drop	drop	NOUN
eistud-18147	73	17	in	in	ADP
eistud-18147	73	18	investment	investment	NOUN
eistud-18147	73	19	on	on	ADP
eistud-18147	73	20	both	both	DET
eistud-18147	73	21	bank	bank	NOUN
eistud-18147	73	22	-	-	PUNCT
eistud-18147	73	23	based	base	VERB
eistud-18147	73	24	and	and	CCONJ
eistud-18147	73	25	market	market	NOUN
eistud-18147	73	26	-	-	PUNCT
eistud-18147	73	27	based	base	VERB
eistud-18147	73	28	systems	system	NOUN
eistud-18147	73	29	,	,	PUNCT
eistud-18147	73	30	the	the	DET
eistud-18147	73	31	recovery	recovery	NOUN
eistud-18147	73	32	is	be	AUX
eistud-18147	73	33	much	much	ADV
eistud-18147	73	34	slower	slow	ADJ
eistud-18147	73	35	in	in	ADP
eistud-18147	73	36	the	the	DET
eistud-18147	73	37	bank	bank	NOUN
eistud-18147	73	38	-	-	PUNCT
eistud-18147	73	39	based	base	VERB
eistud-18147	73	40	economies	economy	NOUN
eistud-18147	73	41	.	.	PUNCT
eistud-18147	74	1	the	the	DET
eistud-18147	74	2	latter	latter	ADJ
eistud-18147	74	3	is	be	AUX
eistud-18147	74	4	supported	support	VERB
eistud-18147	74	5	by	by	ADP
eistud-18147	74	6	allard	allard	PROPN
eistud-18147	74	7	and	and	CCONJ
eistud-18147	74	8	blavy	blavy	PROPN
eistud-18147	74	9	(	(	PUNCT
eistud-18147	74	10	2011	2011	NUM
eistud-18147	74	11	)	)	PUNCT
eistud-18147	74	12	;	;	PUNCT
eistud-18147	74	13	2	2	NUM
eistud-18147	74	14	quantitative	quantitative	ADJ
eistud-18147	74	15	easing	ease	VERB
eistud-18147	74	16	(	(	PUNCT
eistud-18147	74	17	qe	qe	NOUN
eistud-18147	74	18	)	)	PUNCT
eistud-18147	74	19	effect	effect	NOUN
eistud-18147	74	20	and	and	CCONJ
eistud-18147	74	21	financial	financial	ADJ
eistud-18147	74	22	system	system	NOUN
eistud-18147	74	23	.	.	PUNCT
eistud-18147	75	1	qe	qe	PROPN
eistud-18147	75	2	as	as	SCONJ
eistud-18147	75	3	performed	perform	VERB
eistud-18147	75	4	by	by	ADP
eistud-18147	75	5	the	the	DET
eistud-18147	75	6	central	central	ADJ
eistud-18147	75	7	banks	bank	NOUN
eistud-18147	75	8	increase	increase	VERB
eistud-18147	75	9	the	the	DET
eistud-18147	75	10	importance	importance	NOUN
eistud-18147	75	11	and	and	CCONJ
eistud-18147	75	12	activity	activity	NOUN
eistud-18147	75	13	of	of	ADP
eistud-18147	75	14	the	the	DET
eistud-18147	75	15	capital	capital	NOUN
eistud-18147	75	16	markets	market	NOUN
eistud-18147	75	17	.	.	PUNCT
eistud-18147	76	1	duca	duca	PROPN
eistud-18147	76	2	et	et	PROPN
eistud-18147	76	3	al	al	PROPN
eistud-18147	76	4	(	(	PUNCT
eistud-18147	76	5	2015	2015	NUM
eistud-18147	76	6	)	)	PUNCT
eistud-18147	76	7	highlights	highlight	NOUN
eistud-18147	76	8	that	that	DET
eistud-18147	76	9	issuance	issuance	NOUN
eistud-18147	76	10	in	in	ADP
eistud-18147	76	11	emerging	emerge	VERB
eistud-18147	76	12	markets	market	NOUN
eistud-18147	76	13	without	without	ADP
eistud-18147	76	14	qe	qe	PROPN
eistud-18147	76	15	would	would	AUX
eistud-18147	76	16	have	have	AUX
eistud-18147	76	17	been	be	AUX
eistud-18147	76	18	broadly	broadly	ADV
eistud-18147	76	19	half	half	NOUN
eistud-18147	76	20	of	of	ADP
eistud-18147	76	21	the	the	DET
eistud-18147	76	22	actual	actual	ADJ
eistud-18147	76	23	issuance	issuance	NOUN
eistud-18147	76	24	since	since	SCONJ
eistud-18147	76	25	2009	2009	NUM
eistud-18147	76	26	,	,	PUNCT
eistud-18147	76	27	where	where	SCONJ
eistud-18147	76	28	steeley	steeley	NOUN
eistud-18147	76	29	(	(	PUNCT
eistud-18147	76	30	2014	2014	NUM
eistud-18147	76	31	)	)	PUNCT
eistud-18147	76	32	finds	find	VERB
eistud-18147	76	33	that	that	SCONJ
eistud-18147	76	34	qe	qe	PROPN
eistud-18147	76	35	resulted	result	VERB
eistud-18147	76	36	in	in	ADP
eistud-18147	76	37	a	a	DET
eistud-18147	76	38	substantial	substantial	ADJ
eistud-18147	76	39	and	and	CCONJ
eistud-18147	76	40	statistically	statistically	ADV
eistud-18147	76	41	significant	significant	ADJ
eistud-18147	76	42	drop	drop	NOUN
eistud-18147	76	43	in	in	ADP
eistud-18147	76	44	the	the	DET
eistud-18147	76	45	costs	cost	NOUN
eistud-18147	76	46	of	of	ADP
eistud-18147	76	47	trading	trade	VERB
eistud-18147	76	48	uk	uk	PROPN
eistud-18147	76	49	gilts	gilt	NOUN
eistud-18147	76	50	;	;	PUNCT
eistud-18147	76	51	3	3	NUM
eistud-18147	76	52	an	an	DET
eistud-18147	76	53	alternative	alternative	ADJ
eistud-18147	76	54	classification	classification	NOUN
eistud-18147	76	55	of	of	ADP
eistud-18147	76	56	the	the	DET
eistud-18147	76	57	financial	financial	ADJ
eistud-18147	76	58	system	system	NOUN
eistud-18147	76	59	of	of	ADP
eistud-18147	76	60	a	a	DET
eistud-18147	76	61	country	country	NOUN
eistud-18147	76	62	.	.	PUNCT
eistud-18147	77	1	while	while	SCONJ
eistud-18147	77	2	banking	banking	NOUN
eistud-18147	77	3	and	and	CCONJ
eistud-18147	77	4	market	market	NOUN
eistud-18147	77	5	as	as	SCONJ
eistud-18147	77	6	the	the	DET
eistud-18147	77	7	sources	source	NOUN
eistud-18147	77	8	of	of	ADP
eistud-18147	77	9	financing	financing	NOUN
eistud-18147	77	10	are	be	AUX
eistud-18147	77	11	viewed	view	VERB
eistud-18147	77	12	as	as	ADP
eistud-18147	77	13	substitutes	substitute	NOUN
eistud-18147	77	14	by	by	ADP
eistud-18147	77	15	the	the	DET
eistud-18147	77	16	majority	majority	NOUN
eistud-18147	77	17	of	of	ADP
eistud-18147	77	18	authors	author	NOUN
eistud-18147	77	19	,	,	PUNCT
eistud-18147	77	20	hardie	hardie	PROPN
eistud-18147	77	21	et	et	PROPN
eistud-18147	77	22	al	al	PROPN
eistud-18147	77	23	(	(	PUNCT
eistud-18147	77	24	2013	2013	NUM
eistud-18147	77	25	)	)	PUNCT
eistud-18147	77	26	view	view	NOUN
eistud-18147	77	27	market	market	NOUN
eistud-18147	77	28	–	–	PUNCT
eistud-18147	77	29	based	base	VERB
eistud-18147	77	30	economy	economy	NOUN
eistud-18147	77	31	as	as	ADP
eistud-18147	77	32	the	the	DET
eistud-18147	77	33	way	way	NOUN
eistud-18147	77	34	to	to	PART
eistud-18147	77	35	disseminate	disseminate	VERB
eistud-18147	77	36	loans	loan	NOUN
eistud-18147	77	37	or	or	CCONJ
eistud-18147	77	38	market	market	NOUN
eistud-18147	77	39	-	-	PUNCT
eistud-18147	77	40	based	base	VERB
eistud-18147	77	41	banking	banking	NOUN
eistud-18147	77	42	.	.	PUNCT
eistud-18147	78	1	the	the	DET
eistud-18147	78	2	latter	latter	ADJ
eistud-18147	78	3	is	be	AUX
eistud-18147	78	4	characterised	characterise	VERB
eistud-18147	78	5	by	by	ADP
eistud-18147	78	6	four	four	NUM
eistud-18147	78	7	elements	element	NOUN
eistud-18147	78	8	:	:	PUNCT
eistud-18147	78	9	1	1	X
eistud-18147	78	10	)	)	PUNCT
eistud-18147	78	11	assets	asset	NOUN
eistud-18147	78	12	are	be	AUX
eistud-18147	78	13	valued	value	VERB
eistud-18147	78	14	at	at	ADP
eistud-18147	78	15	market	market	NOUN
eistud-18147	78	16	price	price	NOUN
eistud-18147	78	17	(	(	PUNCT
eistud-18147	78	18	“	"	PUNCT
eistud-18147	78	19	marked	mark	VERB
eistud-18147	78	20	to	to	ADP
eistud-18147	78	21	market	market	NOUN
eistud-18147	78	22	”	"	PUNCT
eistud-18147	78	23	)	)	PUNCT
eistud-18147	78	24	;	;	PUNCT
eistud-18147	78	25	2	2	X
eistud-18147	78	26	)	)	PUNCT
eistud-18147	78	27	bank	bank	NOUN
eistud-18147	78	28	lending	lending	NOUN
eistud-18147	78	29	is	be	AUX
eistud-18147	78	30	securitized	securitize	VERB
eistud-18147	78	31	or	or	CCONJ
eistud-18147	78	32	traded	trade	VERB
eistud-18147	78	33	;	;	PUNCT
eistud-18147	78	34	3	3	X
eistud-18147	78	35	)	)	PUNCT
eistud-18147	78	36	bank	bank	NOUN
eistud-18147	78	37	assets	asset	NOUN
eistud-18147	78	38	are	be	AUX
eistud-18147	78	39	sold	sell	VERB
eistud-18147	78	40	to	to	PART
eistud-18147	78	41	“	"	PUNCT
eistud-18147	78	42	shadow	shadow	VERB
eistud-18147	78	43	banks	bank	NOUN
eistud-18147	78	44	”	"	PUNCT
eistud-18147	78	45	;	;	PUNCT
eistud-18147	78	46	4	4	X
eistud-18147	78	47	)	)	PUNCT
eistud-18147	78	48	assets	asset	NOUN
eistud-18147	78	49	retained	retain	VERB
eistud-18147	78	50	on	on	ADP
eistud-18147	78	51	balance	balance	NOUN
eistud-18147	78	52	sheets	sheet	NOUN
eistud-18147	78	53	are	be	AUX
eistud-18147	78	54	financed	finance	VERB
eistud-18147	78	55	market	market	NOUN
eistud-18147	78	56	sources	source	NOUN
eistud-18147	78	57	.	.	PUNCT
eistud-18147	79	1	the	the	DET
eistud-18147	79	2	shift	shift	NOUN
eistud-18147	79	3	in	in	ADP
eistud-18147	79	4	bank	bank	NOUN
eistud-18147	79	5	-	-	PUNCT
eistud-18147	79	6	based	base	VERB
eistud-18147	79	7	and	and	CCONJ
eistud-18147	79	8	market	market	NOUN
eistud-18147	79	9	-	-	PUNCT
eistud-18147	79	10	based	base	VERB
eistud-18147	79	11	paradigm	paradigm	NOUN
eistud-18147	79	12	is	be	AUX
eistud-18147	79	13	stressed	stress	VERB
eistud-18147	79	14	by	by	ADP
eistud-18147	79	15	sawyer	sawyer	PROPN
eistud-18147	79	16	(	(	PUNCT
eistud-18147	79	17	2014	2014	NUM
eistud-18147	79	18	)	)	PUNCT
eistud-18147	79	19	,	,	PUNCT
eistud-18147	79	20	where	where	SCONJ
eistud-18147	79	21	the	the	DET
eistud-18147	79	22	banks	bank	NOUN
eistud-18147	79	23	are	be	AUX
eistud-18147	79	24	changing	change	VERB
eistud-18147	79	25	their	their	PRON
eistud-18147	79	26	role	role	NOUN
eistud-18147	79	27	from	from	ADP
eistud-18147	79	28	“	"	PUNCT
eistud-18147	79	29	originate	originate	VERB
eistud-18147	79	30	and	and	CCONJ
eistud-18147	79	31	retain	retain	VERB
eistud-18147	79	32	”	"	PUNCT
eistud-18147	79	33	to	to	PART
eistud-18147	79	34	“	"	PUNCT
eistud-18147	79	35	originate	originate	VERB
eistud-18147	79	36	and	and	CCONJ
eistud-18147	79	37	distribute	distribute	VERB
eistud-18147	79	38	”	"	PUNCT
eistud-18147	79	39	with	with	ADP
eistud-18147	79	40	more	more	ADJ
eistud-18147	79	41	involvement	involvement	NOUN
eistud-18147	79	42	in	in	ADP
eistud-18147	79	43	the	the	DET
eistud-18147	79	44	securities	security	NOUN
eistud-18147	79	45	market	market	NOUN
eistud-18147	79	46	.	.	PUNCT
eistud-18147	80	1	european	european	ADJ
eistud-18147	80	2	integrat	integrat	PROPN
eistud-18147	80	3	ion	ion	NOUN
eistud-18147	80	4	studies	study	NOUN
eistud-18147	80	5	2017/11	2017/11	NUM
eistud-18147	80	6	114	114	NUM
eistud-18147	80	7	while	while	SCONJ
eistud-18147	80	8	stressing	stress	VERB
eistud-18147	80	9	the	the	DET
eistud-18147	80	10	importance	importance	NOUN
eistud-18147	80	11	of	of	ADP
eistud-18147	80	12	market	market	NOUN
eistud-18147	80	13	-	-	PUNCT
eistud-18147	80	14	based	base	VERB
eistud-18147	80	15	economy	economy	NOUN
eistud-18147	80	16	,	,	PUNCT
eistud-18147	80	17	academic	academic	ADJ
eistud-18147	80	18	studies	study	NOUN
eistud-18147	80	19	rarely	rarely	ADV
eistud-18147	80	20	provide	provide	VERB
eistud-18147	80	21	solutions	solution	NOUN
eistud-18147	80	22	different	different	ADJ
eistud-18147	80	23	from	from	ADP
eistud-18147	80	24	the	the	DET
eistud-18147	80	25	ones	one	NOUN
eistud-18147	80	26	already	already	ADV
eistud-18147	80	27	in	in	ADP
eistud-18147	80	28	focus	focus	NOUN
eistud-18147	80	29	of	of	ADP
eistud-18147	80	30	the	the	DET
eistud-18147	80	31	cmu	cmu	NOUN
eistud-18147	80	32	:	:	PUNCT
eistud-18147	80	33	increased	increase	VERB
eistud-18147	80	34	regulation	regulation	NOUN
eistud-18147	80	35	,	,	PUNCT
eistud-18147	80	36	securitisation	securitisation	NOUN
eistud-18147	80	37	,	,	PUNCT
eistud-18147	80	38	cheaper	cheap	ADJ
eistud-18147	80	39	sme	sme	NOUN
eistud-18147	80	40	access	access	NOUN
eistud-18147	80	41	to	to	ADP
eistud-18147	80	42	capital	capital	NOUN
eistud-18147	80	43	markets	market	NOUN
eistud-18147	80	44	(	(	PUNCT
eistud-18147	80	45	(	(	PUNCT
eistud-18147	80	46	langfield	langfield	NOUN
eistud-18147	80	47	and	and	CCONJ
eistud-18147	80	48	pagano	pagano	NOUN
eistud-18147	80	49	,	,	PUNCT
eistud-18147	80	50	2016	2016	NUM
eistud-18147	80	51	)	)	PUNCT
eistud-18147	80	52	,	,	PUNCT
eistud-18147	80	53	(	(	PUNCT
eistud-18147	80	54	bending	bend	VERB
eistud-18147	80	55	et	et	PROPN
eistud-18147	80	56	al	al	PROPN
eistud-18147	80	57	,	,	PUNCT
eistud-18147	80	58	2014	2014	NUM
eistud-18147	80	59	)	)	PUNCT
eistud-18147	80	60	)	)	PUNCT
eistud-18147	80	61	.	.	PUNCT
eistud-18147	81	1	the	the	DET
eistud-18147	81	2	existing	exist	VERB
eistud-18147	81	3	focus	focus	NOUN
eistud-18147	81	4	on	on	ADP
eistud-18147	81	5	capital	capital	NOUN
eistud-18147	81	6	market	market	NOUN
eistud-18147	81	7	development	development	NOUN
eistud-18147	81	8	should	should	AUX
eistud-18147	81	9	not	not	PART
eistud-18147	81	10	shrink	shrink	VERB
eistud-18147	81	11	the	the	DET
eistud-18147	81	12	importance	importance	NOUN
eistud-18147	81	13	of	of	ADP
eistud-18147	81	14	symbiosis	symbiosis	NOUN
eistud-18147	81	15	of	of	ADP
eistud-18147	81	16	both	both	DET
eistud-18147	81	17	banking	banking	NOUN
eistud-18147	81	18	sector	sector	NOUN
eistud-18147	81	19	and	and	CCONJ
eistud-18147	81	20	capital	capital	NOUN
eistud-18147	81	21	markets	market	NOUN
eistud-18147	81	22	,	,	PUNCT
eistud-18147	81	23	where	where	SCONJ
eistud-18147	81	24	the	the	DET
eistud-18147	81	25	financing	financing	NOUN
eistud-18147	81	26	for	for	ADP
eistud-18147	81	27	some	some	DET
eistud-18147	81	28	groups	group	NOUN
eistud-18147	81	29	of	of	ADP
eistud-18147	81	30	the	the	DET
eistud-18147	81	31	potential	potential	ADJ
eistud-18147	81	32	borrowers	borrower	NOUN
eistud-18147	81	33	such	such	ADJ
eistud-18147	81	34	as	as	ADP
eistud-18147	81	35	small	small	ADJ
eistud-18147	81	36	size	size	NOUN
eistud-18147	81	37	companies	company	NOUN
eistud-18147	81	38	can	can	AUX
eistud-18147	81	39	be	be	AUX
eistud-18147	81	40	limited	limit	VERB
eistud-18147	81	41	by	by	ADP
eistud-18147	81	42	the	the	DET
eistud-18147	81	43	scope	scope	NOUN
eistud-18147	81	44	,	,	PUNCT
eistud-18147	81	45	for	for	ADP
eistud-18147	81	46	new	new	ADJ
eistud-18147	81	47	companies	company	NOUN
eistud-18147	81	48	–	–	PUNCT
eistud-18147	81	49	limited	limit	VERB
eistud-18147	81	50	by	by	ADP
eistud-18147	81	51	the	the	DET
eistud-18147	81	52	lack	lack	NOUN
eistud-18147	81	53	of	of	ADP
eistud-18147	81	54	credit	credit	NOUN
eistud-18147	81	55	and	and	CCONJ
eistud-18147	81	56	cash	cash	NOUN
eistud-18147	81	57	flow	flow	NOUN
eistud-18147	81	58	history	history	NOUN
eistud-18147	81	59	,	,	PUNCT
eistud-18147	81	60	etc	etc	X
eistud-18147	81	61	.	.	X
eistud-18147	82	1	the	the	DET
eistud-18147	82	2	presence	presence	NOUN
eistud-18147	82	3	of	of	ADP
eistud-18147	82	4	both	both	DET
eistud-18147	82	5	banking	banking	NOUN
eistud-18147	82	6	sector	sector	NOUN
eistud-18147	82	7	and	and	CCONJ
eistud-18147	82	8	capital	capital	NOUN
eistud-18147	82	9	market	market	NOUN
eistud-18147	82	10	is	be	AUX
eistud-18147	82	11	vital	vital	ADJ
eistud-18147	82	12	for	for	ADP
eistud-18147	82	13	the	the	DET
eistud-18147	82	14	country	country	NOUN
eistud-18147	82	15	.	.	PUNCT
eistud-18147	83	1	cmu	cmu	PROPN
eistud-18147	83	2	seeks	seek	VERB
eistud-18147	83	3	to	to	PART
eistud-18147	83	4	develop	develop	VERB
eistud-18147	83	5	wide	wide	ADJ
eistud-18147	83	6	range	range	NOUN
eistud-18147	83	7	of	of	ADP
eistud-18147	83	8	small	small	ADJ
eistud-18147	83	9	and	and	CCONJ
eistud-18147	83	10	medium	medium	ADJ
eistud-18147	83	11	enterprise	enterprise	NOUN
eistud-18147	83	12	(	(	PUNCT
eistud-18147	83	13	sme	sme	NOUN
eistud-18147	83	14	)	)	PUNCT
eistud-18147	83	15	capital	capital	NOUN
eistud-18147	83	16	needs	need	NOUN
eistud-18147	83	17	by	by	ADP
eistud-18147	83	18	the	the	DET
eistud-18147	83	19	action	action	NOUN
eistud-18147	83	20	plan	plan	NOUN
eistud-18147	83	21	introduced	introduce	VERB
eistud-18147	83	22	.	.	PUNCT
eistud-18147	84	1	cmu	cmu	PROPN
eistud-18147	84	2	introduction	introduction	NOUN
eistud-18147	84	3	is	be	AUX
eistud-18147	84	4	scheduled	schedule	VERB
eistud-18147	84	5	as	as	ADP
eistud-18147	84	6	an	an	DET
eistud-18147	84	7	action	action	NOUN
eistud-18147	84	8	plan	plan	NOUN
eistud-18147	84	9	with	with	ADP
eistud-18147	84	10	short	short	ADJ
eistud-18147	84	11	and	and	CCONJ
eistud-18147	84	12	medium	medium	ADJ
eistud-18147	84	13	term	term	NOUN
eistud-18147	84	14	focus	focus	NOUN
eistud-18147	84	15	and	and	CCONJ
eistud-18147	84	16	ambition	ambition	NOUN
eistud-18147	84	17	of	of	ADP
eistud-18147	84	18	regular	regular	ADJ
eistud-18147	84	19	revision	revision	NOUN
eistud-18147	84	20	and	and	CCONJ
eistud-18147	84	21	correction	correction	NOUN
eistud-18147	84	22	when	when	SCONJ
eistud-18147	84	23	needed	need	VERB
eistud-18147	84	24	.	.	PUNCT
eistud-18147	85	1	the	the	DET
eistud-18147	85	2	green	green	PROPN
eistud-18147	85	3	paper	paper	PROPN
eistud-18147	85	4	(	(	PUNCT
eistud-18147	85	5	european	european	PROPN
eistud-18147	85	6	commission	commission	PROPN
eistud-18147	85	7	,	,	PUNCT
eistud-18147	85	8	2015	2015	NUM
eistud-18147	85	9	)	)	PUNCT
eistud-18147	85	10	summarizes	summarize	VERB
eistud-18147	85	11	the	the	DET
eistud-18147	85	12	early	early	ADJ
eistud-18147	85	13	priorities	priority	NOUN
eistud-18147	85	14	of	of	ADP
eistud-18147	85	15	the	the	DET
eistud-18147	85	16	cmu	cmu	NOUN
eistud-18147	85	17	as	as	ADP
eistud-18147	85	18	:	:	PUNCT
eistud-18147	85	19	1	1	X
eistud-18147	85	20	)	)	PUNCT
eistud-18147	85	21	develop	develop	VERB
eistud-18147	85	22	proposals	proposal	NOUN
eistud-18147	85	23	to	to	PART
eistud-18147	85	24	encourage	encourage	VERB
eistud-18147	85	25	high	high	ADJ
eistud-18147	85	26	quality	quality	NOUN
eistud-18147	85	27	securitisation	securitisation	NOUN
eistud-18147	85	28	and	and	CCONJ
eistud-18147	85	29	free	free	ADJ
eistud-18147	85	30	up	up	ADP
eistud-18147	85	31	bank	bank	NOUN
eistud-18147	85	32	balance	balance	NOUN
eistud-18147	85	33	sheets	sheet	NOUN
eistud-18147	85	34	to	to	PART
eistud-18147	85	35	lend	lend	VERB
eistud-18147	85	36	;	;	PUNCT
eistud-18147	85	37	2	2	X
eistud-18147	85	38	)	)	PUNCT
eistud-18147	85	39	review	review	VERB
eistud-18147	85	40	the	the	DET
eistud-18147	85	41	prospectus	prospectus	NOUN
eistud-18147	85	42	directive	directive	NOUN
eistud-18147	85	43	to	to	PART
eistud-18147	85	44	make	make	VERB
eistud-18147	85	45	it	it	PRON
eistud-18147	85	46	easier	easy	ADJ
eistud-18147	85	47	for	for	SCONJ
eistud-18147	85	48	firms	firm	NOUN
eistud-18147	85	49	,	,	PUNCT
eistud-18147	85	50	particularly	particularly	ADV
eistud-18147	85	51	smaller	small	ADJ
eistud-18147	85	52	ones	one	NOUN
eistud-18147	85	53	,	,	PUNCT
eistud-18147	85	54	to	to	PART
eistud-18147	85	55	raise	raise	VERB
eistud-18147	85	56	funding	funding	NOUN
eistud-18147	85	57	and	and	CCONJ
eistud-18147	85	58	reach	reach	VERB
eistud-18147	85	59	investors	investor	NOUN
eistud-18147	85	60	cross	cross	VERB
eistud-18147	85	61	border	border	NOUN
eistud-18147	85	62	;	;	PUNCT
eistud-18147	85	63	3	3	X
eistud-18147	85	64	)	)	PUNCT
eistud-18147	85	65	start	start	VERB
eistud-18147	85	66	work	work	NOUN
eistud-18147	85	67	on	on	ADP
eistud-18147	85	68	improving	improve	VERB
eistud-18147	85	69	the	the	DET
eistud-18147	85	70	availability	availability	NOUN
eistud-18147	85	71	of	of	ADP
eistud-18147	85	72	credit	credit	NOUN
eistud-18147	85	73	information	information	NOUN
eistud-18147	85	74	on	on	ADP
eistud-18147	85	75	smes	sme	NOUN
eistud-18147	85	76	so	so	SCONJ
eistud-18147	85	77	that	that	SCONJ
eistud-18147	85	78	it	it	PRON
eistud-18147	85	79	is	be	AUX
eistud-18147	85	80	easier	easy	ADJ
eistud-18147	85	81	for	for	SCONJ
eistud-18147	85	82	investors	investor	NOUN
eistud-18147	85	83	to	to	PART
eistud-18147	85	84	invest	invest	VERB
eistud-18147	85	85	in	in	ADP
eistud-18147	85	86	them	they	PRON
eistud-18147	85	87	;	;	PUNCT
eistud-18147	85	88	4	4	X
eistud-18147	85	89	)	)	PUNCT
eistud-18147	85	90	work	work	NOUN
eistud-18147	85	91	with	with	ADP
eistud-18147	85	92	the	the	DET
eistud-18147	85	93	industry	industry	NOUN
eistud-18147	85	94	to	to	PART
eistud-18147	85	95	put	put	VERB
eistud-18147	85	96	into	into	ADP
eistud-18147	85	97	place	place	NOUN
eistud-18147	85	98	a	a	DET
eistud-18147	85	99	pan	pan	NOUN
eistud-18147	85	100	european	european	ADJ
eistud-18147	85	101	private	private	ADJ
eistud-18147	85	102	placement	placement	NOUN
eistud-18147	85	103	regime	regime	NOUN
eistud-18147	85	104	to	to	PART
eistud-18147	85	105	encourage	encourage	VERB
eistud-18147	85	106	direct	direct	ADJ
eistud-18147	85	107	investment	investment	NOUN
eistud-18147	85	108	into	into	ADP
eistud-18147	85	109	smaller	small	ADJ
eistud-18147	85	110	businesses	business	NOUN
eistud-18147	85	111	;	;	PUNCT
eistud-18147	85	112	and	and	CCONJ
eistud-18147	85	113	5	5	X
eistud-18147	85	114	)	)	PUNCT
eistud-18147	85	115	support	support	NOUN
eistud-18147	85	116	the	the	DET
eistud-18147	85	117	take	take	NOUN
eistud-18147	85	118	up	up	ADP
eistud-18147	85	119	of	of	ADP
eistud-18147	85	120	new	new	ADJ
eistud-18147	85	121	european	european	ADJ
eistud-18147	85	122	long	long	ADJ
eistud-18147	85	123	term	term	NOUN
eistud-18147	85	124	investment	investment	NOUN
eistud-18147	85	125	funds	fund	NOUN
eistud-18147	85	126	to	to	PART
eistud-18147	85	127	channel	channel	VERB
eistud-18147	85	128	investment	investment	NOUN
eistud-18147	85	129	in	in	ADP
eistud-18147	85	130	infrastructure	infrastructure	NOUN
eistud-18147	85	131	and	and	CCONJ
eistud-18147	85	132	other	other	ADJ
eistud-18147	85	133	long	long	ADJ
eistud-18147	85	134	term	term	NOUN
eistud-18147	85	135	projects	project	NOUN
eistud-18147	85	136	.	.	PUNCT
eistud-18147	86	1	the	the	DET
eistud-18147	86	2	scope	scope	NOUN
eistud-18147	86	3	of	of	ADP
eistud-18147	86	4	the	the	DET
eistud-18147	86	5	cmu	cmu	PROPN
eistud-18147	86	6	action	action	NOUN
eistud-18147	86	7	plan	plan	NOUN
eistud-18147	86	8	on	on	ADP
eistud-18147	86	9	the	the	DET
eistud-18147	86	10	money	money	NOUN
eistud-18147	86	11	demand	demand	NOUN
eistud-18147	86	12	side	side	NOUN
eistud-18147	86	13	includes	include	VERB
eistud-18147	86	14	wide	wide	ADJ
eistud-18147	86	15	range	range	NOUN
eistud-18147	86	16	of	of	ADP
eistud-18147	86	17	corporates	corporate	NOUN
eistud-18147	86	18	from	from	ADP
eistud-18147	86	19	the	the	DET
eistud-18147	86	20	start	start	VERB
eistud-18147	86	21	-	-	PUNCT
eistud-18147	86	22	up	up	ADP
eistud-18147	86	23	phase	phase	NOUN
eistud-18147	86	24	to	to	ADP
eistud-18147	86	25	large	large	ADJ
eistud-18147	86	26	and	and	CCONJ
eistud-18147	86	27	stable	stable	ADJ
eistud-18147	86	28	government	government	NOUN
eistud-18147	86	29	institutions	institution	NOUN
eistud-18147	86	30	.	.	PUNCT
eistud-18147	87	1	the	the	DET
eistud-18147	87	2	role	role	NOUN
eistud-18147	87	3	of	of	ADP
eistud-18147	87	4	the	the	DET
eistud-18147	87	5	corporate	corporate	ADJ
eistud-18147	87	6	bond	bond	NOUN
eistud-18147	87	7	market	market	NOUN
eistud-18147	87	8	is	be	AUX
eistud-18147	87	9	stated	state	VERB
eistud-18147	87	10	as	as	ADP
eistud-18147	87	11	one	one	NUM
eistud-18147	87	12	of	of	ADP
eistud-18147	87	13	the	the	DET
eistud-18147	87	14	key	key	ADJ
eistud-18147	87	15	objective	objective	NOUN
eistud-18147	87	16	.	.	PUNCT
eistud-18147	88	1	while	while	SCONJ
eistud-18147	88	2	latvian	latvian	ADJ
eistud-18147	88	3	corporate	corporate	ADJ
eistud-18147	88	4	bond	bond	NOUN
eistud-18147	88	5	market	market	NOUN
eistud-18147	88	6	is	be	AUX
eistud-18147	88	7	the	the	DET
eistud-18147	88	8	biggest	big	ADJ
eistud-18147	88	9	on	on	ADP
eistud-18147	88	10	the	the	DET
eistud-18147	88	11	baltic	baltic	ADJ
eistud-18147	88	12	level	level	NOUN
eistud-18147	88	13	,	,	PUNCT
eistud-18147	88	14	its	its	PRON
eistud-18147	88	15	perspective	perspective	NOUN
eistud-18147	88	16	and	and	CCONJ
eistud-18147	88	17	area	area	NOUN
eistud-18147	88	18	of	of	ADP
eistud-18147	88	19	development	development	NOUN
eistud-18147	88	20	within	within	ADP
eistud-18147	88	21	cmu	cmu	PROPN
eistud-18147	88	22	should	should	AUX
eistud-18147	88	23	be	be	AUX
eistud-18147	88	24	identified	identify	VERB
eistud-18147	88	25	.	.	PUNCT
eistud-18147	89	1	latvian	latvian	ADJ
eistud-18147	89	2	financial	financial	ADJ
eistud-18147	89	3	system	system	NOUN
eistud-18147	89	4	is	be	AUX
eistud-18147	89	5	characterised	characterise	VERB
eistud-18147	89	6	as	as	SCONJ
eistud-18147	89	7	bank	bank	NOUN
eistud-18147	89	8	-	-	PUNCT
eistud-18147	89	9	based	base	VERB
eistud-18147	89	10	by	by	ADP
eistud-18147	89	11	bending	bend	VERB
eistud-18147	89	12	et	et	PRON
eistud-18147	89	13	al	al	PROPN
eistud-18147	89	14	(	(	PUNCT
eistud-18147	89	15	2014	2014	NUM
eistud-18147	89	16	)	)	PUNCT
eistud-18147	89	17	.	.	PUNCT
eistud-18147	90	1	the	the	DET
eistud-18147	90	2	study	study	NOUN
eistud-18147	90	3	looks	look	VERB
eistud-18147	90	4	for	for	ADP
eistud-18147	90	5	both	both	DET
eistud-18147	90	6	presence	presence	NOUN
eistud-18147	90	7	of	of	ADP
eistud-18147	90	8	loans	loan	NOUN
eistud-18147	90	9	available	available	ADJ
eistud-18147	90	10	for	for	ADP
eistud-18147	90	11	non	non	ADJ
eistud-18147	90	12	-	-	ADJ
eistud-18147	90	13	financial	financial	ADJ
eistud-18147	90	14	companies	company	NOUN
eistud-18147	90	15	(	(	PUNCT
eistud-18147	90	16	nfc	nfc	NOUN
eistud-18147	90	17	)	)	PUNCT
eistud-18147	90	18	and	and	CCONJ
eistud-18147	90	19	capital	capital	NOUN
eistud-18147	90	20	market	market	NOUN
eistud-18147	90	21	size	size	NOUN
eistud-18147	90	22	indicators	indicator	NOUN
eistud-18147	90	23	and	and	CCONJ
eistud-18147	90	24	as	as	SCONJ
eistud-18147	90	25	the	the	DET
eistud-18147	90	26	result	result	NOUN
eistud-18147	90	27	clusters	cluster	VERB
eistud-18147	90	28	the	the	DET
eistud-18147	90	29	eu	eu	PROPN
eistud-18147	90	30	countries	country	NOUN
eistud-18147	90	31	into	into	ADP
eistud-18147	90	32	4	4	NUM
eistud-18147	90	33	group	group	NOUN
eistud-18147	90	34	:	:	PUNCT
eistud-18147	90	35	methodology	methodology	NOUN
eistud-18147	90	36	1	1	NUM
eistud-18147	90	37	)	)	PUNCT
eistud-18147	90	38	countries	country	NOUN
eistud-18147	90	39	with	with	ADP
eistud-18147	90	40	both	both	CCONJ
eistud-18147	90	41	large	large	ADJ
eistud-18147	90	42	banking	banking	NOUN
eistud-18147	90	43	sectors	sector	NOUN
eistud-18147	90	44	and	and	CCONJ
eistud-18147	90	45	well	well	ADV
eistud-18147	90	46	-	-	PUNCT
eistud-18147	90	47	developed	develop	VERB
eistud-18147	90	48	capital	capital	NOUN
eistud-18147	90	49	markets	market	NOUN
eistud-18147	90	50	:	:	PUNCT
eistud-18147	90	51	austria	austria	PROPN
eistud-18147	90	52	,	,	PUNCT
eistud-18147	90	53	denmark	denmark	PROPN
eistud-18147	90	54	,	,	PUNCT
eistud-18147	90	55	luxembourg	luxembourg	PROPN
eistud-18147	90	56	,	,	PUNCT
eistud-18147	90	57	spain	spain	PROPN
eistud-18147	90	58	,	,	PUNCT
eistud-18147	90	59	sweden	sweden	PROPN
eistud-18147	90	60	,	,	PUNCT
eistud-18147	90	61	the	the	DET
eistud-18147	90	62	united	united	ADJ
eistud-18147	90	63	kingdom	kingdom	NOUN
eistud-18147	90	64	;	;	PUNCT
eistud-18147	90	65	2	2	X
eistud-18147	90	66	)	)	PUNCT
eistud-18147	90	67	countries	country	NOUN
eistud-18147	90	68	in	in	ADP
eistud-18147	90	69	which	which	PRON
eistud-18147	90	70	banking	banking	NOUN
eistud-18147	90	71	plays	play	VERB
eistud-18147	90	72	a	a	DET
eistud-18147	90	73	large	large	ADJ
eistud-18147	90	74	role	role	NOUN
eistud-18147	90	75	,	,	PUNCT
eistud-18147	90	76	and	and	CCONJ
eistud-18147	90	77	capital	capital	NOUN
eistud-18147	90	78	markets	market	NOUN
eistud-18147	90	79	a	a	DET
eistud-18147	90	80	lesser	less	ADJ
eistud-18147	90	81	role	role	NOUN
eistud-18147	90	82	:	:	PUNCT
eistud-18147	90	83	cyprus	cyprus	PROPN
eistud-18147	90	84	,	,	PUNCT
eistud-18147	90	85	estonia	estonia	PROPN
eistud-18147	90	86	,	,	PUNCT
eistud-18147	90	87	greece	greece	PROPN
eistud-18147	90	88	,	,	PUNCT
eistud-18147	90	89	ireland	ireland	PROPN
eistud-18147	90	90	,	,	PUNCT
eistud-18147	90	91	italy	italy	PROPN
eistud-18147	90	92	,	,	PUNCT
eistud-18147	90	93	malta	malta	PROPN
eistud-18147	90	94	,	,	PUNCT
eistud-18147	90	95	portugal	portugal	PROPN
eistud-18147	90	96	;	;	PUNCT
eistud-18147	90	97	3	3	X
eistud-18147	90	98	)	)	PUNCT
eistud-18147	90	99	countries	country	NOUN
eistud-18147	90	100	with	with	ADP
eistud-18147	90	101	well	well	ADV
eistud-18147	90	102	-	-	PUNCT
eistud-18147	90	103	developed	develop	VERB
eistud-18147	90	104	capital	capital	NOUN
eistud-18147	90	105	markets	market	NOUN
eistud-18147	90	106	in	in	ADP
eistud-18147	90	107	which	which	PRON
eistud-18147	90	108	bank	bank	NOUN
eistud-18147	90	109	lending	lending	NOUN
eistud-18147	90	110	,	,	PUNCT
eistud-18147	90	111	as	as	SCONJ
eistud-18147	90	112	measured	measure	VERB
eistud-18147	90	113	by	by	ADP
eistud-18147	90	114	the	the	DET
eistud-18147	90	115	stock	stock	NOUN
eistud-18147	90	116	of	of	ADP
eistud-18147	90	117	nfc	nfc	NOUN
eistud-18147	90	118	loans	loan	NOUN
eistud-18147	90	119	,	,	PUNCT
eistud-18147	90	120	plays	play	VERB
eistud-18147	90	121	a	a	DET
eistud-18147	90	122	comparatively	comparatively	ADV
eistud-18147	90	123	smaller	small	ADJ
eistud-18147	90	124	role	role	NOUN
eistud-18147	90	125	:	:	PUNCT
eistud-18147	90	126	belgium	belgium	NOUN
eistud-18147	90	127	,	,	PUNCT
eistud-18147	90	128	czech	czech	PROPN
eistud-18147	90	129	republic	republic	PROPN
eistud-18147	90	130	,	,	PUNCT
eistud-18147	90	131	finland	finland	PROPN
eistud-18147	90	132	,	,	PUNCT
eistud-18147	90	133	france	france	PROPN
eistud-18147	90	134	,	,	PUNCT
eistud-18147	90	135	germany	germany	PROPN
eistud-18147	90	136	;	;	PUNCT
eistud-18147	90	137	4	4	NUM
eistud-18147	90	138	)	)	PUNCT
eistud-18147	90	139	countries	country	NOUN
eistud-18147	90	140	in	in	ADP
eistud-18147	90	141	which	which	PRON
eistud-18147	90	142	both	both	PRON
eistud-18147	90	143	banking	banking	NOUN
eistud-18147	90	144	sectors	sector	NOUN
eistud-18147	90	145	and	and	CCONJ
eistud-18147	90	146	capital	capital	NOUN
eistud-18147	90	147	markets	market	NOUN
eistud-18147	90	148	appear	appear	VERB
eistud-18147	90	149	underdeveloped	underdeveloped	ADJ
eistud-18147	90	150	:	:	PUNCT
eistud-18147	90	151	bulgaria	bulgaria	PROPN
eistud-18147	90	152	,	,	PUNCT
eistud-18147	90	153	hungary	hungary	PROPN
eistud-18147	90	154	,	,	PUNCT
eistud-18147	90	155	latvia	latvia	PROPN
eistud-18147	90	156	,	,	PUNCT
eistud-18147	90	157	lithuania	lithuania	PROPN
eistud-18147	90	158	,	,	PUNCT
eistud-18147	90	159	poland	poland	PROPN
eistud-18147	90	160	,	,	PUNCT
eistud-18147	90	161	romania	romania	PROPN
eistud-18147	90	162	,	,	PUNCT
eistud-18147	90	163	slovakia	slovakia	PROPN
eistud-18147	90	164	and	and	CCONJ
eistud-18147	90	165	slovenia	slovenia	PROPN
eistud-18147	90	166	latvia	latvia	PROPN
eistud-18147	90	167	is	be	AUX
eistud-18147	90	168	found	find	VERB
eistud-18147	90	169	to	to	PART
eistud-18147	90	170	be	be	AUX
eistud-18147	90	171	in	in	ADP
eistud-18147	90	172	the	the	DET
eistud-18147	90	173	fourth	fourth	ADJ
eistud-18147	90	174	cluster	cluster	NOUN
eistud-18147	90	175	together	together	ADV
eistud-18147	90	176	with	with	ADP
eistud-18147	90	177	seven	seven	NUM
eistud-18147	90	178	other	other	ADJ
eistud-18147	90	179	peers	peer	NOUN
eistud-18147	90	180	.	.	PUNCT
eistud-18147	91	1	while	while	SCONJ
eistud-18147	91	2	the	the	DET
eistud-18147	91	3	peer	peer	NOUN
eistud-18147	91	4	group	group	NOUN
eistud-18147	91	5	is	be	AUX
eistud-18147	91	6	found	find	VERB
eistud-18147	91	7	to	to	PART
eistud-18147	91	8	share	share	VERB
eistud-18147	91	9	the	the	DET
eistud-18147	91	10	same	same	ADJ
eistud-18147	91	11	cluster	cluster	NOUN
eistud-18147	91	12	for	for	ADP
eistud-18147	91	13	financial	financial	ADJ
eistud-18147	91	14	system	system	NOUN
eistud-18147	91	15	comparison	comparison	NOUN
eistud-18147	91	16	and	and	CCONJ
eistud-18147	91	17	partially	partially	ADV
eistud-18147	91	18	contains	contain	VERB
eistud-18147	91	19	the	the	DET
eistud-18147	91	20	countries	country	NOUN
eistud-18147	91	21	selected	select	VERB
eistud-18147	91	22	by	by	ADP
eistud-18147	91	23	the	the	DET
eistud-18147	91	24	expert	expert	NOUN
eistud-18147	91	25	panel	panel	NOUN
eistud-18147	91	26	by	by	ADP
eistud-18147	91	27	the	the	DET
eistud-18147	91	28	study	study	NOUN
eistud-18147	91	29	of	of	ADP
eistud-18147	91	30	tocelovska	tocelovska	ADJ
eistud-18147	91	31	(	(	PUNCT
eistud-18147	91	32	october	october	PROPN
eistud-18147	91	33	2016	2016	NUM
eistud-18147	91	34	)	)	PUNCT
eistud-18147	91	35	the	the	DET
eistud-18147	91	36	fsdi	fsdi	NOUN
eistud-18147	91	37	framework	framework	NOUN
eistud-18147	91	38	is	be	AUX
eistud-18147	91	39	run	run	VERB
eistud-18147	91	40	for	for	ADP
eistud-18147	91	41	the	the	DET
eistud-18147	91	42	whole	whole	ADJ
eistud-18147	91	43	fourth	fourth	ADJ
eistud-18147	91	44	cluster	cluster	NOUN
eistud-18147	91	45	as	as	SCONJ
eistud-18147	91	46	grouped	group	VERB
eistud-18147	91	47	by	by	ADP
eistud-18147	91	48	bending	bend	VERB
eistud-18147	91	49	et	et	PRON
eistud-18147	91	50	al	al	PROPN
eistud-18147	91	51	(	(	PUNCT
eistud-18147	91	52	2014	2014	NUM
eistud-18147	91	53	)	)	PUNCT
eistud-18147	91	54	to	to	PART
eistud-18147	91	55	identify	identify	VERB
eistud-18147	91	56	the	the	DET
eistud-18147	91	57	comparative	comparative	ADJ
eistud-18147	91	58	development	development	NOUN
eistud-18147	91	59	of	of	ADP
eistud-18147	91	60	latvia	latvia	PROPN
eistud-18147	91	61	within	within	ADP
eistud-18147	91	62	the	the	DET
eistud-18147	91	63	peer	peer	NOUN
eistud-18147	91	64	group	group	NOUN
eistud-18147	91	65	and	and	CCONJ
eistud-18147	91	66	potential	potential	NOUN
eistud-18147	91	67	for	for	ADP
eistud-18147	91	68	further	further	ADJ
eistud-18147	91	69	development	development	NOUN
eistud-18147	91	70	within	within	ADP
eistud-18147	91	71	cmu	cmu	PROPN
eistud-18147	91	72	action	action	NOUN
eistud-18147	91	73	presence	presence	NOUN
eistud-18147	91	74	.	.	PUNCT
eistud-18147	92	1	fsdi	fsdi	NOUN
eistud-18147	92	2	framework	framework	NOUN
eistud-18147	92	3	is	be	AUX
eistud-18147	92	4	selected	select	VERB
eistud-18147	92	5	by	by	ADP
eistud-18147	92	6	tocelovska	tocelovska	ADJ
eistud-18147	92	7	(	(	PUNCT
eistud-18147	92	8	january	january	PROPN
eistud-18147	92	9	2016	2016	NUM
eistud-18147	92	10	)	)	PUNCT
eistud-18147	92	11	as	as	ADP
eistud-18147	92	12	the	the	DET
eistud-18147	92	13	comparative	comparative	ADJ
eistud-18147	92	14	factor	factor	NOUN
eistud-18147	92	15	framework	framework	NOUN
eistud-18147	92	16	for	for	ADP
eistud-18147	92	17	the	the	DET
eistud-18147	92	18	analysis	analysis	NOUN
eistud-18147	92	19	of	of	ADP
eistud-18147	92	20	development	development	NOUN
eistud-18147	92	21	of	of	ADP
eistud-18147	92	22	latvian	latvian	ADJ
eistud-18147	92	23	corporate	corporate	ADJ
eistud-18147	92	24	bond	bond	NOUN
eistud-18147	92	25	market	market	NOUN
eistud-18147	92	26	.	.	PUNCT
eistud-18147	93	1	the	the	DET
eistud-18147	93	2	framework	framework	NOUN
eistud-18147	93	3	does	do	AUX
eistud-18147	93	4	not	not	PART
eistud-18147	93	5	provide	provide	VERB
eistud-18147	93	6	the	the	DET
eistud-18147	93	7	desirable	desirable	ADJ
eistud-18147	93	8	level	level	NOUN
eistud-18147	93	9	or	or	CCONJ
eistud-18147	93	10	the	the	DET
eistud-18147	93	11	threshold	threshold	NOUN
eistud-18147	93	12	values	value	NOUN
eistud-18147	93	13	suggested	suggest	VERB
eistud-18147	93	14	but	but	CCONJ
eistud-18147	93	15	the	the	DET
eistud-18147	93	16	framework	framework	NOUN
eistud-18147	93	17	for	for	ADP
eistud-18147	93	18	comparison	comparison	NOUN
eistud-18147	93	19	of	of	ADP
eistud-18147	93	20	the	the	DET
eistud-18147	93	21	countries	country	NOUN
eistud-18147	93	22	selected	select	VERB
eistud-18147	93	23	.	.	PUNCT
eistud-18147	94	1	the	the	DET
eistud-18147	94	2	framework	framework	NOUN
eistud-18147	94	3	groups	group	NOUN
eistud-18147	94	4	all	all	DET
eistud-18147	94	5	the	the	DET
eistud-18147	94	6	metrics	metric	NOUN
eistud-18147	94	7	into	into	ADP
eistud-18147	94	8	4	4	NUM
eistud-18147	94	9	groups	group	NOUN
eistud-18147	94	10	:	:	PUNCT
eistud-18147	94	11	size	size	NOUN
eistud-18147	94	12	,	,	PUNCT
eistud-18147	94	13	access	access	NOUN
eistud-18147	94	14	,	,	PUNCT
eistud-18147	94	15	efficiency	efficiency	NOUN
eistud-18147	94	16	and	and	CCONJ
eistud-18147	94	17	stability	stability	NOUN
eistud-18147	94	18	and	and	CCONJ
eistud-18147	94	19	summarizes	summarize	VERB
eistud-18147	94	20	the	the	DET
eistud-18147	94	21	results	result	NOUN
eistud-18147	94	22	of	of	ADP
eistud-18147	94	23	the	the	DET
eistud-18147	94	24	comparative	comparative	ADJ
eistud-18147	94	25	analysis	analysis	NOUN
eistud-18147	94	26	.	.	PUNCT
eistud-18147	95	1	the	the	DET
eistud-18147	95	2	fsdi	fsdi	NOUN
eistud-18147	95	3	study	study	NOUN
eistud-18147	95	4	115	115	NUM
eistud-18147	95	5	european	european	ADJ
eistud-18147	95	6	integrat	integrat	NOUN
eistud-18147	95	7	ion	ion	NOUN
eistud-18147	95	8	studies	study	NOUN
eistud-18147	95	9	2017/11	2017/11	NUM
eistud-18147	95	10	provides	provide	VERB
eistud-18147	95	11	the	the	DET
eistud-18147	95	12	sub	sub	NOUN
eistud-18147	95	13	-	-	NOUN
eistud-18147	95	14	indicators	indicator	NOUN
eistud-18147	95	15	for	for	ADP
eistud-18147	95	16	each	each	PRON
eistud-18147	95	17	of	of	ADP
eistud-18147	95	18	the	the	DET
eistud-18147	95	19	four	four	NUM
eistud-18147	95	20	groups	group	NOUN
eistud-18147	95	21	.	.	PUNCT
eistud-18147	96	1	the	the	DET
eistud-18147	96	2	study	study	NOUN
eistud-18147	96	3	of	of	ADP
eistud-18147	96	4	tocelovska	tocelovska	ADJ
eistud-18147	96	5	(	(	PUNCT
eistud-18147	96	6	may	may	PROPN
eistud-18147	96	7	2016	2016	NUM
eistud-18147	96	8	)	)	PUNCT
eistud-18147	96	9	revealed	reveal	VERB
eistud-18147	96	10	the	the	DET
eistud-18147	96	11	need	need	NOUN
eistud-18147	96	12	to	to	PART
eistud-18147	96	13	develop	develop	VERB
eistud-18147	96	14	additional	additional	ADJ
eistud-18147	96	15	efficiency	efficiency	NOUN
eistud-18147	96	16	area	area	NOUN
eistud-18147	96	17	sub	sub	NOUN
eistud-18147	96	18	-	-	NOUN
eistud-18147	96	19	indicators	indicator	NOUN
eistud-18147	96	20	,	,	PUNCT
eistud-18147	96	21	which	which	PRON
eistud-18147	96	22	were	be	AUX
eistud-18147	96	23	successfully	successfully	ADV
eistud-18147	96	24	developed	develop	VERB
eistud-18147	96	25	and	and	CCONJ
eistud-18147	96	26	tested	test	VERB
eistud-18147	96	27	by	by	ADP
eistud-18147	96	28	tocelovska	tocelovska	ADJ
eistud-18147	96	29	(	(	PUNCT
eistud-18147	96	30	september	september	PROPN
eistud-18147	96	31	2016	2016	NUM
eistud-18147	96	32	)	)	PUNCT
eistud-18147	96	33	.	.	PUNCT
eistud-18147	97	1	in	in	ADP
eistud-18147	97	2	the	the	DET
eistud-18147	97	3	result	result	NOUN
eistud-18147	97	4	,	,	PUNCT
eistud-18147	97	5	the	the	DET
eistud-18147	97	6	groups	group	NOUN
eistud-18147	97	7	and	and	CCONJ
eistud-18147	97	8	sub	sub	NOUN
eistud-18147	97	9	-	-	NOUN
eistud-18147	97	10	indicators	indicator	NOUN
eistud-18147	97	11	are	be	AUX
eistud-18147	97	12	:	:	PUNCT
eistud-18147	97	13	1	1	NUM
eistud-18147	97	14	)	)	PUNCT
eistud-18147	97	15	size	size	NOUN
eistud-18147	97	16	:	:	PUNCT
eistud-18147	97	17	ratio	ratio	NOUN
eistud-18147	97	18	of	of	ADP
eistud-18147	97	19	private	private	ADJ
eistud-18147	97	20	sector	sector	NOUN
eistud-18147	97	21	bonds	bond	NOUN
eistud-18147	97	22	to	to	ADP
eistud-18147	97	23	gdp	gdp	PROPN
eistud-18147	97	24	,	,	PUNCT
eistud-18147	97	25	ratio	ratio	NOUN
eistud-18147	97	26	of	of	ADP
eistud-18147	97	27	public	public	ADJ
eistud-18147	97	28	sector	sector	NOUN
eistud-18147	97	29	bonds	bond	NOUN
eistud-18147	97	30	to	to	ADP
eistud-18147	97	31	gdp	gdp	PROPN
eistud-18147	97	32	,	,	PUNCT
eistud-18147	97	33	ratio	ratio	NOUN
eistud-18147	97	34	of	of	ADP
eistud-18147	97	35	international	international	ADJ
eistud-18147	97	36	bonds	bond	NOUN
eistud-18147	97	37	to	to	ADP
eistud-18147	97	38	gdp	gdp	NOUN
eistud-18147	97	39	,	,	PUNCT
eistud-18147	97	40	dummy	dummy	ADJ
eistud-18147	97	41	variable	variable	NOUN
eistud-18147	97	42	:	:	PUNCT
eistud-18147	97	43	existence	existence	NOUN
eistud-18147	97	44	of	of	ADP
eistud-18147	97	45	bond	bond	NOUN
eistud-18147	97	46	market	market	NOUN
eistud-18147	97	47	and	and	CCONJ
eistud-18147	97	48	dummy	dummy	ADJ
eistud-18147	97	49	variable	variable	NOUN
eistud-18147	97	50	:	:	PUNCT
eistud-18147	97	51	existence	existence	NOUN
eistud-18147	97	52	of	of	ADP
eistud-18147	97	53	corporate	corporate	ADJ
eistud-18147	97	54	bond	bond	NOUN
eistud-18147	97	55	market	market	NOUN
eistud-18147	97	56	;	;	PUNCT
eistud-18147	97	57	2	2	X
eistud-18147	97	58	)	)	PUNCT
eistud-18147	97	59	access	access	NOUN
eistud-18147	97	60	:	:	PUNCT
eistud-18147	97	61	government	government	NOUN
eistud-18147	97	62	bond	bond	NOUN
eistud-18147	97	63	yield	yield	NOUN
eistud-18147	97	64	(	(	PUNCT
eistud-18147	97	65	3	3	NUM
eistud-18147	97	66	months	month	NOUN
eistud-18147	97	67	and	and	CCONJ
eistud-18147	97	68	10	10	NUM
eistud-18147	97	69	years	year	NOUN
eistud-18147	97	70	)	)	PUNCT
eistud-18147	97	71	,	,	PUNCT
eistud-18147	97	72	ratio	ratio	NOUN
eistud-18147	97	73	of	of	ADP
eistud-18147	97	74	domestic	domestic	ADJ
eistud-18147	97	75	to	to	PART
eistud-18147	97	76	total	total	VERB
eistud-18147	97	77	debt	debt	NOUN
eistud-18147	97	78	securities	security	NOUN
eistud-18147	97	79	,	,	PUNCT
eistud-18147	97	80	ratio	ratio	NOUN
eistud-18147	97	81	of	of	ADP
eistud-18147	97	82	private	private	ADJ
eistud-18147	97	83	to	to	PART
eistud-18147	97	84	total	total	VERB
eistud-18147	97	85	debt	debt	NOUN
eistud-18147	97	86	securities	security	NOUN
eistud-18147	97	87	(	(	PUNCT
eistud-18147	97	88	domestic	domestic	ADJ
eistud-18147	97	89	)	)	PUNCT
eistud-18147	97	90	,	,	PUNCT
eistud-18147	97	91	ratio	ratio	NOUN
eistud-18147	97	92	of	of	ADP
eistud-18147	97	93	new	new	ADJ
eistud-18147	97	94	corporate	corporate	ADJ
eistud-18147	97	95	bond	bond	NOUN
eistud-18147	97	96	issues	issue	NOUN
eistud-18147	97	97	to	to	ADP
eistud-18147	97	98	gdp	gdp	NOUN
eistud-18147	97	99	and	and	CCONJ
eistud-18147	97	100	new	new	ADJ
eistud-18147	97	101	corporate	corporate	ADJ
eistud-18147	97	102	bond	bond	NOUN
eistud-18147	97	103	issues	issue	NOUN
eistud-18147	97	104	(	(	PUNCT
eistud-18147	97	105	$	$	SYM
eistud-18147	97	106	billion	billion	NUM
eistud-18147	97	107	)	)	PUNCT
eistud-18147	97	108	;	;	PUNCT
eistud-18147	97	109	3	3	X
eistud-18147	97	110	)	)	PUNCT
eistud-18147	97	111	efficiency	efficiency	NOUN
eistud-18147	97	112	:	:	PUNCT
eistud-18147	97	113	quoted	quote	VERB
eistud-18147	97	114	bid	bid	NOUN
eistud-18147	97	115	-	-	PUNCT
eistud-18147	97	116	ask	ask	NOUN
eistud-18147	97	117	spreads	spread	NOUN
eistud-18147	97	118	(	(	PUNCT
eistud-18147	97	119	10	10	NUM
eistud-18147	97	120	-	-	PUNCT
eistud-18147	97	121	yr	yr	NOUN
eistud-18147	97	122	government	government	NOUN
eistud-18147	97	123	bond	bond	NOUN
eistud-18147	97	124	yield	yield	NOUN
eistud-18147	97	125	)	)	PUNCT
eistud-18147	97	126	,	,	PUNCT
eistud-18147	97	127	quote	quote	INTJ
eistud-18147	97	128	size	size	NOUN
eistud-18147	97	129	,	,	PUNCT
eistud-18147	97	130	number	number	NOUN
eistud-18147	97	131	of	of	ADP
eistud-18147	97	132	the	the	DET
eistud-18147	97	133	counterparties	counterpartie	NOUN
eistud-18147	97	134	providing	provide	VERB
eistud-18147	97	135	bid	bid	NOUN
eistud-18147	97	136	/	/	SYM
eistud-18147	97	137	ask	ask	NOUN
eistud-18147	97	138	quote	quote	INTJ
eistud-18147	97	139	;	;	PUNCT
eistud-18147	97	140	4	4	X
eistud-18147	97	141	)	)	PUNCT
eistud-18147	97	142	stability	stability	NOUN
eistud-18147	97	143	:	:	PUNCT
eistud-18147	97	144	volatility	volatility	NOUN
eistud-18147	97	145	of	of	ADP
eistud-18147	97	146	sovereign	sovereign	ADJ
eistud-18147	97	147	bond	bond	NOUN
eistud-18147	97	148	index	index	NOUN
eistud-18147	97	149	,	,	PUNCT
eistud-18147	97	150	skewness	skewness	NOUN
eistud-18147	97	151	of	of	ADP
eistud-18147	97	152	sovereign	sovereign	ADJ
eistud-18147	97	153	bond	bond	NOUN
eistud-18147	97	154	index	index	NOUN
eistud-18147	97	155	,	,	PUNCT
eistud-18147	97	156	ratio	ratio	NOUN
eistud-18147	97	157	of	of	ADP
eistud-18147	97	158	short	short	ADJ
eistud-18147	97	159	-	-	PUNCT
eistud-18147	97	160	term	term	NOUN
eistud-18147	97	161	to	to	ADP
eistud-18147	97	162	total	total	ADJ
eistud-18147	97	163	bonds	bond	NOUN
eistud-18147	97	164	(	(	PUNCT
eistud-18147	97	165	domestic	domestic	ADJ
eistud-18147	97	166	)	)	PUNCT
eistud-18147	97	167	,	,	PUNCT
eistud-18147	97	168	ratio	ratio	NOUN
eistud-18147	97	169	of	of	ADP
eistud-18147	97	170	short	short	ADJ
eistud-18147	97	171	-	-	PUNCT
eistud-18147	97	172	term	term	NOUN
eistud-18147	97	173	bond	bond	NOUN
eistud-18147	97	174	to	to	ADP
eistud-18147	97	175	total	total	ADJ
eistud-18147	97	176	bonds	bond	NOUN
eistud-18147	97	177	(	(	PUNCT
eistud-18147	97	178	international	international	ADJ
eistud-18147	97	179	)	)	PUNCT
eistud-18147	97	180	,	,	PUNCT
eistud-18147	97	181	correlation	correlation	NOUN
eistud-18147	97	182	with	with	ADP
eistud-18147	97	183	german	german	ADJ
eistud-18147	97	184	bond	bond	NOUN
eistud-18147	97	185	returns	return	NOUN
eistud-18147	97	186	and	and	CCONJ
eistud-18147	97	187	correlation	correlation	NOUN
eistud-18147	97	188	with	with	ADP
eistud-18147	97	189	us	us	PROPN
eistud-18147	97	190	bond	bond	NOUN
eistud-18147	97	191	returns	return	NOUN
eistud-18147	97	192	.	.	PUNCT
eistud-18147	98	1	size	size	NOUN
eistud-18147	98	2	,	,	PUNCT
eistud-18147	98	3	access	access	NOUN
eistud-18147	98	4	and	and	CCONJ
eistud-18147	98	5	stability	stability	NOUN
eistud-18147	98	6	area	area	NOUN
eistud-18147	98	7	indicators	indicator	NOUN
eistud-18147	98	8	are	be	AUX
eistud-18147	98	9	calculated	calculate	VERB
eistud-18147	98	10	as	as	ADP
eistud-18147	98	11	average	average	ADJ
eistud-18147	98	12	numbers	number	NOUN
eistud-18147	98	13	over	over	ADP
eistud-18147	98	14	the	the	DET
eistud-18147	98	15	period	period	NOUN
eistud-18147	98	16	20082015	20082015	NUM
eistud-18147	98	17	with	with	ADP
eistud-18147	98	18	subsequent	subsequent	ADJ
eistud-18147	98	19	standardisation	standardisation	NOUN
eistud-18147	98	20	of	of	ADP
eistud-18147	98	21	the	the	DET
eistud-18147	98	22	scores	score	NOUN
eistud-18147	98	23	.	.	PUNCT
eistud-18147	99	1	efficiency	efficiency	NOUN
eistud-18147	99	2	area	area	NOUN
eistud-18147	99	3	indicators	indicator	NOUN
eistud-18147	99	4	are	be	AUX
eistud-18147	99	5	based	base	VERB
eistud-18147	99	6	on	on	ADP
eistud-18147	99	7	the	the	DET
eistud-18147	99	8	market	market	NOUN
eistud-18147	99	9	situation	situation	NOUN
eistud-18147	99	10	at	at	ADP
eistud-18147	99	11	the	the	DET
eistud-18147	99	12	moment	moment	NOUN
eistud-18147	99	13	of	of	ADP
eistud-18147	99	14	analysis	analysis	NOUN
eistud-18147	99	15	.	.	PUNCT
eistud-18147	100	1	the	the	DET
eistud-18147	100	2	data	datum	NOUN
eistud-18147	100	3	from	from	ADP
eistud-18147	100	4	the	the	DET
eistud-18147	100	5	world	world	PROPN
eistud-18147	100	6	bank	bank	PROPN
eistud-18147	100	7	,	,	PUNCT
eistud-18147	100	8	the	the	DET
eistud-18147	100	9	bank	bank	NOUN
eistud-18147	100	10	for	for	ADP
eistud-18147	100	11	international	international	ADJ
eistud-18147	100	12	settlement	settlement	NOUN
eistud-18147	100	13	database	database	NOUN
eistud-18147	100	14	,	,	PUNCT
eistud-18147	100	15	eurostat	eurostat	PROPN
eistud-18147	100	16	and	and	CCONJ
eistud-18147	100	17	bloomberg	bloomberg	PROPN
eistud-18147	100	18	information	information	NOUN
eistud-18147	100	19	system	system	NOUN
eistud-18147	100	20	is	be	AUX
eistud-18147	100	21	used	use	VERB
eistud-18147	100	22	for	for	ADP
eistud-18147	100	23	the	the	DET
eistud-18147	100	24	analysis	analysis	NOUN
eistud-18147	100	25	.	.	PUNCT
eistud-18147	101	1	the	the	DET
eistud-18147	101	2	results	result	NOUN
eistud-18147	101	3	of	of	ADP
eistud-18147	101	4	the	the	DET
eistud-18147	101	5	fsdi	fsdi	NOUN
eistud-18147	101	6	framework	framework	NOUN
eistud-18147	101	7	indicate	indicate	VERB
eistud-18147	101	8	the	the	DET
eistud-18147	101	9	comparatively	comparatively	ADV
eistud-18147	101	10	high	high	ADJ
eistud-18147	101	11	level	level	NOUN
eistud-18147	101	12	of	of	ADP
eistud-18147	101	13	development	development	NOUN
eistud-18147	101	14	of	of	ADP
eistud-18147	101	15	latvian	latvian	ADJ
eistud-18147	101	16	bonds	bond	NOUN
eistud-18147	101	17	market	market	NOUN
eistud-18147	101	18	and	and	CCONJ
eistud-18147	101	19	its	its	PRON
eistud-18147	101	20	corporate	corporate	ADJ
eistud-18147	101	21	segment	segment	NOUN
eistud-18147	101	22	in	in	ADP
eistud-18147	101	23	stability	stability	NOUN
eistud-18147	101	24	,	,	PUNCT
eistud-18147	101	25	access	access	NOUN
eistud-18147	101	26	and	and	CCONJ
eistud-18147	101	27	efficiency	efficiency	NOUN
eistud-18147	101	28	areas	area	NOUN
eistud-18147	101	29	(	(	PUNCT
eistud-18147	101	30	figure	figure	NOUN
eistud-18147	101	31	1	1	NUM
eistud-18147	101	32	)	)	PUNCT
eistud-18147	101	33	.	.	PUNCT
eistud-18147	102	1	while	while	SCONJ
eistud-18147	102	2	the	the	DET
eistud-18147	102	3	summarised	summarise	VERB
eistud-18147	102	4	data	datum	NOUN
eistud-18147	102	5	is	be	AUX
eistud-18147	102	6	comparatively	comparatively	ADV
eistud-18147	102	7	similar	similar	ADJ
eistud-18147	102	8	for	for	SCONJ
eistud-18147	102	9	the	the	DET
eistud-18147	102	10	whole	whole	ADJ
eistud-18147	102	11	cluster	cluster	NOUN
eistud-18147	102	12	observed	observe	VERB
eistud-18147	102	13	,	,	PUNCT
eistud-18147	102	14	more	more	ADV
eistud-18147	102	15	detailed	detailed	ADJ
eistud-18147	102	16	analysis	analysis	NOUN
eistud-18147	102	17	should	should	AUX
eistud-18147	102	18	be	be	AUX
eistud-18147	102	19	performed	perform	VERB
eistud-18147	102	20	to	to	PART
eistud-18147	102	21	find	find	VERB
eistud-18147	102	22	the	the	DET
eistud-18147	102	23	relative	relative	ADJ
eistud-18147	102	24	position	position	NOUN
eistud-18147	102	25	of	of	ADP
eistud-18147	102	26	latvia	latvia	PROPN
eistud-18147	102	27	.	.	PROPN
eistud-18147	103	1	size	size	NOUN
eistud-18147	103	2	area	area	NOUN
eistud-18147	103	3	is	be	AUX
eistud-18147	103	4	measured	measure	VERB
eistud-18147	103	5	by	by	ADP
eistud-18147	103	6	three	three	NUM
eistud-18147	103	7	ratios	ratio	NOUN
eistud-18147	103	8	as	as	SCONJ
eistud-18147	103	9	applied	apply	VERB
eistud-18147	103	10	by	by	ADP
eistud-18147	103	11	the	the	DET
eistud-18147	103	12	study	study	NOUN
eistud-18147	103	13	of	of	ADP
eistud-18147	103	14	the	the	DET
eistud-18147	103	15	world	world	PROPN
eistud-18147	103	16	bank	bank	PROPN
eistud-18147	103	17	(	(	PUNCT
eistud-18147	103	18	2004	2004	NUM
eistud-18147	103	19	):	):	PUNCT
eistud-18147	103	20	ratio	ratio	NOUN
eistud-18147	103	21	of	of	ADP
eistud-18147	103	22	public	public	ADJ
eistud-18147	103	23	(	(	PUNCT
eistud-18147	103	24	government	government	NOUN
eistud-18147	103	25	)	)	PUNCT
eistud-18147	103	26	sector	sector	NOUN
eistud-18147	103	27	bonds	bond	NOUN
eistud-18147	103	28	to	to	ADP
eistud-18147	103	29	gdp	gdp	PROPN
eistud-18147	103	30	,	,	PUNCT
eistud-18147	103	31	ratio	ratio	NOUN
eistud-18147	103	32	of	of	ADP
eistud-18147	103	33	private	private	ADJ
eistud-18147	103	34	(	(	PUNCT
eistud-18147	103	35	corporate	corporate	ADJ
eistud-18147	103	36	)	)	PUNCT
eistud-18147	103	37	sector	sector	NOUN
eistud-18147	103	38	bonds	bond	NOUN
eistud-18147	103	39	to	to	ADP
eistud-18147	103	40	gdp	gdp	NOUN
eistud-18147	103	41	and	and	CCONJ
eistud-18147	103	42	the	the	DET
eistud-18147	103	43	ratio	ratio	NOUN
eistud-18147	103	44	of	of	ADP
eistud-18147	103	45	international	international	ADJ
eistud-18147	103	46	bonds	bond	NOUN
eistud-18147	103	47	to	to	ADP
eistud-18147	103	48	gdp	gdp	PROPN
eistud-18147	103	49	.	.	PROPN
eistud-18147	104	1	for	for	ADP
eistud-18147	104	2	the	the	DET
eistud-18147	104	3	sovereign	sovereign	ADJ
eistud-18147	104	4	debt	debt	NOUN
eistud-18147	104	5	sector	sector	NOUN
eistud-18147	104	6	the	the	DET
eistud-18147	104	7	analysis	analysis	NOUN
eistud-18147	104	8	of	of	ADP
eistud-18147	104	9	six	six	NUM
eistud-18147	104	10	peer	peer	NOUN
eistud-18147	104	11	countries	country	NOUN
eistud-18147	104	12	selected	select	VERB
eistud-18147	104	13	indicates	indicate	VERB
eistud-18147	104	14	that	that	SCONJ
eistud-18147	104	15	public	public	ADJ
eistud-18147	104	16	debt	debt	NOUN
eistud-18147	104	17	varies	vary	VERB
eistud-18147	104	18	within	within	ADP
eistud-18147	104	19	the	the	DET
eistud-18147	104	20	range	range	NOUN
eistud-18147	104	21	of	of	ADP
eistud-18147	104	22	11%-71	11%-71	NUM
eistud-18147	104	23	%	%	NOUN
eistud-18147	104	24	,	,	PUNCT
eistud-18147	104	25	where	where	SCONJ
eistud-18147	104	26	slovenia	slovenia	PROPN
eistud-18147	104	27	and	and	CCONJ
eistud-18147	104	28	hungary	hungary	PROPN
eistud-18147	104	29	overcome	overcome	VERB
eistud-18147	104	30	50	50	NUM
eistud-18147	104	31	%	%	NOUN
eistud-18147	104	32	level	level	NOUN
eistud-18147	104	33	.	.	PUNCT
eistud-18147	105	1	the	the	DET
eistud-18147	105	2	results	result	NOUN
eistud-18147	105	3	are	be	AUX
eistud-18147	105	4	contradicting	contradict	VERB
eistud-18147	105	5	previous	previous	ADJ
eistud-18147	105	6	fsdi	fsdi	NOUN
eistud-18147	105	7	analysis	analysis	NOUN
eistud-18147	105	8	finding	find	VERB
eistud-18147	105	9	that	that	SCONJ
eistud-18147	105	10	the	the	DET
eistud-18147	105	11	relative	relative	ADJ
eistud-18147	105	12	size	size	NOUN
eistud-18147	105	13	of	of	ADP
eistud-18147	105	14	bond	bond	NOUN
eistud-18147	105	15	markets	market	NOUN
eistud-18147	105	16	in	in	ADP
eistud-18147	105	17	middle	middle	ADJ
eistud-18147	105	18	income	income	NOUN
eistud-18147	105	19	countries	country	NOUN
eistud-18147	105	20	is	be	AUX
eistud-18147	105	21	generally	generally	ADV
eistud-18147	105	22	indistinguishable	indistinguishable	ADJ
eistud-18147	105	23	from	from	ADP
eistud-18147	105	24	the	the	DET
eistud-18147	105	25	one	one	NUM
eistud-18147	105	26	in	in	ADP
eistud-18147	105	27	low	low	ADJ
eistud-18147	105	28	income	income	NOUN
eistud-18147	105	29	countries	country	NOUN
eistud-18147	105	30	.	.	PUNCT
eistud-18147	106	1	the	the	DET
eistud-18147	106	2	weights	weight	NOUN
eistud-18147	106	3	of	of	ADP
eistud-18147	106	4	the	the	DET
eistud-18147	106	5	public	public	ADJ
eistud-18147	106	6	bonds	bond	NOUN
eistud-18147	106	7	from	from	ADP
eistud-18147	106	8	gdp	gdp	NOUN
eistud-18147	106	9	of	of	ADP
eistud-18147	106	10	the	the	DET
eistud-18147	106	11	countries	country	NOUN
eistud-18147	106	12	observed	observe	VERB
eistud-18147	106	13	are	be	AUX
eistud-18147	106	14	different	different	ADJ
eistud-18147	106	15	by	by	ADP
eistud-18147	106	16	as	as	ADV
eistud-18147	106	17	much	much	ADJ
eistud-18147	106	18	as	as	ADP
eistud-18147	106	19	60	60	NUM
eistud-18147	106	20	%	%	NOUN
eistud-18147	106	21	within	within	ADP
eistud-18147	106	22	the	the	DET
eistud-18147	106	23	sample	sample	NOUN
eistud-18147	106	24	observed	observe	VERB
eistud-18147	106	25	.	.	PUNCT
eistud-18147	107	1	while	while	SCONJ
eistud-18147	107	2	the	the	DET
eistud-18147	107	3	framework	framework	NOUN
eistud-18147	107	4	treats	treat	VERB
eistud-18147	107	5	the	the	DET
eistud-18147	107	6	higher	high	ADJ
eistud-18147	107	7	level	level	NOUN
eistud-18147	107	8	of	of	ADP
eistud-18147	107	9	debt	debt	NOUN
eistud-18147	107	10	as	as	ADP
eistud-18147	107	11	more	more	ADV
eistud-18147	107	12	positive	positive	ADJ
eistud-18147	107	13	one	one	NOUN
eistud-18147	107	14	,	,	PUNCT
eistud-18147	107	15	the	the	DET
eistud-18147	107	16	study	study	NOUN
eistud-18147	107	17	of	of	ADP
eistud-18147	107	18	artis	artis	PROPN
eistud-18147	107	19	(	(	PUNCT
eistud-18147	107	20	2002	2002	NUM
eistud-18147	107	21	)	)	PUNCT
eistud-18147	107	22	indicates	indicate	VERB
eistud-18147	107	23	that	that	SCONJ
eistud-18147	107	24	public	public	ADJ
eistud-18147	107	25	debt	debt	NOUN
eistud-18147	107	26	benchmark	benchmark	NOUN
eistud-18147	107	27	established	establish	VERB
eistud-18147	107	28	by	by	ADP
eistud-18147	107	29	the	the	DET
eistud-18147	107	30	maastricht	maastricht	PROPN
eistud-18147	107	31	criteria	criterion	NOUN
eistud-18147	107	32	provides	provide	VERB
eistud-18147	107	33	the	the	DET
eistud-18147	107	34	reasonable	reasonable	ADJ
eistud-18147	107	35	target	target	NOUN
eistud-18147	107	36	.	.	PUNCT
eistud-18147	108	1	buiter	buiter	NOUN
eistud-18147	108	2	et	et	PROPN
eistud-18147	108	3	al	al	PROPN
eistud-18147	108	4	.	.	PROPN
eistud-18147	109	1	(	(	PUNCT
eistud-18147	109	2	1992	1992	NUM
eistud-18147	109	3	)	)	PUNCT
eistud-18147	109	4	argue	argue	VERB
eistud-18147	109	5	that	that	SCONJ
eistud-18147	109	6	fiscal	fiscal	ADJ
eistud-18147	109	7	convergence	convergence	NOUN
eistud-18147	109	8	criteria	criterion	NOUN
eistud-18147	109	9	can	can	AUX
eistud-18147	109	10	lead	lead	VERB
eistud-18147	109	11	to	to	ADP
eistud-18147	109	12	unnecessary	unnecessary	ADJ
eistud-18147	109	13	hardship	hardship	NOUN
eistud-18147	109	14	if	if	SCONJ
eistud-18147	109	15	pursued	pursue	VERB
eistud-18147	109	16	mechanically	mechanically	ADV
eistud-18147	109	17	stressing	stress	VERB
eistud-18147	109	18	the	the	DET
eistud-18147	109	19	lack	lack	NOUN
eistud-18147	109	20	of	of	ADP
eistud-18147	109	21	case	case	NOUN
eistud-18147	109	22	to	to	ADP
eistud-18147	109	23	restricting	restrict	VERB
eistud-18147	109	24	the	the	DET
eistud-18147	109	25	debt	debt	NOUN
eistud-18147	109	26	/	/	SYM
eistud-18147	109	27	gdp	gdp	NOUN
eistud-18147	109	28	ratio	ratio	NOUN
eistud-18147	109	29	to	to	PART
eistud-18147	109	30	lie	lie	VERB
eistud-18147	109	31	below	below	ADP
eistud-18147	109	32	a	a	DET
eistud-18147	109	33	particular	particular	ADJ
eistud-18147	109	34	value	value	NOUN
eistud-18147	109	35	.	.	PUNCT
eistud-18147	110	1	latvia	latvia	PROPN
eistud-18147	110	2	is	be	AUX
eistud-18147	110	3	indicating	indicate	VERB
eistud-18147	110	4	30	30	NUM
eistud-18147	110	5	%	%	NOUN
eistud-18147	110	6	level	level	NOUN
eistud-18147	110	7	of	of	ADP
eistud-18147	110	8	public	public	ADJ
eistud-18147	110	9	debt	debt	NOUN
eistud-18147	110	10	outstanding	outstanding	ADJ
eistud-18147	110	11	as	as	ADP
eistud-18147	110	12	the	the	DET
eistud-18147	110	13	percentage	percentage	NOUN
eistud-18147	110	14	of	of	ADP
eistud-18147	110	15	gdp	gdp	NOUN
eistud-18147	110	16	.	.	PUNCT
eistud-18147	111	1	the	the	DET
eistud-18147	111	2	level	level	NOUN
eistud-18147	111	3	is	be	AUX
eistud-18147	111	4	gradually	gradually	ADV
eistud-18147	111	5	increasing	increase	VERB
eistud-18147	111	6	starting	start	VERB
eistud-18147	111	7	from	from	ADP
eistud-18147	111	8	11	11	NUM
eistud-18147	111	9	%	%	NOUN
eistud-18147	111	10	in	in	ADP
eistud-18147	111	11	2008	2008	NUM
eistud-18147	111	12	.	.	PUNCT
eistud-18147	112	1	the	the	DET
eistud-18147	112	2	average	average	ADJ
eistud-18147	112	3	level	level	NOUN
eistud-18147	112	4	of	of	ADP
eistud-18147	112	5	latvian	latvian	ADJ
eistud-18147	112	6	sovereign	sovereign	ADJ
eistud-18147	112	7	debt	debt	NOUN
eistud-18147	112	8	in	in	ADP
eistud-18147	112	9	the	the	DET
eistud-18147	112	10	period	period	NOUN
eistud-18147	112	11	2008	2008	NUM
eistud-18147	112	12	-	-	SYM
eistud-18147	112	13	2015	2015	NUM
eistud-18147	112	14	reached	reach	VERB
eistud-18147	112	15	18	18	NUM
eistud-18147	112	16	%	%	NOUN
eistud-18147	112	17	while	while	SCONJ
eistud-18147	112	18	the	the	DET
eistud-18147	112	19	average	average	ADJ
eistud-18147	112	20	level	level	NOUN
eistud-18147	112	21	for	for	ADP
eistud-18147	112	22	all	all	DET
eistud-18147	112	23	cluster	cluster	NOUN
eistud-18147	112	24	countries	country	NOUN
eistud-18147	112	25	in	in	ADP
eistud-18147	112	26	the	the	DET
eistud-18147	112	27	period	period	NOUN
eistud-18147	112	28	observed	observe	VERB
eistud-18147	112	29	reached	reach	VERB
eistud-18147	112	30	32	32	NUM
eistud-18147	112	31	%	%	NOUN
eistud-18147	112	32	.	.	PUNCT
eistud-18147	113	1	private	private	ADJ
eistud-18147	113	2	sector	sector	NOUN
eistud-18147	113	3	indicators	indicator	NOUN
eistud-18147	113	4	share	share	VERB
eistud-18147	113	5	more	more	ADJ
eistud-18147	113	6	homogeneitythe	homogeneitythe	ADJ
eistud-18147	113	7	ratio	ratio	NOUN
eistud-18147	113	8	of	of	ADP
eistud-18147	113	9	corporate	corporate	ADJ
eistud-18147	113	10	bonds	bond	NOUN
eistud-18147	113	11	as	as	SCONJ
eistud-18147	113	12	the	the	DET
eistud-18147	113	13	percentage	percentage	NOUN
eistud-18147	113	14	of	of	ADP
eistud-18147	113	15	gdp	gdp	NOUN
eistud-18147	113	16	for	for	ADP
eistud-18147	113	17	the	the	DET
eistud-18147	113	18	cluster	cluster	NOUN
eistud-18147	113	19	countries	country	NOUN
eistud-18147	113	20	observed	observe	VERB
eistud-18147	113	21	stays	stay	NOUN
eistud-18147	113	22	below	below	ADP
eistud-18147	113	23	13	13	NUM
eistud-18147	113	24	%	%	NOUN
eistud-18147	113	25	,	,	PUNCT
eistud-18147	113	26	with	with	ADP
eistud-18147	113	27	average	average	ADJ
eistud-18147	113	28	cluster	cluster	NOUN
eistud-18147	113	29	level	level	NOUN
eistud-18147	113	30	in	in	ADP
eistud-18147	113	31	the	the	DET
eistud-18147	113	32	period	period	NOUN
eistud-18147	113	33	2008	2008	NUM
eistud-18147	113	34	-	-	SYM
eistud-18147	113	35	2015	2015	NUM
eistud-18147	113	36	staying	stay	VERB
eistud-18147	113	37	at	at	ADP
eistud-18147	113	38	7	7	NUM
eistud-18147	113	39	%	%	NOUN
eistud-18147	113	40	and	and	CCONJ
eistud-18147	113	41	not	not	PART
eistud-18147	113	42	showing	show	VERB
eistud-18147	113	43	the	the	DET
eistud-18147	113	44	signs	sign	NOUN
eistud-18147	113	45	of	of	ADP
eistud-18147	113	46	increase	increase	NOUN
eistud-18147	113	47	.	.	PUNCT
eistud-18147	114	1	all	all	DET
eistud-18147	114	2	countries	country	NOUN
eistud-18147	114	3	share	share	VERB
eistud-18147	114	4	similar	similar	ADJ
eistud-18147	114	5	dynamics	dynamic	NOUN
eistud-18147	114	6	of	of	ADP
eistud-18147	114	7	the	the	DET
eistud-18147	114	8	indicator	indicator	NOUN
eistud-18147	114	9	observed	observe	VERB
eistud-18147	114	10	except	except	SCONJ
eistud-18147	114	11	of	of	ADP
eistud-18147	114	12	hungarythe	hungarythe	DET
eistud-18147	114	13	dynamics	dynamic	NOUN
eistud-18147	114	14	of	of	ADP
eistud-18147	114	15	hungary	hungary	PROPN
eistud-18147	114	16	can	can	AUX
eistud-18147	114	17	be	be	AUX
eistud-18147	114	18	described	describe	VERB
eistud-18147	114	19	as	as	ADP
eistud-18147	114	20	a	a	DET
eistud-18147	114	21	steep	steep	ADJ
eistud-18147	114	22	decrease	decrease	NOUN
eistud-18147	114	23	in	in	ADP
eistud-18147	114	24	the	the	DET
eistud-18147	114	25	period	period	NOUN
eistud-18147	114	26	of	of	ADP
eistud-18147	114	27	2013	2013	NUM
eistud-18147	114	28	-	-	SYM
eistud-18147	114	29	2014	2014	NUM
eistud-18147	114	30	.	.	PUNCT
eistud-18147	115	1	the	the	DET
eistud-18147	115	2	decrease	decrease	NOUN
eistud-18147	115	3	in	in	ADP
eistud-18147	115	4	the	the	DET
eistud-18147	115	5	corporate	corporate	ADJ
eistud-18147	115	6	debt	debt	NOUN
eistud-18147	115	7	was	be	AUX
eistud-18147	115	8	relatively	relatively	ADV
eistud-18147	115	9	higher	high	ADJ
eistud-18147	115	10	when	when	SCONJ
eistud-18147	115	11	compared	compare	VERB
eistud-18147	115	12	to	to	ADP
eistud-18147	115	13	the	the	DET
eistud-18147	115	14	growing	grow	VERB
eistud-18147	115	15	gdp	gdp	NOUN
eistud-18147	115	16	base	base	NOUN
eistud-18147	115	17	.	.	PUNCT
eistud-18147	116	1	the	the	DET
eistud-18147	116	2	results	result	NOUN
eistud-18147	116	3	are	be	AUX
eistud-18147	116	4	comparable	comparable	ADJ
eistud-18147	116	5	with	with	ADP
eistud-18147	116	6	fsdi	fsdi	NOUN
eistud-18147	116	7	findings	finding	NOUN
eistud-18147	116	8	by	by	ADP
eistud-18147	116	9	the	the	DET
eistud-18147	116	10	world	world	PROPN
eistud-18147	116	11	bank	bank	PROPN
eistud-18147	116	12	in	in	ADP
eistud-18147	116	13	2004	2004	NUM
eistud-18147	116	14	,	,	PUNCT
eistud-18147	116	15	where	where	SCONJ
eistud-18147	116	16	the	the	DET
eistud-18147	116	17	proportion	proportion	NOUN
eistud-18147	116	18	of	of	ADP
eistud-18147	116	19	the	the	DET
eistud-18147	116	20	corporate	corporate	ADJ
eistud-18147	116	21	bonds	bond	NOUN
eistud-18147	116	22	outstanding	outstanding	ADJ
eistud-18147	116	23	as	as	ADP
eistud-18147	116	24	the	the	DET
eistud-18147	116	25	proportion	proportion	NOUN
eistud-18147	116	26	of	of	ADP
eistud-18147	116	27	gdp	gdp	NOUN
eistud-18147	116	28	of	of	ADP
eistud-18147	116	29	the	the	DET
eistud-18147	116	30	country	country	NOUN
eistud-18147	116	31	was	be	AUX
eistud-18147	116	32	found	find	VERB
eistud-18147	116	33	to	to	PART
eistud-18147	116	34	be	be	AUX
eistud-18147	116	35	a	a	DET
eistud-18147	116	36	40	40	NUM
eistud-18147	116	37	%	%	NOUN
eistud-18147	116	38	ratio	ratio	NOUN
eistud-18147	116	39	of	of	ADP
eistud-18147	116	40	high	high	ADJ
eistud-18147	116	41	income	income	NOUN
eistud-18147	116	42	oecd	oecd	PROPN
eistud-18147	116	43	countries	country	NOUN
eistud-18147	116	44	and	and	CCONJ
eistud-18147	116	45	4	4	NUM
eistud-18147	116	46	%	%	NOUN
eistud-18147	116	47	low	low	ADJ
eistud-18147	116	48	income	income	NOUN
eistud-18147	116	49	.	.	PUNCT
eistud-18147	117	1	(	(	PUNCT
eistud-18147	117	2	the	the	DET
eistud-18147	117	3	world	world	PROPN
eistud-18147	117	4	bank	bank	PROPN
eistud-18147	117	5	,	,	PUNCT
eistud-18147	117	6	2004	2004	NUM
eistud-18147	117	7	)	)	PUNCT
eistud-18147	117	8	.	.	PUNCT
eistud-18147	118	1	results	result	VERB
eistud-18147	118	2	european	european	ADJ
eistud-18147	118	3	integrat	integrat	PROPN
eistud-18147	118	4	ion	ion	NOUN
eistud-18147	118	5	studies	study	NOUN
eistud-18147	118	6	2017/11	2017/11	NUM
eistud-18147	118	7	116	116	NUM
eistud-18147	118	8	in	in	ADP
eistud-18147	118	9	its	its	PRON
eistud-18147	118	10	article	article	NOUN
eistud-18147	118	11	from	from	ADP
eistud-18147	118	12	2004	2004	NUM
eistud-18147	118	13	the	the	DET
eistud-18147	118	14	world	world	NOUN
eistud-18147	118	15	bank	bank	PROPN
eistud-18147	118	16	indicates	indicate	VERB
eistud-18147	118	17	that	that	SCONJ
eistud-18147	118	18	the	the	DET
eistud-18147	118	19	developing	develop	VERB
eistud-18147	118	20	countries	country	NOUN
eistud-18147	118	21	experience	experience	VERB
eistud-18147	118	22	difficulties	difficulty	NOUN
eistud-18147	118	23	utilizing	utilize	VERB
eistud-18147	118	24	international	international	ADJ
eistud-18147	118	25	markets	market	NOUN
eistud-18147	118	26	(	(	PUNCT
eistud-18147	118	27	the	the	DET
eistud-18147	118	28	world	world	PROPN
eistud-18147	118	29	bank	bank	PROPN
eistud-18147	118	30	,	,	PUNCT
eistud-18147	118	31	2004	2004	NUM
eistud-18147	118	32	)	)	PUNCT
eistud-18147	118	33	.	.	PUNCT
eistud-18147	119	1	all	all	PRON
eistud-18147	119	2	of	of	ADP
eistud-18147	119	3	the	the	DET
eistud-18147	119	4	six	six	NUM
eistud-18147	119	5	countries	country	NOUN
eistud-18147	119	6	observed	observe	VERB
eistud-18147	119	7	except	except	SCONJ
eistud-18147	119	8	hungary	hungary	PROPN
eistud-18147	119	9	have	have	AUX
eistud-18147	119	10	gone	go	VERB
eistud-18147	119	11	from	from	ADP
eistud-18147	119	12	2	2	NUM
eistud-18147	119	13	-	-	SYM
eistud-18147	119	14	24	24	NUM
eistud-18147	119	15	%	%	NOUN
eistud-18147	119	16	ratio	ratio	NOUN
eistud-18147	119	17	of	of	ADP
eistud-18147	119	18	international	international	ADJ
eistud-18147	119	19	debt	debt	NOUN
eistud-18147	119	20	to	to	ADP
eistud-18147	119	21	gdp	gdp	NOUN
eistud-18147	119	22	in	in	ADP
eistud-18147	119	23	2008	2008	NUM
eistud-18147	119	24	to	to	ADP
eistud-18147	119	25	11	11	NUM
eistud-18147	119	26	-	-	SYM
eistud-18147	119	27	37	37	NUM
eistud-18147	119	28	%	%	NOUN
eistud-18147	119	29	in	in	ADP
eistud-18147	119	30	2015	2015	NUM
eistud-18147	119	31	thus	thus	ADV
eistud-18147	119	32	proving	prove	VERB
eistud-18147	119	33	their	their	PRON
eistud-18147	119	34	positive	positive	ADJ
eistud-18147	119	35	dynamics	dynamic	NOUN
eistud-18147	119	36	and	and	CCONJ
eistud-18147	119	37	development	development	NOUN
eistud-18147	119	38	of	of	ADP
eistud-18147	119	39	the	the	DET
eistud-18147	119	40	capacity	capacity	NOUN
eistud-18147	119	41	to	to	PART
eistud-18147	119	42	attract	attract	VERB
eistud-18147	119	43	funds	fund	NOUN
eistud-18147	119	44	internationally	internationally	ADV
eistud-18147	119	45	.	.	PUNCT
eistud-18147	120	1	latvia	latvia	PROPN
eistud-18147	120	2	shares	share	VERB
eistud-18147	120	3	the	the	DET
eistud-18147	120	4	third	third	ADV
eistud-18147	120	5	highest	high	ADJ
eistud-18147	120	6	level	level	NOUN
eistud-18147	120	7	of	of	ADP
eistud-18147	120	8	the	the	DET
eistud-18147	120	9	international	international	ADJ
eistud-18147	120	10	debt	debt	NOUN
eistud-18147	120	11	as	as	ADP
eistud-18147	120	12	the	the	DET
eistud-18147	120	13	proportion	proportion	NOUN
eistud-18147	120	14	of	of	ADP
eistud-18147	120	15	gdp	gdp	NOUN
eistud-18147	120	16	within	within	ADP
eistud-18147	120	17	the	the	DET
eistud-18147	120	18	cluster	cluster	NOUN
eistud-18147	120	19	observed	observe	VERB
eistud-18147	120	20	thus	thus	ADV
eistud-18147	120	21	proving	prove	VERB
eistud-18147	120	22	presence	presence	NOUN
eistud-18147	120	23	of	of	ADP
eistud-18147	120	24	the	the	DET
eistud-18147	120	25	international	international	ADJ
eistud-18147	120	26	demand	demand	NOUN
eistud-18147	120	27	.	.	PUNCT
eistud-18147	121	1	according	accord	VERB
eistud-18147	121	2	to	to	ADP
eistud-18147	121	3	fsdi	fsdi	NOUN
eistud-18147	121	4	,	,	PUNCT
eistud-18147	121	5	the	the	DET
eistud-18147	121	6	access	access	NOUN
eistud-18147	121	7	is	be	AUX
eistud-18147	121	8	useful	useful	ADJ
eistud-18147	121	9	and	and	CCONJ
eistud-18147	121	10	effective	effective	ADJ
eistud-18147	121	11	only	only	ADV
eistud-18147	121	12	when	when	SCONJ
eistud-18147	121	13	the	the	DET
eistud-18147	121	14	cost	cost	NOUN
eistud-18147	121	15	of	of	ADP
eistud-18147	121	16	capital	capital	NOUN
eistud-18147	121	17	is	be	AUX
eistud-18147	121	18	low	low	ADJ
eistud-18147	121	19	and	and	CCONJ
eistud-18147	121	20	process	process	NOUN
eistud-18147	121	21	to	to	PART
eistud-18147	121	22	acquire	acquire	VERB
eistud-18147	121	23	capital	capital	NOUN
eistud-18147	121	24	is	be	AUX
eistud-18147	121	25	easy	easy	ADJ
eistud-18147	121	26	(	(	PUNCT
eistud-18147	121	27	the	the	DET
eistud-18147	121	28	world	world	PROPN
eistud-18147	121	29	bank	bank	PROPN
eistud-18147	121	30	,	,	PUNCT
eistud-18147	121	31	2004	2004	NUM
eistud-18147	121	32	)	)	PUNCT
eistud-18147	121	33	.	.	PUNCT
eistud-18147	122	1	while	while	SCONJ
eistud-18147	122	2	3	3	NUM
eistud-18147	122	3	month	month	NOUN
eistud-18147	122	4	and	and	CCONJ
eistud-18147	122	5	10	10	NUM
eistud-18147	122	6	year	year	NOUN
eistud-18147	122	7	maturities	maturity	NOUN
eistud-18147	122	8	bonds	bond	NOUN
eistud-18147	122	9	of	of	ADP
eistud-18147	122	10	the	the	DET
eistud-18147	122	11	sample	sample	NOUN
eistud-18147	122	12	countries	country	NOUN
eistud-18147	122	13	selected	select	VERB
eistud-18147	122	14	are	be	AUX
eistud-18147	122	15	issued	issue	VERB
eistud-18147	122	16	in	in	ADP
eistud-18147	122	17	different	different	ADJ
eistud-18147	122	18	countries	country	NOUN
eistud-18147	122	19	,	,	PUNCT
eistud-18147	122	20	all	all	DET
eistud-18147	122	21	the	the	DET
eistud-18147	122	22	relevant	relevant	ADJ
eistud-18147	122	23	cash	cash	NOUN
eistud-18147	122	24	flows	flow	NOUN
eistud-18147	122	25	need	need	VERB
eistud-18147	122	26	to	to	PART
eistud-18147	122	27	be	be	AUX
eistud-18147	122	28	swapped	swap	VERB
eistud-18147	122	29	to	to	ADP
eistud-18147	122	30	eur	eur	NOUN
eistud-18147	122	31	currency	currency	NOUN
eistud-18147	122	32	in	in	ADP
eistud-18147	122	33	order	order	NOUN
eistud-18147	122	34	to	to	PART
eistud-18147	122	35	compare	compare	VERB
eistud-18147	122	36	the	the	DET
eistud-18147	122	37	cost	cost	NOUN
eistud-18147	122	38	of	of	ADP
eistud-18147	122	39	capital	capital	NOUN
eistud-18147	122	40	of	of	ADP
eistud-18147	122	41	the	the	DET
eistud-18147	122	42	sovereign	sovereign	ADJ
eistud-18147	122	43	debt	debt	NOUN
eistud-18147	122	44	for	for	ADP
eistud-18147	122	45	3	3	NUM
eistud-18147	122	46	month	month	NOUN
eistud-18147	122	47	and	and	CCONJ
eistud-18147	122	48	10	10	NUM
eistud-18147	122	49	year	year	NOUN
eistud-18147	122	50	maturities	maturity	NOUN
eistud-18147	122	51	.	.	PUNCT
eistud-18147	123	1	all	all	DET
eistud-18147	123	2	the	the	DET
eistud-18147	123	3	cash	cash	NOUN
eistud-18147	123	4	flows	flow	NOUN
eistud-18147	123	5	were	be	AUX
eistud-18147	123	6	first	first	ADV
eistud-18147	123	7	swapped	swap	VERB
eistud-18147	123	8	to	to	ADP
eistud-18147	123	9	eur	eur	NOUN
eistud-18147	123	10	currency	currency	NOUN
eistud-18147	123	11	with	with	ADP
eistud-18147	123	12	the	the	DET
eistud-18147	123	13	help	help	NOUN
eistud-18147	123	14	of	of	ADP
eistud-18147	123	15	bloomberg	bloomberg	NOUN
eistud-18147	123	16	system	system	NOUN
eistud-18147	123	17	and	and	CCONJ
eistud-18147	123	18	then	then	ADV
eistud-18147	123	19	analysed	analyse	VERB
eistud-18147	123	20	.	.	PUNCT
eistud-18147	124	1	the	the	DET
eistud-18147	124	2	analysis	analysis	NOUN
eistud-18147	124	3	of	of	ADP
eistud-18147	124	4	3	3	NUM
eistud-18147	124	5	month	month	NOUN
eistud-18147	124	6	and	and	CCONJ
eistud-18147	124	7	10	10	NUM
eistud-18147	124	8	year	year	NOUN
eistud-18147	124	9	public	public	ADJ
eistud-18147	124	10	bonds	bond	NOUN
eistud-18147	124	11	of	of	ADP
eistud-18147	124	12	poland	poland	PROPN
eistud-18147	124	13	,	,	PUNCT
eistud-18147	124	14	latvia	latvia	PROPN
eistud-18147	124	15	,	,	PUNCT
eistud-18147	124	16	hungary	hungary	PROPN
eistud-18147	124	17	,	,	PUNCT
eistud-18147	124	18	slovakia	slovakia	PROPN
eistud-18147	124	19	,	,	PUNCT
eistud-18147	124	20	slovenia	slovenia	PROPN
eistud-18147	124	21	bulgaria	bulgaria	PROPN
eistud-18147	124	22	,	,	PUNCT
eistud-18147	124	23	lithuania	lithuania	PROPN
eistud-18147	124	24	and	and	CCONJ
eistud-18147	124	25	romania	romania	PROPN
eistud-18147	124	26	indicates	indicate	VERB
eistud-18147	124	27	the	the	DET
eistud-18147	124	28	difference	difference	NOUN
eistud-18147	124	29	in	in	ADP
eistud-18147	124	30	yields	yield	NOUN
eistud-18147	124	31	both	both	CCONJ
eistud-18147	124	32	in	in	ADP
eistud-18147	124	33	short	short	ADJ
eistud-18147	124	34	-	-	PUNCT
eistud-18147	124	35	term	term	NOUN
eistud-18147	124	36	and	and	CCONJ
eistud-18147	124	37	long	long	ADJ
eistud-18147	124	38	-	-	PUNCT
eistud-18147	124	39	term	term	NOUN
eistud-18147	124	40	segment	segment	NOUN
eistud-18147	124	41	.	.	PUNCT
eistud-18147	125	1	the	the	DET
eistud-18147	125	2	high	high	ADJ
eistud-18147	125	3	volatility	volatility	NOUN
eistud-18147	125	4	of	of	ADP
eistud-18147	125	5	short	short	ADJ
eistud-18147	125	6	-	-	PUNCT
eistud-18147	125	7	term	term	NOUN
eistud-18147	125	8	bond	bond	NOUN
eistud-18147	125	9	segment	segment	NOUN
eistud-18147	125	10	is	be	AUX
eistud-18147	125	11	stimulated	stimulate	VERB
eistud-18147	125	12	by	by	ADP
eistud-18147	125	13	the	the	DET
eistud-18147	125	14	low	low	ADJ
eistud-18147	125	15	interest	interest	NOUN
eistud-18147	125	16	rate	rate	NOUN
eistud-18147	125	17	environment	environment	NOUN
eistud-18147	125	18	as	as	ADV
eistud-18147	125	19	well	well	ADV
eistud-18147	125	20	as	as	ADP
eistud-18147	125	21	the	the	DET
eistud-18147	125	22	proximity	proximity	NOUN
eistud-18147	125	23	to	to	ADP
eistud-18147	125	24	maturity	maturity	NOUN
eistud-18147	125	25	.	.	PUNCT
eistud-18147	126	1	the	the	DET
eistud-18147	126	2	study	study	NOUN
eistud-18147	126	3	of	of	ADP
eistud-18147	126	4	the	the	DET
eistud-18147	126	5	world	world	PROPN
eistud-18147	126	6	bank	bank	PROPN
eistud-18147	126	7	(	(	PUNCT
eistud-18147	126	8	2004	2004	NUM
eistud-18147	126	9	)	)	PUNCT
eistud-18147	126	10	states	state	VERB
eistud-18147	126	11	that	that	SCONJ
eistud-18147	126	12	measurement	measurement	NOUN
eistud-18147	126	13	of	of	ADP
eistud-18147	126	14	domestic	domestic	ADJ
eistud-18147	126	15	bonds	bond	NOUN
eistud-18147	126	16	to	to	ADP
eistud-18147	126	17	total	total	ADJ
eistud-18147	126	18	bonds	bond	NOUN
eistud-18147	126	19	outstanding	outstanding	ADJ
eistud-18147	126	20	indicates	indicate	VERB
eistud-18147	126	21	the	the	DET
eistud-18147	126	22	capacity	capacity	NOUN
eistud-18147	126	23	of	of	ADP
eistud-18147	126	24	local	local	ADJ
eistud-18147	126	25	market	market	NOUN
eistud-18147	126	26	to	to	PART
eistud-18147	126	27	provide	provide	VERB
eistud-18147	126	28	capital	capital	NOUN
eistud-18147	126	29	.	.	PUNCT
eistud-18147	127	1	the	the	DET
eistud-18147	127	2	ratio	ratio	NOUN
eistud-18147	127	3	of	of	ADP
eistud-18147	127	4	domestic	domestic	ADJ
eistud-18147	127	5	bonds	bond	NOUN
eistud-18147	127	6	to	to	ADP
eistud-18147	127	7	total	total	ADJ
eistud-18147	127	8	bonds	bond	NOUN
eistud-18147	127	9	outstanding	outstanding	ADJ
eistud-18147	127	10	in	in	ADP
eistud-18147	127	11	the	the	DET
eistud-18147	127	12	cluster	cluster	NOUN
eistud-18147	127	13	observed	observe	VERB
eistud-18147	127	14	fluctuates	fluctuate	NOUN
eistud-18147	127	15	substantially	substantially	ADV
eistud-18147	127	16	reaching	reach	VERB
eistud-18147	127	17	76	76	NUM
eistud-18147	127	18	%	%	NOUN
eistud-18147	127	19	in	in	ADP
eistud-18147	127	20	poland	poland	PROPN
eistud-18147	127	21	and	and	CCONJ
eistud-18147	127	22	exceeding	exceed	VERB
eistud-18147	127	23	50	50	NUM
eistud-18147	127	24	%	%	NOUN
eistud-18147	127	25	in	in	ADP
eistud-18147	127	26	hungary	hungary	PROPN
eistud-18147	127	27	,	,	PUNCT
eistud-18147	127	28	slovenia	slovenia	PROPN
eistud-18147	127	29	and	and	CCONJ
eistud-18147	127	30	slovakia	slovakia	PROPN
eistud-18147	127	31	.	.	PUNCT
eistud-18147	128	1	the	the	DET
eistud-18147	128	2	latter	latter	ADJ
eistud-18147	128	3	could	could	AUX
eistud-18147	128	4	be	be	AUX
eistud-18147	128	5	partially	partially	ADV
eistud-18147	128	6	explained	explain	VERB
eistud-18147	128	7	by	by	ADP
eistud-18147	128	8	the	the	DET
eistud-18147	128	9	presence	presence	NOUN
eistud-18147	128	10	of	of	ADP
eistud-18147	128	11	the	the	DET
eistud-18147	128	12	local	local	ADJ
eistud-18147	128	13	currency	currency	NOUN
eistud-18147	128	14	,	,	PUNCT
eistud-18147	128	15	which	which	PRON
eistud-18147	128	16	stimulates	stimulate	VERB
eistud-18147	128	17	the	the	DET
eistud-18147	128	18	selection	selection	NOUN
eistud-18147	128	19	of	of	ADP
eistud-18147	128	20	the	the	DET
eistud-18147	128	21	local	local	ADJ
eistud-18147	128	22	instruments	instrument	NOUN
eistud-18147	128	23	by	by	ADP
eistud-18147	128	24	the	the	DET
eistud-18147	128	25	local	local	ADJ
eistud-18147	128	26	investors	investor	NOUN
eistud-18147	128	27	.	.	PUNCT
eistud-18147	129	1	the	the	DET
eistud-18147	129	2	study	study	NOUN
eistud-18147	129	3	of	of	ADP
eistud-18147	129	4	the	the	DET
eistud-18147	129	5	world	world	PROPN
eistud-18147	129	6	bank	bank	PROPN
eistud-18147	129	7	states	state	VERB
eistud-18147	129	8	that	that	SCONJ
eistud-18147	129	9	measurement	measurement	NOUN
eistud-18147	129	10	of	of	ADP
eistud-18147	129	11	domestic	domestic	ADJ
eistud-18147	129	12	private	private	ADJ
eistud-18147	129	13	bonds	bond	NOUN
eistud-18147	129	14	to	to	PART
eistud-18147	129	15	total	total	VERB
eistud-18147	129	16	domestic	domestic	ADJ
eistud-18147	129	17	bonds	bond	NOUN
eistud-18147	129	18	outstanding	outstanding	ADJ
eistud-18147	129	19	indicates	indicate	VERB
eistud-18147	129	20	the	the	DET
eistud-18147	129	21	degree	degree	NOUN
eistud-18147	129	22	of	of	ADP
eistud-18147	129	23	accessibility	accessibility	NOUN
eistud-18147	129	24	of	of	ADP
eistud-18147	129	25	the	the	DET
eistud-18147	129	26	resources	resource	NOUN
eistud-18147	129	27	locally	locally	ADV
eistud-18147	129	28	for	for	SCONJ
eistud-18147	129	29	the	the	DET
eistud-18147	129	30	companies	company	NOUN
eistud-18147	129	31	thus	thus	ADV
eistud-18147	129	32	affecting	affect	VERB
eistud-18147	129	33	their	their	PRON
eistud-18147	129	34	financing	financing	NOUN
eistud-18147	129	35	decision	decision	NOUN
eistud-18147	129	36	(	(	PUNCT
eistud-18147	129	37	the	the	DET
eistud-18147	129	38	world	world	PROPN
eistud-18147	129	39	bank	bank	PROPN
eistud-18147	129	40	,	,	PUNCT
eistud-18147	129	41	2004	2004	NUM
eistud-18147	129	42	)	)	PUNCT
eistud-18147	129	43	.	.	PUNCT
eistud-18147	130	1	latvia	latvia	PROPN
eistud-18147	130	2	is	be	AUX
eistud-18147	130	3	leading	lead	VERB
eistud-18147	130	4	the	the	DET
eistud-18147	130	5	sample	sample	NOUN
eistud-18147	130	6	with	with	ADP
eistud-18147	130	7	its	its	PRON
eistud-18147	130	8	50	50	NUM
eistud-18147	130	9	%	%	NOUN
eistud-18147	130	10	of	of	ADP
eistud-18147	130	11	domestic	domestic	ADJ
eistud-18147	130	12	corporate	corporate	ADJ
eistud-18147	130	13	debt	debt	NOUN
eistud-18147	130	14	as	as	ADP
eistud-18147	130	15	the	the	DET
eistud-18147	130	16	percentage	percentage	NOUN
eistud-18147	130	17	of	of	ADP
eistud-18147	130	18	the	the	DET
eistud-18147	130	19	total	total	ADJ
eistud-18147	130	20	domestic	domestic	ADJ
eistud-18147	130	21	debt	debt	NOUN
eistud-18147	130	22	.	.	PUNCT
eistud-18147	131	1	the	the	DET
eistud-18147	131	2	average	average	ADJ
eistud-18147	131	3	level	level	NOUN
eistud-18147	131	4	of	of	ADP
eistud-18147	131	5	the	the	DET
eistud-18147	131	6	sample	sample	NOUN
eistud-18147	131	7	observed	observe	VERB
eistud-18147	131	8	is	be	AUX
eistud-18147	131	9	reaching	reach	VERB
eistud-18147	131	10	only	only	ADV
eistud-18147	131	11	12	12	NUM
eistud-18147	131	12	%	%	NOUN
eistud-18147	131	13	in	in	ADP
eistud-18147	131	14	2015	2015	NUM
eistud-18147	131	15	indicating	indicate	VERB
eistud-18147	131	16	the	the	DET
eistud-18147	131	17	low	low	ADJ
eistud-18147	131	18	level	level	NOUN
eistud-18147	131	19	of	of	ADP
eistud-18147	131	20	development	development	NOUN
eistud-18147	131	21	of	of	ADP
eistud-18147	131	22	the	the	DET
eistud-18147	131	23	local	local	ADJ
eistud-18147	131	24	capital	capital	NOUN
eistud-18147	131	25	market	market	NOUN
eistud-18147	131	26	.	.	PUNCT
eistud-18147	132	1	this	this	DET
eistud-18147	132	2	indicator	indicator	NOUN
eistud-18147	132	3	reveals	reveal	VERB
eistud-18147	132	4	the	the	DET
eistud-18147	132	5	very	very	ADV
eistud-18147	132	6	strong	strong	ADJ
eistud-18147	132	7	position	position	NOUN
eistud-18147	132	8	of	of	ADP
eistud-18147	132	9	latvia	latvia	PROPN
eistud-18147	132	10	in	in	ADP
eistud-18147	132	11	the	the	DET
eistud-18147	132	12	domestic	domestic	ADJ
eistud-18147	132	13	corporate	corporate	ADJ
eistud-18147	132	14	debt	debt	NOUN
eistud-18147	132	15	market	market	NOUN
eistud-18147	132	16	.	.	PUNCT
eistud-18147	133	1	the	the	DET
eistud-18147	133	2	study	study	NOUN
eistud-18147	133	3	of	of	ADP
eistud-18147	133	4	the	the	DET
eistud-18147	133	5	world	world	NOUN
eistud-18147	133	6	bank	bank	PROPN
eistud-18147	133	7	stresses	stress	VERB
eistud-18147	133	8	the	the	DET
eistud-18147	133	9	importance	importance	NOUN
eistud-18147	133	10	of	of	ADP
eistud-18147	133	11	the	the	DET
eistud-18147	133	12	efficiency	efficiency	NOUN
eistud-18147	133	13	of	of	ADP
eistud-18147	133	14	the	the	DET
eistud-18147	133	15	bond	bond	NOUN
eistud-18147	133	16	market	market	NOUN
eistud-18147	133	17	stating	state	VERB
eistud-18147	133	18	that	that	SCONJ
eistud-18147	133	19	more	more	ADJ
eistud-18147	133	20	than	than	ADP
eistud-18147	133	21	130	130	NUM
eistud-18147	133	22	countries	country	NOUN
eistud-18147	133	23	have	have	VERB
eistud-18147	133	24	some	some	DET
eistud-18147	133	25	form	form	NOUN
eistud-18147	133	26	of	of	ADP
eistud-18147	133	27	organised	organise	VERB
eistud-18147	133	28	bond	bond	NOUN
eistud-18147	133	29	market	market	NOUN
eistud-18147	133	30	,	,	PUNCT
eistud-18147	133	31	but	but	CCONJ
eistud-18147	133	32	only	only	ADV
eistud-18147	133	33	50	50	NUM
eistud-18147	133	34	have	have	AUX
eistud-18147	133	35	figure	figure	NOUN
eistud-18147	133	36	1	1	NUM
eistud-18147	133	37	composite	composite	ADJ
eistud-18147	133	38	bond	bond	NOUN
eistud-18147	133	39	market	market	NOUN
eistud-18147	133	40	indicators	indicator	NOUN
eistud-18147	133	41	(	(	PUNCT
eistud-18147	133	42	author	author	NOUN
eistud-18147	133	43	’s	’s	PART
eistud-18147	133	44	construction	construction	NOUN
eistud-18147	133	45	based	base	VERB
eistud-18147	133	46	on	on	ADP
eistud-18147	133	47	the	the	DET
eistud-18147	133	48	world	world	PROPN
eistud-18147	133	49	bank	bank	PROPN
eistud-18147	133	50	,	,	PUNCT
eistud-18147	133	51	bloomberg	bloomberg	PROPN
eistud-18147	133	52	and	and	CCONJ
eistud-18147	133	53	bank	bank	PROPN
eistud-18147	133	54	for	for	ADP
eistud-18147	133	55	international	international	ADJ
eistud-18147	133	56	settlement	settlement	NOUN
eistud-18147	133	57	data	datum	NOUN
eistud-18147	133	58	,	,	PUNCT
eistud-18147	133	59	2071	2071	NUM
eistud-18147	133	60	)	)	PUNCT
eistud-18147	133	61	(	(	PUNCT
eistud-18147	133	62	1,50	1,50	NUM
eistud-18147	133	63	)	)	PUNCT
eistud-18147	133	64	(	(	PUNCT
eistud-18147	133	65	1,00	1,00	NUM
eistud-18147	133	66	)	)	PUNCT
eistud-18147	133	67	(	(	PUNCT
eistud-18147	133	68	0,50	0,50	X
eistud-18147	133	69	)	)	PUNCT
eistud-18147	133	70	0,50	0,50	PROPN
eistud-18147	134	1	1,00	1,00	NUM
eistud-18147	134	2	1,50	1,50	NUM
eistud-18147	134	3	2,00	2,00	PROPN
eistud-18147	134	4	size	size	NOUN
eistud-18147	134	5	access	access	NOUN
eistud-18147	134	6	efficiency	efficiency	NOUN
eistud-18147	134	7	stability	stability	NOUN
eistud-18147	134	8	poland	poland	PROPN
eistud-18147	134	9	latvia	latvia	PROPN
eistud-18147	134	10	hungary	hungary	PROPN
eistud-18147	134	11	slovakia	slovakia	PROPN
eistud-18147	134	12	slovenia	slovenia	PROPN
eistud-18147	134	13	bulgaria	bulgaria	PROPN
eistud-18147	134	14	lithuania	lithuania	PROPN
eistud-18147	134	15	romania	romania	PROPN
eistud-18147	134	16	117	117	NUM
eistud-18147	134	17	european	european	ADJ
eistud-18147	134	18	integrat	integrat	NOUN
eistud-18147	134	19	ion	ion	NOUN
eistud-18147	134	20	studies	study	NOUN
eistud-18147	134	21	2017/11	2017/11	NUM
eistud-18147	134	22	become	become	VERB
eistud-18147	134	23	substantial	substantial	ADJ
eistud-18147	134	24	in	in	ADP
eistud-18147	134	25	size	size	NOUN
eistud-18147	134	26	and	and	CCONJ
eistud-18147	134	27	even	even	ADV
eistud-18147	134	28	smaller	small	ADJ
eistud-18147	134	29	number	number	NOUN
eistud-18147	134	30	are	be	AUX
eistud-18147	134	31	efficient	efficient	ADJ
eistud-18147	134	32	by	by	ADP
eistud-18147	134	33	international	international	ADJ
eistud-18147	134	34	standards	standard	NOUN
eistud-18147	134	35	(	(	PUNCT
eistud-18147	134	36	the	the	DET
eistud-18147	134	37	world	world	PROPN
eistud-18147	134	38	bank	bank	PROPN
eistud-18147	134	39	,	,	PUNCT
eistud-18147	134	40	2004	2004	NUM
eistud-18147	134	41	)	)	PUNCT
eistud-18147	134	42	.	.	PUNCT
eistud-18147	135	1	despite	despite	SCONJ
eistud-18147	135	2	the	the	DET
eistud-18147	135	3	existing	exist	VERB
eistud-18147	135	4	difference	difference	NOUN
eistud-18147	135	5	in	in	ADP
eistud-18147	135	6	both	both	PRON
eistud-18147	135	7	size	size	NOUN
eistud-18147	135	8	and	and	CCONJ
eistud-18147	135	9	access	access	NOUN
eistud-18147	135	10	area	area	NOUN
eistud-18147	135	11	indicators	indicator	NOUN
eistud-18147	135	12	observed	observe	VERB
eistud-18147	135	13	before	before	ADV
eistud-18147	135	14	,	,	PUNCT
eistud-18147	135	15	the	the	DET
eistud-18147	135	16	efficiency	efficiency	NOUN
eistud-18147	135	17	area	area	NOUN
eistud-18147	135	18	metrics	metric	NOUN
eistud-18147	135	19	:	:	PUNCT
eistud-18147	135	20	bid	bid	VERB
eistud-18147	135	21	-	-	PUNCT
eistud-18147	135	22	ask	ask	NOUN
eistud-18147	135	23	spread	spread	NOUN
eistud-18147	135	24	,	,	PUNCT
eistud-18147	135	25	quote	quote	INTJ
eistud-18147	135	26	size	size	NOUN
eistud-18147	135	27	and	and	CCONJ
eistud-18147	135	28	the	the	DET
eistud-18147	135	29	number	number	NOUN
eistud-18147	135	30	of	of	ADP
eistud-18147	135	31	the	the	DET
eistud-18147	135	32	counterparties	counterpartie	NOUN
eistud-18147	135	33	providing	provide	VERB
eistud-18147	135	34	bid	bid	NOUN
eistud-18147	135	35	/	/	SYM
eistud-18147	135	36	ask	ask	NOUN
eistud-18147	135	37	quotes	quote	NOUN
eistud-18147	135	38	for	for	ADP
eistud-18147	135	39	the	the	DET
eistud-18147	135	40	bonds	bond	NOUN
eistud-18147	135	41	,	,	PUNCT
eistud-18147	135	42	are	be	AUX
eistud-18147	135	43	comparatively	comparatively	ADV
eistud-18147	135	44	similar	similar	ADJ
eistud-18147	135	45	.	.	PUNCT
eistud-18147	136	1	latvia	latvia	PROPN
eistud-18147	136	2	demonstrates	demonstrate	VERB
eistud-18147	136	3	the	the	DET
eistud-18147	136	4	lowest	low	ADJ
eistud-18147	136	5	bid	bid	NOUN
eistud-18147	136	6	-	-	PUNCT
eistud-18147	136	7	ask	ask	NOUN
eistud-18147	136	8	spread	spread	NOUN
eistud-18147	136	9	from	from	ADP
eistud-18147	136	10	all	all	DET
eistud-18147	136	11	the	the	DET
eistud-18147	136	12	six	six	NUM
eistud-18147	136	13	countries	country	NOUN
eistud-18147	136	14	while	while	SCONJ
eistud-18147	136	15	sharing	share	VERB
eistud-18147	136	16	the	the	DET
eistud-18147	136	17	average	average	ADJ
eistud-18147	136	18	quote	quote	NOUN
eistud-18147	136	19	size	size	NOUN
eistud-18147	136	20	and	and	CCONJ
eistud-18147	136	21	counterparties	counterpartie	NOUN
eistud-18147	136	22	providing	provide	VERB
eistud-18147	137	1	bid	bid	NOUN
eistud-18147	137	2	/	/	SYM
eistud-18147	137	3	ask	ask	NOUN
eistud-18147	137	4	quotes	quote	NOUN
eistud-18147	137	5	thus	thus	ADV
eistud-18147	137	6	indicating	indicate	VERB
eistud-18147	137	7	the	the	DET
eistud-18147	137	8	comparatively	comparatively	ADV
eistud-18147	137	9	efficient	efficient	ADJ
eistud-18147	137	10	market	market	NOUN
eistud-18147	137	11	.	.	PUNCT
eistud-18147	138	1	stability	stability	NOUN
eistud-18147	138	2	is	be	AUX
eistud-18147	138	3	the	the	DET
eistud-18147	138	4	last	last	ADJ
eistud-18147	138	5	area	area	NOUN
eistud-18147	138	6	of	of	ADP
eistud-18147	138	7	indicators	indicator	NOUN
eistud-18147	138	8	suggested	suggest	VERB
eistud-18147	138	9	by	by	ADP
eistud-18147	138	10	fsdi	fsdi	NOUN
eistud-18147	138	11	for	for	ADP
eistud-18147	138	12	the	the	DET
eistud-18147	138	13	analysis	analysis	NOUN
eistud-18147	138	14	of	of	ADP
eistud-18147	138	15	the	the	DET
eistud-18147	138	16	development	development	NOUN
eistud-18147	138	17	of	of	ADP
eistud-18147	138	18	the	the	DET
eistud-18147	138	19	corporate	corporate	ADJ
eistud-18147	138	20	bond	bond	NOUN
eistud-18147	138	21	market	market	NOUN
eistud-18147	138	22	.	.	PUNCT
eistud-18147	139	1	fsdi	fsdi	NOUN
eistud-18147	139	2	groups	group	NOUN
eistud-18147	139	3	stability	stability	NOUN
eistud-18147	139	4	indicators	indicator	NOUN
eistud-18147	139	5	into	into	ADP
eistud-18147	139	6	4	4	NUM
eistud-18147	139	7	areas	area	NOUN
eistud-18147	139	8	:	:	PUNCT
eistud-18147	139	9	volatility	volatility	NOUN
eistud-18147	139	10	,	,	PUNCT
eistud-18147	139	11	skewness	skewness	NOUN
eistud-18147	139	12	,	,	PUNCT
eistud-18147	139	13	maturity	maturity	NOUN
eistud-18147	139	14	and	and	CCONJ
eistud-18147	139	15	correlation	correlation	NOUN
eistud-18147	139	16	,	,	PUNCT
eistud-18147	139	17	thus	thus	ADV
eistud-18147	139	18	providing	provide	VERB
eistud-18147	139	19	6	6	NUM
eistud-18147	139	20	ratios	ratio	NOUN
eistud-18147	139	21	:	:	PUNCT
eistud-18147	139	22	volatility	volatility	NOUN
eistud-18147	139	23	of	of	ADP
eistud-18147	139	24	sovereign	sovereign	ADJ
eistud-18147	139	25	bond	bond	NOUN
eistud-18147	139	26	index	index	NOUN
eistud-18147	139	27	,	,	PUNCT
eistud-18147	139	28	skewness	skewness	NOUN
eistud-18147	139	29	of	of	ADP
eistud-18147	139	30	sovereign	sovereign	ADJ
eistud-18147	139	31	bond	bond	NOUN
eistud-18147	139	32	index	index	NOUN
eistud-18147	139	33	,	,	PUNCT
eistud-18147	139	34	ratio	ratio	NOUN
eistud-18147	139	35	of	of	ADP
eistud-18147	139	36	short	short	ADJ
eistud-18147	139	37	-	-	PUNCT
eistud-18147	139	38	term	term	NOUN
eistud-18147	139	39	to	to	ADP
eistud-18147	139	40	total	total	ADJ
eistud-18147	139	41	bonds	bond	NOUN
eistud-18147	139	42	(	(	PUNCT
eistud-18147	139	43	domestic	domestic	ADJ
eistud-18147	139	44	)	)	PUNCT
eistud-18147	139	45	,	,	PUNCT
eistud-18147	139	46	ratio	ratio	NOUN
eistud-18147	139	47	of	of	ADP
eistud-18147	139	48	short	short	ADJ
eistud-18147	139	49	-	-	PUNCT
eistud-18147	139	50	term	term	NOUN
eistud-18147	139	51	bond	bond	NOUN
eistud-18147	139	52	to	to	ADP
eistud-18147	139	53	total	total	ADJ
eistud-18147	139	54	bonds	bond	NOUN
eistud-18147	139	55	(	(	PUNCT
eistud-18147	139	56	international	international	ADJ
eistud-18147	139	57	)	)	PUNCT
eistud-18147	139	58	,	,	PUNCT
eistud-18147	139	59	correlation	correlation	NOUN
eistud-18147	139	60	with	with	ADP
eistud-18147	139	61	german	german	ADJ
eistud-18147	139	62	bond	bond	NOUN
eistud-18147	139	63	returns	return	NOUN
eistud-18147	139	64	,	,	PUNCT
eistud-18147	139	65	correlation	correlation	NOUN
eistud-18147	139	66	with	with	ADP
eistud-18147	139	67	us	us	PROPN
eistud-18147	139	68	bond	bond	NOUN
eistud-18147	139	69	returns	return	NOUN
eistud-18147	139	70	.	.	PUNCT
eistud-18147	140	1	(	(	PUNCT
eistud-18147	140	2	the	the	DET
eistud-18147	140	3	world	world	PROPN
eistud-18147	140	4	bank	bank	PROPN
eistud-18147	140	5	,	,	PUNCT
eistud-18147	140	6	2004	2004	NUM
eistud-18147	140	7	)	)	PUNCT
eistud-18147	140	8	.	.	PUNCT
eistud-18147	141	1	the	the	DET
eistud-18147	141	2	study	study	NOUN
eistud-18147	141	3	of	of	ADP
eistud-18147	141	4	the	the	DET
eistud-18147	141	5	world	world	PROPN
eistud-18147	141	6	bank	bank	PROPN
eistud-18147	141	7	states	state	VERB
eistud-18147	141	8	that	that	SCONJ
eistud-18147	141	9	stability	stability	NOUN
eistud-18147	141	10	of	of	ADP
eistud-18147	141	11	the	the	DET
eistud-18147	141	12	bond	bond	NOUN
eistud-18147	141	13	market	market	NOUN
eistud-18147	141	14	is	be	AUX
eistud-18147	141	15	influencing	influence	VERB
eistud-18147	141	16	the	the	DET
eistud-18147	141	17	cost	cost	NOUN
eistud-18147	141	18	of	of	ADP
eistud-18147	141	19	capital	capital	NOUN
eistud-18147	141	20	and	and	CCONJ
eistud-18147	141	21	thus	thus	ADV
eistud-18147	141	22	the	the	DET
eistud-18147	141	23	motivation	motivation	NOUN
eistud-18147	141	24	of	of	ADP
eistud-18147	141	25	the	the	DET
eistud-18147	141	26	investors	investor	NOUN
eistud-18147	141	27	to	to	PART
eistud-18147	141	28	enter	enter	VERB
eistud-18147	141	29	the	the	DET
eistud-18147	141	30	market	market	NOUN
eistud-18147	141	31	.	.	PUNCT
eistud-18147	142	1	(	(	PUNCT
eistud-18147	142	2	the	the	DET
eistud-18147	142	3	world	world	PROPN
eistud-18147	142	4	bank	bank	PROPN
eistud-18147	142	5	,	,	PUNCT
eistud-18147	142	6	2004	2004	NUM
eistud-18147	142	7	)	)	PUNCT
eistud-18147	142	8	.	.	PUNCT
eistud-18147	143	1	this	this	DET
eistud-18147	143	2	study	study	NOUN
eistud-18147	143	3	analyses	analyse	VERB
eistud-18147	143	4	the	the	DET
eistud-18147	143	5	stability	stability	NOUN
eistud-18147	143	6	of	of	ADP
eistud-18147	143	7	the	the	DET
eistud-18147	143	8	cluster	cluster	NOUN
eistud-18147	143	9	countries	country	NOUN
eistud-18147	143	10	applying	apply	VERB
eistud-18147	143	11	3	3	NUM
eistud-18147	143	12	groups	group	NOUN
eistud-18147	143	13	of	of	ADP
eistud-18147	143	14	ratios	ratio	NOUN
eistud-18147	143	15	:	:	PUNCT
eistud-18147	143	16	volatility	volatility	NOUN
eistud-18147	143	17	,	,	PUNCT
eistud-18147	143	18	skewness	skewness	NOUN
eistud-18147	143	19	and	and	CCONJ
eistud-18147	143	20	maturity	maturity	NOUN
eistud-18147	143	21	for	for	ADP
eistud-18147	143	22	public	public	ADJ
eistud-18147	143	23	bond	bond	NOUN
eistud-18147	143	24	segment	segment	NOUN
eistud-18147	143	25	only	only	ADV
eistud-18147	143	26	.	.	PUNCT
eistud-18147	144	1	latvia	latvia	PROPN
eistud-18147	144	2	demonstrates	demonstrate	VERB
eistud-18147	144	3	the	the	DET
eistud-18147	144	4	highest	high	ADJ
eistud-18147	144	5	level	level	NOUN
eistud-18147	144	6	of	of	ADP
eistud-18147	144	7	the	the	DET
eistud-18147	144	8	stability	stability	NOUN
eistud-18147	144	9	area	area	NOUN
eistud-18147	144	10	indicators	indicator	NOUN
eistud-18147	144	11	in	in	ADP
eistud-18147	144	12	the	the	DET
eistud-18147	144	13	cluster	cluster	NOUN
eistud-18147	144	14	observed	observe	VERB
eistud-18147	144	15	with	with	ADP
eistud-18147	144	16	the	the	DET
eistud-18147	144	17	comparatively	comparatively	ADV
eistud-18147	144	18	low	low	ADJ
eistud-18147	144	19	level	level	NOUN
eistud-18147	144	20	of	of	ADP
eistud-18147	144	21	short	short	ADJ
eistud-18147	144	22	-	-	PUNCT
eistud-18147	144	23	term	term	NOUN
eistud-18147	144	24	bonds	bond	NOUN
eistud-18147	144	25	issues	issue	NOUN
eistud-18147	144	26	and	and	CCONJ
eistud-18147	144	27	presence	presence	NOUN
eistud-18147	144	28	of	of	ADP
eistud-18147	144	29	longer	long	ADJ
eistud-18147	144	30	-	-	PUNCT
eistud-18147	144	31	term	term	NOUN
eistud-18147	144	32	financing	financing	NOUN
eistud-18147	144	33	possibilities	possibility	NOUN
eistud-18147	144	34	open	open	ADJ
eistud-18147	144	35	for	for	ADP
eistud-18147	144	36	both	both	CCONJ
eistud-18147	144	37	sovereign	sovereign	ADJ
eistud-18147	144	38	and	and	CCONJ
eistud-18147	144	39	corporate	corporate	ADJ
eistud-18147	144	40	segment	segment	NOUN
eistud-18147	144	41	in	in	ADP
eistud-18147	144	42	the	the	DET
eistud-18147	144	43	country	country	NOUN
eistud-18147	144	44	.	.	PUNCT
eistud-18147	145	1	_	_	PUNCT
eistud-18147	145	2	despite	despite	SCONJ
eistud-18147	145	3	the	the	DET
eistud-18147	145	4	current	current	ADJ
eistud-18147	145	5	strong	strong	ADJ
eistud-18147	145	6	focus	focus	NOUN
eistud-18147	145	7	towards	towards	ADP
eistud-18147	145	8	market	market	NOUN
eistud-18147	145	9	-	-	PUNCT
eistud-18147	145	10	based	base	VERB
eistud-18147	145	11	economy	economy	NOUN
eistud-18147	145	12	,	,	PUNCT
eistud-18147	145	13	the	the	DET
eistud-18147	145	14	academic	academic	ADJ
eistud-18147	145	15	research	research	NOUN
eistud-18147	145	16	defines	define	VERB
eistud-18147	145	17	market	market	NOUN
eistud-18147	145	18	-	-	PUNCT
eistud-18147	145	19	based	base	VERB
eistud-18147	145	20	,	,	PUNCT
eistud-18147	145	21	bank	bank	NOUN
eistud-18147	145	22	-	-	PUNCT
eistud-18147	145	23	based	base	VERB
eistud-18147	145	24	,	,	PUNCT
eistud-18147	145	25	financial	financial	ADJ
eistud-18147	145	26	services	service	NOUN
eistud-18147	145	27	and	and	CCONJ
eistud-18147	145	28	legal	legal	ADJ
eistud-18147	145	29	-	-	PUNCT
eistud-18147	145	30	based	base	VERB
eistud-18147	145	31	views	view	NOUN
eistud-18147	145	32	.	.	PUNCT
eistud-18147	146	1	the	the	DET
eistud-18147	146	2	apparent	apparent	ADJ
eistud-18147	146	3	skewness	skewness	NOUN
eistud-18147	146	4	to	to	ADP
eistud-18147	146	5	bank	bank	NOUN
eistud-18147	146	6	-	-	PUNCT
eistud-18147	146	7	based	base	VERB
eistud-18147	146	8	view	view	NOUN
eistud-18147	146	9	domination	domination	NOUN
eistud-18147	146	10	can	can	AUX
eistud-18147	146	11	be	be	AUX
eistud-18147	146	12	observed	observe	VERB
eistud-18147	146	13	in	in	ADP
eistud-18147	146	14	the	the	DET
eistud-18147	146	15	early	early	ADJ
eistud-18147	146	16	research	research	NOUN
eistud-18147	146	17	in	in	ADP
eistud-18147	146	18	the	the	DET
eistud-18147	146	19	period	period	NOUN
eistud-18147	146	20	mid-1990s	mid-1990	NOUN
eistud-18147	146	21	early	early	ADJ
eistud-18147	146	22	2000s	2000s	NUM
eistud-18147	146	23	.	.	PUNCT
eistud-18147	147	1	pre	pre	ADJ
eistud-18147	147	2	-	-	ADJ
eistud-18147	147	3	crisis	crisis	ADJ
eistud-18147	147	4	studies	study	NOUN
eistud-18147	147	5	emphasize	emphasize	VERB
eistud-18147	147	6	the	the	DET
eistud-18147	147	7	cost	cost	NOUN
eistud-18147	147	8	-	-	PUNCT
eistud-18147	147	9	effectiveness	effectiveness	NOUN
eistud-18147	147	10	and	and	CCONJ
eistud-18147	147	11	safety	safety	NOUN
eistud-18147	147	12	of	of	ADP
eistud-18147	147	13	bank	bank	NOUN
eistud-18147	147	14	-	-	PUNCT
eistud-18147	147	15	based	base	VERB
eistud-18147	147	16	financing	financing	NOUN
eistud-18147	147	17	due	due	ADP
eistud-18147	147	18	to	to	ADP
eistud-18147	147	19	higher	high	ADJ
eistud-18147	147	20	monitoring	monitoring	NOUN
eistud-18147	147	21	and	and	CCONJ
eistud-18147	147	22	control	control	NOUN
eistud-18147	147	23	function	function	NOUN
eistud-18147	147	24	performed	perform	VERB
eistud-18147	147	25	by	by	ADP
eistud-18147	147	26	the	the	DET
eistud-18147	147	27	banking	banking	NOUN
eistud-18147	147	28	sector	sector	NOUN
eistud-18147	147	29	versus	versus	ADP
eistud-18147	147	30	lower	low	ADJ
eistud-18147	147	31	control	control	NOUN
eistud-18147	147	32	from	from	ADP
eistud-18147	147	33	the	the	DET
eistud-18147	147	34	investor	investor	NOUN
eistud-18147	147	35	society	society	NOUN
eistud-18147	147	36	.	.	PUNCT
eistud-18147	148	1	_	_	PUNCT
eistud-18147	148	2	while	while	SCONJ
eistud-18147	148	3	skewed	skew	VERB
eistud-18147	148	4	to	to	ADP
eistud-18147	148	5	bank	bank	NOUN
eistud-18147	148	6	-	-	PUNCT
eistud-18147	148	7	based	base	VERB
eistud-18147	148	8	economy	economy	NOUN
eistud-18147	148	9	efficiency	efficiency	NOUN
eistud-18147	148	10	before	before	ADP
eistud-18147	148	11	crisis	crisis	NOUN
eistud-18147	148	12	,	,	PUNCT
eistud-18147	148	13	the	the	DET
eistud-18147	148	14	researchers	researcher	NOUN
eistud-18147	148	15	have	have	AUX
eistud-18147	148	16	turned	turn	VERB
eistud-18147	148	17	to	to	ADP
eistud-18147	148	18	more	more	ADJ
eistud-18147	148	19	market	market	NOUN
eistud-18147	148	20	-	-	PUNCT
eistud-18147	148	21	based	base	VERB
eistud-18147	148	22	approach	approach	NOUN
eistud-18147	148	23	in	in	ADP
eistud-18147	148	24	postcrisis	postcrisis	NOUN
eistud-18147	148	25	period	period	NOUN
eistud-18147	148	26	.	.	PUNCT
eistud-18147	149	1	post	post	ADJ
eistud-18147	149	2	-	-	ADJ
eistud-18147	149	3	crisis	crisis	ADJ
eistud-18147	149	4	academic	academic	ADJ
eistud-18147	149	5	research	research	NOUN
eistud-18147	149	6	concentrate	concentrate	NOUN
eistud-18147	149	7	on	on	ADP
eistud-18147	149	8	finding	find	VERB
eistud-18147	149	9	:	:	PUNCT
eistud-18147	149	10	the	the	DET
eistud-18147	149	11	relationship	relationship	NOUN
eistud-18147	149	12	between	between	ADP
eistud-18147	149	13	the	the	DET
eistud-18147	149	14	crisis	crisis	NOUN
eistud-18147	149	15	effect	effect	NOUN
eistud-18147	149	16	and	and	CCONJ
eistud-18147	149	17	economic	economic	ADJ
eistud-18147	149	18	growth	growth	NOUN
eistud-18147	149	19	and	and	CCONJ
eistud-18147	149	20	the	the	DET
eistud-18147	149	21	type	type	NOUN
eistud-18147	149	22	of	of	ADP
eistud-18147	149	23	financial	financial	ADJ
eistud-18147	149	24	system	system	NOUN
eistud-18147	149	25	;	;	PUNCT
eistud-18147	149	26	qe	qe	PROPN
eistud-18147	149	27	effect	effect	NOUN
eistud-18147	149	28	and	and	CCONJ
eistud-18147	149	29	financial	financial	ADJ
eistud-18147	149	30	system	system	NOUN
eistud-18147	149	31	;	;	PUNCT
eistud-18147	149	32	an	an	DET
eistud-18147	149	33	alternative	alternative	ADJ
eistud-18147	149	34	view	view	NOUN
eistud-18147	149	35	on	on	ADP
eistud-18147	149	36	the	the	DET
eistud-18147	149	37	classification	classification	NOUN
eistud-18147	149	38	of	of	ADP
eistud-18147	149	39	the	the	DET
eistud-18147	149	40	financial	financial	ADJ
eistud-18147	149	41	system	system	NOUN
eistud-18147	149	42	of	of	ADP
eistud-18147	149	43	a	a	DET
eistud-18147	149	44	country	country	NOUN
eistud-18147	149	45	.	.	PUNCT
eistud-18147	150	1	moreover	moreover	ADV
eistud-18147	150	2	the	the	DET
eistud-18147	150	3	focus	focus	NOUN
eistud-18147	150	4	of	of	ADP
eistud-18147	150	5	the	the	DET
eistud-18147	150	6	ec	ec	PROPN
eistud-18147	150	7	towards	towards	ADP
eistud-18147	150	8	cmu	cmu	PROPN
eistud-18147	150	9	has	have	AUX
eistud-18147	150	10	left	leave	VERB
eistud-18147	150	11	very	very	ADV
eistud-18147	150	12	scares	scares	ADJ
eistud-18147	150	13	research	research	NOUN
eistud-18147	150	14	on	on	ADP
eistud-18147	150	15	bank	bank	NOUN
eistud-18147	150	16	-	-	PUNCT
eistud-18147	150	17	based	base	VERB
eistud-18147	150	18	economy	economy	NOUN
eistud-18147	150	19	efficiency	efficiency	NOUN
eistud-18147	150	20	.	.	PUNCT
eistud-18147	151	1	_	_	PUNCT
eistud-18147	152	1	the	the	DET
eistud-18147	152	2	shift	shift	NOUN
eistud-18147	152	3	in	in	ADP
eistud-18147	152	4	bank	bank	NOUN
eistud-18147	152	5	-	-	PUNCT
eistud-18147	152	6	based	base	VERB
eistud-18147	152	7	and	and	CCONJ
eistud-18147	152	8	market	market	NOUN
eistud-18147	152	9	-	-	PUNCT
eistud-18147	152	10	based	base	VERB
eistud-18147	152	11	economy	economy	NOUN
eistud-18147	152	12	paradigm	paradigm	NOUN
eistud-18147	152	13	is	be	AUX
eistud-18147	152	14	taking	take	VERB
eistud-18147	152	15	place	place	NOUN
eistud-18147	152	16	by	by	ADP
eistud-18147	152	17	observing	observe	VERB
eistud-18147	152	18	both	both	PRON
eistud-18147	152	19	not	not	PART
eistud-18147	152	20	as	as	ADP
eistud-18147	152	21	substitutes	substitute	NOUN
eistud-18147	152	22	any	any	PRON
eistud-18147	152	23	more	more	ADJ
eistud-18147	152	24	but	but	CCONJ
eistud-18147	152	25	as	as	ADP
eistud-18147	152	26	complements	complement	NOUN
eistud-18147	152	27	.	.	PUNCT
eistud-18147	153	1	gradually	gradually	ADV
eistud-18147	153	2	the	the	DET
eistud-18147	153	3	border	border	NOUN
eistud-18147	153	4	between	between	ADP
eistud-18147	153	5	the	the	DET
eistud-18147	153	6	market	market	NOUN
eistud-18147	153	7	and	and	CCONJ
eistud-18147	153	8	financial	financial	ADJ
eistud-18147	153	9	institution	institution	NOUN
eistud-18147	153	10	is	be	AUX
eistud-18147	153	11	becoming	become	VERB
eistud-18147	153	12	more	more	ADV
eistud-18147	153	13	blurred	blurred	ADJ
eistud-18147	153	14	and	and	CCONJ
eistud-18147	153	15	banks	bank	NOUN
eistud-18147	153	16	are	be	AUX
eistud-18147	153	17	viewed	view	VERB
eistud-18147	153	18	from	from	ADP
eistud-18147	153	19	the	the	DET
eistud-18147	153	20	perspective	perspective	NOUN
eistud-18147	153	21	of	of	ADP
eistud-18147	153	22	the	the	DET
eistud-18147	153	23	financial	financial	ADJ
eistud-18147	153	24	market	market	NOUN
eistud-18147	153	25	participants	participant	NOUN
eistud-18147	153	26	and	and	CCONJ
eistud-18147	153	27	originators	originator	NOUN
eistud-18147	153	28	of	of	ADP
eistud-18147	153	29	the	the	DET
eistud-18147	153	30	bond	bond	NOUN
eistud-18147	153	31	issues	issue	NOUN
eistud-18147	153	32	.	.	PUNCT
eistud-18147	154	1	additionally	additionally	ADV
eistud-18147	154	2	the	the	DET
eistud-18147	154	3	significance	significance	NOUN
eistud-18147	154	4	of	of	ADP
eistud-18147	154	5	legal	legal	ADJ
eistud-18147	154	6	practice	practice	NOUN
eistud-18147	154	7	in	in	ADP
eistud-18147	154	8	the	the	DET
eistud-18147	154	9	country	country	NOUN
eistud-18147	154	10	as	as	ADP
eistud-18147	154	11	the	the	DET
eistud-18147	154	12	one	one	NOUN
eistud-18147	154	13	influencing	influence	VERB
eistud-18147	154	14	the	the	DET
eistud-18147	154	15	economy	economy	NOUN
eistud-18147	154	16	is	be	AUX
eistud-18147	154	17	stressed	stress	VERB
eistud-18147	154	18	by	by	ADP
eistud-18147	154	19	the	the	DET
eistud-18147	154	20	academic	academic	ADJ
eistud-18147	154	21	studies	study	NOUN
eistud-18147	154	22	.	.	PUNCT
eistud-18147	155	1	_	_	NOUN
eistud-18147	155	2	to	to	PART
eistud-18147	155	3	identify	identify	VERB
eistud-18147	155	4	the	the	DET
eistud-18147	155	5	development	development	NOUN
eistud-18147	155	6	of	of	ADP
eistud-18147	155	7	latvian	latvian	ADJ
eistud-18147	155	8	corporate	corporate	ADJ
eistud-18147	155	9	bond	bond	NOUN
eistud-18147	155	10	market	market	NOUN
eistud-18147	155	11	prior	prior	ADV
eistud-18147	155	12	to	to	ADP
eistud-18147	155	13	cmu	cmu	PROPN
eistud-18147	155	14	action	action	NOUN
eistud-18147	155	15	plan	plan	NOUN
eistud-18147	155	16	introduction	introduction	NOUN
eistud-18147	155	17	the	the	DET
eistud-18147	155	18	fsdi	fsdi	NOUN
eistud-18147	155	19	framework	framework	NOUN
eistud-18147	155	20	is	be	AUX
eistud-18147	155	21	selected	select	VERB
eistud-18147	155	22	.	.	PUNCT
eistud-18147	156	1	the	the	DET
eistud-18147	156	2	peer	peer	NOUN
eistud-18147	156	3	country	country	NOUN
eistud-18147	156	4	selection	selection	NOUN
eistud-18147	156	5	is	be	AUX
eistud-18147	156	6	based	base	VERB
eistud-18147	156	7	on	on	ADP
eistud-18147	156	8	the	the	DET
eistud-18147	156	9	study	study	NOUN
eistud-18147	156	10	of	of	ADP
eistud-18147	156	11	bending	bend	VERB
eistud-18147	156	12	et	et	PRON
eistud-18147	156	13	al	al	PROPN
eistud-18147	156	14	(	(	PUNCT
eistud-18147	156	15	2014	2014	NUM
eistud-18147	156	16	)	)	PUNCT
eistud-18147	156	17	,	,	PUNCT
eistud-18147	156	18	where	where	SCONJ
eistud-18147	156	19	the	the	DET
eistud-18147	156	20	countries	country	NOUN
eistud-18147	156	21	of	of	ADP
eistud-18147	156	22	the	the	DET
eistud-18147	156	23	european	european	PROPN
eistud-18147	156	24	union	union	PROPN
eistud-18147	156	25	are	be	AUX
eistud-18147	156	26	group	group	NOUN
eistud-18147	156	27	according	accord	VERB
eistud-18147	156	28	to	to	ADP
eistud-18147	156	29	the	the	DET
eistud-18147	156	30	presence	presence	NOUN
eistud-18147	156	31	of	of	ADP
eistud-18147	156	32	loans	loan	NOUN
eistud-18147	156	33	available	available	ADJ
eistud-18147	156	34	for	for	ADP
eistud-18147	156	35	non	non	ADJ
eistud-18147	156	36	-	-	ADJ
eistud-18147	156	37	financial	financial	ADJ
eistud-18147	156	38	companies	company	NOUN
eistud-18147	156	39	and	and	CCONJ
eistud-18147	156	40	capital	capital	NOUN
eistud-18147	156	41	market	market	NOUN
eistud-18147	156	42	size	size	NOUN
eistud-18147	156	43	indicators	indicator	NOUN
eistud-18147	156	44	.	.	PUNCT
eistud-18147	157	1	in	in	ADP
eistud-18147	157	2	the	the	DET
eistud-18147	157	3	result	result	NOUN
eistud-18147	157	4	4	4	NUM
eistud-18147	157	5	clusters	cluster	NOUN
eistud-18147	157	6	are	be	AUX
eistud-18147	157	7	formed	form	VERB
eistud-18147	157	8	.	.	PUNCT
eistud-18147	158	1	latvia	latvia	PROPN
eistud-18147	158	2	is	be	AUX
eistud-18147	158	3	sharing	share	VERB
eistud-18147	158	4	the	the	DET
eistud-18147	158	5	cluster	cluster	NOUN
eistud-18147	158	6	where	where	SCONJ
eistud-18147	158	7	both	both	PRON
eistud-18147	158	8	banking	banking	NOUN
eistud-18147	158	9	sectors	sector	NOUN
eistud-18147	158	10	and	and	CCONJ
eistud-18147	158	11	capital	capital	NOUN
eistud-18147	158	12	markets	market	NOUN
eistud-18147	158	13	appear	appear	VERB
eistud-18147	158	14	underdeveloped	underdeveloped	ADJ
eistud-18147	158	15	.	.	PUNCT
eistud-18147	159	1	the	the	DET
eistud-18147	159	2	countries	country	NOUN
eistud-18147	159	3	in	in	ADP
eistud-18147	159	4	the	the	DET
eistud-18147	159	5	sample	sample	NOUN
eistud-18147	159	6	are	be	AUX
eistud-18147	159	7	bulgaria	bulgaria	PROPN
eistud-18147	159	8	,	,	PUNCT
eistud-18147	159	9	hungary	hungary	PROPN
eistud-18147	159	10	,	,	PUNCT
eistud-18147	159	11	latvia	latvia	PROPN
eistud-18147	159	12	,	,	PUNCT
eistud-18147	159	13	lithuania	lithuania	PROPN
eistud-18147	159	14	,	,	PUNCT
eistud-18147	159	15	poland	poland	PROPN
eistud-18147	159	16	,	,	PUNCT
eistud-18147	159	17	romania	romania	PROPN
eistud-18147	159	18	,	,	PUNCT
eistud-18147	159	19	slovakia	slovakia	PROPN
eistud-18147	159	20	and	and	CCONJ
eistud-18147	159	21	slovenia	slovenia	PROPN
eistud-18147	159	22	.	.	PUNCT
eistud-18147	160	1	fsdi	fsdi	NOUN
eistud-18147	160	2	framework	framework	NOUN
eistud-18147	160	3	is	be	AUX
eistud-18147	160	4	run	run	VERB
eistud-18147	160	5	for	for	SCONJ
eistud-18147	160	6	the	the	DET
eistud-18147	160	7	whole	whole	ADJ
eistud-18147	160	8	cluster	cluster	NOUN
eistud-18147	160	9	to	to	PART
eistud-18147	160	10	identify	identify	VERB
eistud-18147	160	11	the	the	DET
eistud-18147	160	12	comparative	comparative	ADJ
eistud-18147	160	13	development	development	NOUN
eistud-18147	160	14	of	of	ADP
eistud-18147	160	15	latvia	latvia	PROPN
eistud-18147	160	16	within	within	ADP
eistud-18147	160	17	the	the	DET
eistud-18147	160	18	peer	peer	NOUN
eistud-18147	160	19	group	group	NOUN
eistud-18147	160	20	and	and	CCONJ
eistud-18147	160	21	potential	potential	NOUN
eistud-18147	160	22	for	for	ADP
eistud-18147	160	23	further	further	ADJ
eistud-18147	160	24	development	development	NOUN
eistud-18147	160	25	within	within	ADP
eistud-18147	160	26	cmu	cmu	PROPN
eistud-18147	160	27	action	action	NOUN
eistud-18147	160	28	presence	presence	NOUN
eistud-18147	160	29	conclusions	conclusion	VERB
eistud-18147	160	30	european	european	ADJ
eistud-18147	160	31	integrat	integrat	PROPN
eistud-18147	160	32	ion	ion	NOUN
eistud-18147	160	33	studies	study	NOUN
eistud-18147	160	34	2017/11	2017/11	NUM
eistud-18147	161	1	118	118	NUM
eistud-18147	161	2	_	_	NOUN
eistud-18147	161	3	size	size	NOUN
eistud-18147	161	4	area	area	NOUN
eistud-18147	161	5	is	be	AUX
eistud-18147	161	6	the	the	DET
eistud-18147	161	7	comparatively	comparatively	ADV
eistud-18147	161	8	weakest	weak	ADJ
eistud-18147	161	9	area	area	NOUN
eistud-18147	161	10	for	for	ADP
eistud-18147	161	11	latviacomparatively	latviacomparatively	ADV
eistud-18147	161	12	low	low	ADJ
eistud-18147	161	13	level	level	NOUN
eistud-18147	161	14	of	of	ADP
eistud-18147	161	15	sovereign	sovereign	ADJ
eistud-18147	161	16	debt	debt	NOUN
eistud-18147	161	17	outstanding	outstanding	ADJ
eistud-18147	161	18	and	and	CCONJ
eistud-18147	161	19	low	low	ADJ
eistud-18147	161	20	level	level	NOUN
eistud-18147	161	21	of	of	ADP
eistud-18147	161	22	the	the	DET
eistud-18147	161	23	size	size	NOUN
eistud-18147	161	24	of	of	ADP
eistud-18147	161	25	the	the	DET
eistud-18147	161	26	corporate	corporate	ADJ
eistud-18147	161	27	bond	bond	NOUN
eistud-18147	161	28	market	market	NOUN
eistud-18147	161	29	when	when	SCONJ
eistud-18147	161	30	related	relate	VERB
eistud-18147	161	31	to	to	ADP
eistud-18147	161	32	the	the	DET
eistud-18147	161	33	gdp	gdp	NOUN
eistud-18147	161	34	of	of	ADP
eistud-18147	161	35	the	the	DET
eistud-18147	161	36	country	country	NOUN
eistud-18147	161	37	place	place	VERB
eistud-18147	161	38	latvia	latvia	PROPN
eistud-18147	161	39	in	in	ADP
eistud-18147	161	40	the	the	DET
eistud-18147	161	41	lower	low	ADJ
eistud-18147	161	42	end	end	NOUN
eistud-18147	161	43	with	with	ADP
eistud-18147	161	44	romania	romania	PROPN
eistud-18147	161	45	and	and	CCONJ
eistud-18147	161	46	bulgaria	bulgaria	PROPN
eistud-18147	161	47	behind	behind	ADP
eistud-18147	161	48	.	.	PUNCT
eistud-18147	162	1	lithuania	lithuania	PROPN
eistud-18147	162	2	,	,	PUNCT
eistud-18147	162	3	slovakia	slovakia	PROPN
eistud-18147	162	4	and	and	CCONJ
eistud-18147	162	5	poland	poland	PROPN
eistud-18147	162	6	represent	represent	VERB
eistud-18147	162	7	the	the	DET
eistud-18147	162	8	average	average	ADJ
eistud-18147	162	9	level	level	NOUN
eistud-18147	162	10	in	in	ADP
eistud-18147	162	11	the	the	DET
eistud-18147	162	12	cluster	cluster	NOUN
eistud-18147	162	13	observed	observe	VERB
eistud-18147	162	14	.	.	PUNCT
eistud-18147	163	1	_	_	DET
eistud-18147	163	2	measurement	measurement	NOUN
eistud-18147	163	3	of	of	ADP
eistud-18147	163	4	domestic	domestic	ADJ
eistud-18147	163	5	private	private	ADJ
eistud-18147	163	6	bonds	bond	NOUN
eistud-18147	163	7	to	to	PART
eistud-18147	163	8	total	total	VERB
eistud-18147	163	9	domestic	domestic	ADJ
eistud-18147	163	10	bonds	bond	NOUN
eistud-18147	163	11	outstanding	outstanding	ADJ
eistud-18147	163	12	indicates	indicate	VERB
eistud-18147	163	13	the	the	DET
eistud-18147	163	14	degree	degree	NOUN
eistud-18147	163	15	of	of	ADP
eistud-18147	163	16	accessibility	accessibility	NOUN
eistud-18147	163	17	of	of	ADP
eistud-18147	163	18	the	the	DET
eistud-18147	163	19	resources	resource	NOUN
eistud-18147	163	20	locally	locally	ADV
eistud-18147	163	21	for	for	ADP
eistud-18147	163	22	the	the	DET
eistud-18147	163	23	companies	company	NOUN
eistud-18147	163	24	.	.	PUNCT
eistud-18147	164	1	latvia	latvia	PROPN
eistud-18147	164	2	has	have	VERB
eistud-18147	164	3	the	the	DET
eistud-18147	164	4	highest	high	ADJ
eistud-18147	164	5	ratio	ratio	NOUN
eistud-18147	164	6	within	within	ADP
eistud-18147	164	7	the	the	DET
eistud-18147	164	8	cluster	cluster	NOUN
eistud-18147	164	9	observed	observe	VERB
eistud-18147	164	10	with	with	ADP
eistud-18147	164	11	its	its	PRON
eistud-18147	164	12	50	50	NUM
eistud-18147	164	13	%	%	NOUN
eistud-18147	164	14	of	of	ADP
eistud-18147	164	15	domestic	domestic	ADJ
eistud-18147	164	16	corporate	corporate	ADJ
eistud-18147	164	17	debt	debt	NOUN
eistud-18147	164	18	as	as	ADP
eistud-18147	164	19	the	the	DET
eistud-18147	164	20	percentage	percentage	NOUN
eistud-18147	164	21	of	of	ADP
eistud-18147	164	22	the	the	DET
eistud-18147	164	23	total	total	ADJ
eistud-18147	164	24	domestic	domestic	ADJ
eistud-18147	164	25	debt	debt	NOUN
eistud-18147	164	26	.	.	PUNCT
eistud-18147	165	1	this	this	DET
eistud-18147	165	2	indicator	indicator	NOUN
eistud-18147	165	3	reveals	reveal	VERB
eistud-18147	165	4	relatively	relatively	ADV
eistud-18147	165	5	very	very	ADV
eistud-18147	165	6	strong	strong	ADJ
eistud-18147	165	7	position	position	NOUN
eistud-18147	165	8	of	of	ADP
eistud-18147	165	9	latvia	latvia	PROPN
eistud-18147	165	10	in	in	ADP
eistud-18147	165	11	the	the	DET
eistud-18147	165	12	domestic	domestic	ADJ
eistud-18147	165	13	corporate	corporate	ADJ
eistud-18147	165	14	debt	debt	NOUN
eistud-18147	165	15	market	market	NOUN
eistud-18147	165	16	as	as	ADV
eistud-18147	165	17	well	well	ADV
eistud-18147	165	18	as	as	ADP
eistud-18147	165	19	being	be	AUX
eistud-18147	165	20	the	the	DET
eistud-18147	165	21	metric	metric	NOUN
eistud-18147	165	22	of	of	ADP
eistud-18147	165	23	access	access	NOUN
eistud-18147	165	24	area	area	NOUN
eistud-18147	165	25	.	.	PUNCT
eistud-18147	166	1	_	_	PRON
eistud-18147	167	1	latvia	latvia	PROPN
eistud-18147	167	2	demonstrates	demonstrate	VERB
eistud-18147	167	3	the	the	DET
eistud-18147	167	4	lowest	low	ADJ
eistud-18147	167	5	bid	bid	NOUN
eistud-18147	167	6	-	-	PUNCT
eistud-18147	167	7	ask	ask	NOUN
eistud-18147	167	8	spread	spread	NOUN
eistud-18147	167	9	from	from	ADP
eistud-18147	167	10	all	all	DET
eistud-18147	167	11	the	the	DET
eistud-18147	167	12	six	six	NUM
eistud-18147	167	13	countries	country	NOUN
eistud-18147	167	14	while	while	SCONJ
eistud-18147	167	15	sharing	share	VERB
eistud-18147	167	16	the	the	DET
eistud-18147	167	17	average	average	ADJ
eistud-18147	167	18	quote	quote	NOUN
eistud-18147	167	19	size	size	NOUN
eistud-18147	167	20	and	and	CCONJ
eistud-18147	167	21	counterparties	counterpartie	NOUN
eistud-18147	167	22	providing	provide	VERB
eistud-18147	167	23	bid	bid	NOUN
eistud-18147	167	24	/	/	SYM
eistud-18147	167	25	ask	ask	NOUN
eistud-18147	167	26	quotes	quote	NOUN
eistud-18147	167	27	thus	thus	ADV
eistud-18147	167	28	indicating	indicate	VERB
eistud-18147	167	29	the	the	DET
eistud-18147	167	30	comparatively	comparatively	ADV
eistud-18147	167	31	efficient	efficient	ADJ
eistud-18147	167	32	market	market	NOUN
eistud-18147	167	33	.	.	PUNCT
eistud-18147	168	1	_	_	DET
eistud-18147	168	2	stability	stability	NOUN
eistud-18147	168	3	is	be	AUX
eistud-18147	168	4	the	the	DET
eistud-18147	168	5	strongest	strong	ADJ
eistud-18147	168	6	area	area	NOUN
eistud-18147	168	7	for	for	ADP
eistud-18147	168	8	latvian	latvian	ADJ
eistud-18147	168	9	bond	bond	NOUN
eistud-18147	168	10	market	market	NOUN
eistud-18147	168	11	and	and	CCONJ
eistud-18147	168	12	its	its	PRON
eistud-18147	168	13	corporate	corporate	ADJ
eistud-18147	168	14	segment	segment	NOUN
eistud-18147	168	15	where	where	SCONJ
eistud-18147	168	16	the	the	DET
eistud-18147	168	17	comparatively	comparatively	ADV
eistud-18147	168	18	low	low	ADJ
eistud-18147	168	19	level	level	NOUN
eistud-18147	168	20	of	of	ADP
eistud-18147	168	21	short	short	ADJ
eistud-18147	168	22	-	-	PUNCT
eistud-18147	168	23	term	term	NOUN
eistud-18147	168	24	bonds	bond	NOUN
eistud-18147	168	25	issues	issue	NOUN
eistud-18147	168	26	and	and	CCONJ
eistud-18147	168	27	presence	presence	NOUN
eistud-18147	168	28	of	of	ADP
eistud-18147	168	29	longer	long	ADJ
eistud-18147	168	30	-	-	PUNCT
eistud-18147	168	31	term	term	NOUN
eistud-18147	168	32	financing	financing	NOUN
eistud-18147	168	33	possibilities	possibility	NOUN
eistud-18147	168	34	are	be	AUX
eistud-18147	168	35	open	open	ADJ
eistud-18147	168	36	for	for	ADP
eistud-18147	168	37	both	both	CCONJ
eistud-18147	168	38	sovereign	sovereign	ADJ
eistud-18147	168	39	and	and	CCONJ
eistud-18147	168	40	corporate	corporate	ADJ
eistud-18147	168	41	segment	segment	NOUN
eistud-18147	168	42	in	in	ADP
eistud-18147	168	43	the	the	DET
eistud-18147	168	44	country	country	NOUN
eistud-18147	168	45	.	.	PUNCT
eistud-18147	169	1	_	_	PRON
eistud-18147	170	1	cmu	cmu	PROPN
eistud-18147	170	2	represents	represent	VERB
eistud-18147	170	3	an	an	DET
eistud-18147	170	4	action	action	NOUN
eistud-18147	170	5	plan	plan	NOUN
eistud-18147	170	6	with	with	ADP
eistud-18147	170	7	short	short	ADJ
eistud-18147	170	8	and	and	CCONJ
eistud-18147	170	9	medium	medium	ADJ
eistud-18147	170	10	term	term	NOUN
eistud-18147	170	11	focus	focus	NOUN
eistud-18147	170	12	.	.	PUNCT
eistud-18147	171	1	the	the	DET
eistud-18147	171	2	early	early	ADJ
eistud-18147	171	3	priorities	priority	NOUN
eistud-18147	171	4	of	of	ADP
eistud-18147	171	5	ec	ec	PROPN
eistud-18147	171	6	are	be	AUX
eistud-18147	171	7	reviewing	review	VERB
eistud-18147	171	8	company	company	NOUN
eistud-18147	171	9	documentation	documentation	NOUN
eistud-18147	171	10	;	;	PUNCT
eistud-18147	171	11	developing	develop	VERB
eistud-18147	171	12	standardised	standardised	ADJ
eistud-18147	171	13	methodologies	methodology	NOUN
eistud-18147	171	14	to	to	PART
eistud-18147	171	15	assess	assess	VERB
eistud-18147	171	16	the	the	DET
eistud-18147	171	17	creditworthiness	creditworthiness	NOUN
eistud-18147	171	18	of	of	ADP
eistud-18147	171	19	smes	sme	NOUN
eistud-18147	171	20	;	;	PUNCT
eistud-18147	171	21	reviving	revive	VERB
eistud-18147	171	22	high	high	ADJ
eistud-18147	171	23	quality	quality	NOUN
eistud-18147	171	24	securitisation	securitisation	NOUN
eistud-18147	171	25	;	;	PUNCT
eistud-18147	171	26	development	development	NOUN
eistud-18147	171	27	of	of	ADP
eistud-18147	171	28	european	european	ADJ
eistud-18147	171	29	long	long	ADJ
eistud-18147	171	30	term	term	NOUN
eistud-18147	171	31	investment	investment	NOUN
eistud-18147	171	32	funds	fund	NOUN
eistud-18147	171	33	;	;	PUNCT
eistud-18147	171	34	developing	develop	VERB
eistud-18147	171	35	european	european	ADJ
eistud-18147	171	36	private	private	ADJ
eistud-18147	171	37	placement	placement	NOUN
eistud-18147	171	38	market	market	NOUN
eistud-18147	171	39	.	.	PUNCT
eistud-18147	172	1	_	_	PUNCT
eistud-18147	172	2	latvian	latvian	ADJ
eistud-18147	172	3	bond	bond	NOUN
eistud-18147	172	4	market	market	NOUN
eistud-18147	172	5	and	and	CCONJ
eistud-18147	172	6	its	its	PRON
eistud-18147	172	7	corporate	corporate	ADJ
eistud-18147	172	8	segment	segment	NOUN
eistud-18147	172	9	from	from	ADP
eistud-18147	172	10	four	four	NUM
eistud-18147	172	11	areas	area	NOUN
eistud-18147	172	12	analysed	analyse	VERB
eistud-18147	172	13	:	:	PUNCT
eistud-18147	172	14	size	size	NOUN
eistud-18147	172	15	,	,	PUNCT
eistud-18147	172	16	access	access	NOUN
eistud-18147	172	17	,	,	PUNCT
eistud-18147	172	18	efficiency	efficiency	NOUN
eistud-18147	172	19	and	and	CCONJ
eistud-18147	172	20	stability	stability	NOUN
eistud-18147	172	21	;	;	PUNCT
eistud-18147	172	22	is	be	AUX
eistud-18147	172	23	facing	face	VERB
eistud-18147	172	24	the	the	DET
eistud-18147	172	25	challenge	challenge	NOUN
eistud-18147	172	26	only	only	ADV
eistud-18147	172	27	on	on	ADP
eistud-18147	172	28	the	the	DET
eistud-18147	172	29	size	size	NOUN
eistud-18147	172	30	metrics	metric	NOUN
eistud-18147	172	31	.	.	PUNCT
eistud-18147	173	1	the	the	DET
eistud-18147	173	2	actions	action	NOUN
eistud-18147	173	3	of	of	ADP
eistud-18147	173	4	cmu	cmu	PROPN
eistud-18147	173	5	targeted	target	VERB
eistud-18147	173	6	to	to	PART
eistud-18147	173	7	increase	increase	VERB
eistud-18147	173	8	directly	directly	ADV
eistud-18147	173	9	or	or	CCONJ
eistud-18147	173	10	indirectly	indirectly	ADV
eistud-18147	173	11	the	the	DET
eistud-18147	173	12	size	size	NOUN
eistud-18147	173	13	of	of	ADP
eistud-18147	173	14	the	the	DET
eistud-18147	173	15	market	market	NOUN
eistud-18147	173	16	should	should	AUX
eistud-18147	173	17	be	be	AUX
eistud-18147	173	18	prioritised	prioritise	VERB
eistud-18147	173	19	for	for	ADP
eistud-18147	173	20	latvian	latvian	ADJ
eistud-18147	173	21	corporate	corporate	ADJ
eistud-18147	173	22	bond	bond	NOUN
eistud-18147	173	23	market	market	NOUN
eistud-18147	173	24	.	.	PUNCT
eistud-18147	174	1	cmu	cmu	PROPN
eistud-18147	174	2	actions	action	NOUN
eistud-18147	174	3	related	relate	VERB
eistud-18147	174	4	to	to	PART
eistud-18147	174	5	increase	increase	VERB
eistud-18147	174	6	the	the	DET
eistud-18147	174	7	size	size	NOUN
eistud-18147	174	8	of	of	ADP
eistud-18147	174	9	the	the	DET
eistud-18147	174	10	corporate	corporate	ADJ
eistud-18147	174	11	bond	bond	NOUN
eistud-18147	174	12	market	market	NOUN
eistud-18147	174	13	are	be	AUX
eistud-18147	174	14	reviving	revive	VERB
eistud-18147	174	15	securitisation	securitisation	NOUN
eistud-18147	174	16	,	,	PUNCT
eistud-18147	174	17	participation	participation	NOUN
eistud-18147	174	18	in	in	ADP
eistud-18147	174	19	european	european	ADJ
eistud-18147	174	20	long	long	ADJ
eistud-18147	174	21	term	term	NOUN
eistud-18147	174	22	investment	investment	NOUN
eistud-18147	174	23	funds	fund	NOUN
eistud-18147	174	24	and	and	CCONJ
eistud-18147	174	25	developing	develop	VERB
eistud-18147	174	26	european	european	ADJ
eistud-18147	174	27	private	private	ADJ
eistud-18147	174	28	placement	placement	NOUN
eistud-18147	174	29	market	market	NOUN
eistud-18147	174	30	.	.	PUNCT
eistud-18147	175	1	_	_	DET
eistud-18147	175	2	recommendation	recommendation	NOUN
eistud-18147	175	3	for	for	ADP
eistud-18147	175	4	the	the	DET
eistud-18147	175	5	future	future	ADJ
eistud-18147	175	6	studies	study	NOUN
eistud-18147	175	7	include	include	VERB
eistud-18147	175	8	to	to	PART
eistud-18147	175	9	perform	perform	VERB
eistud-18147	175	10	in	in	ADP
eistud-18147	175	11	-	-	PUNCT
eistud-18147	175	12	depth	depth	NOUN
eistud-18147	175	13	analysis	analysis	NOUN
eistud-18147	175	14	of	of	ADP
eistud-18147	175	15	cmu	cmu	NOUN
eistud-18147	175	16	introduction	introduction	NOUN
eistud-18147	175	17	application	application	NOUN
eistud-18147	175	18	to	to	ADP
eistud-18147	175	19	latvia	latvia	PROPN
eistud-18147	175	20	with	with	ADP
eistud-18147	175	21	detailed	detailed	ADJ
eistud-18147	175	22	effect	effect	NOUN
eistud-18147	175	23	on	on	ADP
eistud-18147	175	24	latvian	latvian	ADJ
eistud-18147	175	25	corporate	corporate	ADJ
eistud-18147	175	26	bond	bond	NOUN
eistud-18147	175	27	market	market	NOUN
eistud-18147	175	28	and	and	CCONJ
eistud-18147	175	29	further	further	ADJ
eistud-18147	175	30	development	development	NOUN
eistud-18147	175	31	of	of	ADP
eistud-18147	175	32	the	the	DET
eistud-18147	175	33	focus	focus	NOUN
eistud-18147	175	34	of	of	ADP
eistud-18147	175	35	the	the	DET
eistud-18147	175	36	fsdi	fsdi	NOUN
eistud-18147	175	37	model	model	NOUN
eistud-18147	175	38	on	on	ADP
eistud-18147	175	39	the	the	DET
eistud-18147	175	40	corporate	corporate	ADJ
eistud-18147	175	41	bond	bond	NOUN
eistud-18147	175	42	sector	sector	NOUN
eistud-18147	175	43	by	by	ADP
eistud-18147	175	44	adding	add	VERB
eistud-18147	175	45	more	more	ADJ
eistud-18147	175	46	corporate	corporate	ADJ
eistud-18147	175	47	bond	bond	NOUN
eistud-18147	175	48	specific	specific	ADJ
eistud-18147	175	49	metrics	metric	NOUN
eistud-18147	175	50	to	to	ADP
eistud-18147	175	51	all	all	DET
eistud-18147	175	52	four	four	NUM
eistud-18147	175	53	areas	area	NOUN
eistud-18147	175	54	observed	observe	VERB
eistud-18147	175	55	in	in	ADP
eistud-18147	175	56	the	the	DET
eistud-18147	175	57	framework	framework	NOUN
eistud-18147	175	58	.	.	PUNCT
eistud-18147	176	1	allard	allard	PROPN
eistud-18147	176	2	,	,	PUNCT
eistud-18147	176	3	j.	j.	PROPN
eistud-18147	176	4	,	,	PUNCT
eistud-18147	176	5	blavy	blavy	PROPN
eistud-18147	176	6	,	,	PUNCT
eistud-18147	176	7	r.	r.	PROPN
eistud-18147	176	8	(	(	PUNCT
eistud-18147	176	9	2011	2011	NUM
eistud-18147	176	10	)	)	PUNCT
eistud-18147	176	11	.	.	PUNCT
eistud-18147	177	1	market	market	NOUN
eistud-18147	177	2	phoenixes	phoenix	NOUN
eistud-18147	177	3	and	and	CCONJ
eistud-18147	177	4	banking	banking	NOUN
eistud-18147	177	5	ducks	duck	NOUN
eistud-18147	177	6	.	.	PUNCT
eistud-18147	178	1	are	be	AUX
eistud-18147	178	2	recoveries	recovery	NOUN
eistud-18147	178	3	faster	fast	ADV
eistud-18147	178	4	in	in	ADP
eistud-18147	178	5	market	market	NOUN
eistud-18147	178	6	-	-	PUNCT
eistud-18147	178	7	based	base	VERB
eistud-18147	178	8	financial	financial	ADJ
eistud-18147	178	9	systems	system	NOUN
eistud-18147	178	10	?	?	PUNCT
eistud-18147	179	1	international	international	ADJ
eistud-18147	179	2	monetary	monetary	ADJ
eistud-18147	179	3	fund	fund	NOUN
eistud-18147	179	4	,	,	PUNCT
eistud-18147	179	5	11	11	NUM
eistud-18147	179	6	.	.	PUNCT
eistud-18147	180	1	allen	allen	PROPN
eistud-18147	180	2	,	,	PUNCT
eistud-18147	180	3	f.	f.	PROPN
eistud-18147	180	4	,	,	PUNCT
eistud-18147	180	5	gale	gale	PROPN
eistud-18147	180	6	,	,	PUNCT
eistud-18147	180	7	d.	d.	PROPN
eistud-18147	180	8	(	(	PUNCT
eistud-18147	180	9	2001	2001	NUM
eistud-18147	180	10	)	)	PUNCT
eistud-18147	180	11	.	.	PUNCT
eistud-18147	181	1	comparing	compare	VERB
eistud-18147	181	2	financial	financial	ADJ
eistud-18147	181	3	systems	system	NOUN
eistud-18147	181	4	,	,	PUNCT
eistud-18147	181	5	cambridge	cambridge	PROPN
eistud-18147	181	6	,	,	PUNCT
eistud-18147	181	7	mass	mass	PROPN
eistud-18147	181	8	.	.	PUNCT
eistud-18147	181	9	:	:	PUNCT
eistud-18147	182	1	mit	mit	VERB
eistud-18147	182	2	press	press	NOUN
eistud-18147	182	3	.	.	PUNCT
eistud-18147	183	1	artis	artis	PROPN
eistud-18147	183	2	,	,	PUNCT
eistud-18147	183	3	m.	m.	NOUN
eistud-18147	183	4	,	,	PUNCT
eistud-18147	183	5	j.	j.	PROPN
eistud-18147	183	6	(	(	PUNCT
eistud-18147	183	7	2002	2002	NUM
eistud-18147	183	8	)	)	PUNCT
eistud-18147	183	9	reflections	reflection	NOUN
eistud-18147	183	10	on	on	ADP
eistud-18147	183	11	the	the	DET
eistud-18147	183	12	optimal	optimal	ADJ
eistud-18147	183	13	currency	currency	NOUN
eistud-18147	183	14	area	area	NOUN
eistud-18147	183	15	(	(	PUNCT
eistud-18147	183	16	oca	oca	NOUN
eistud-18147	183	17	)	)	PUNCT
eistud-18147	183	18	criteria	criterion	NOUN
eistud-18147	183	19	in	in	ADP
eistud-18147	183	20	the	the	DET
eistud-18147	183	21	light	light	NOUN
eistud-18147	183	22	of	of	ADP
eistud-18147	183	23	emu	emu	PROPN
eistud-18147	183	24	.	.	PROPN
eistud-18147	183	25	working	working	NOUN
eistud-18147	183	26	paper	paper	NOUN
eistud-18147	183	27	,	,	PUNCT
eistud-18147	183	28	no	no	INTJ
eistud-18147	183	29	.	.	PROPN
eistud-18147	183	30	69	69	NUM
eistud-18147	183	31	of	of	ADP
eistud-18147	183	32	the	the	DET
eistud-18147	183	33	oesterreichische	oesterreichische	PROPN
eistud-18147	183	34	nationalbank	nationalbank	PROPN
eistud-18147	183	35	beck	beck	PROPN
eistud-18147	183	36	,	,	PUNCT
eistud-18147	183	37	t.	t.	PROPN
eistud-18147	183	38	and	and	CCONJ
eistud-18147	183	39	r.	r.	PROPN
eistud-18147	183	40	levine	levine	PROPN
eistud-18147	183	41	(	(	PUNCT
eistud-18147	183	42	2002	2002	NUM
eistud-18147	183	43	)	)	PUNCT
eistud-18147	183	44	.	.	PUNCT
eistud-18147	184	1	industry	industry	NOUN
eistud-18147	184	2	growth	growth	NOUN
eistud-18147	184	3	and	and	CCONJ
eistud-18147	184	4	capital	capital	NOUN
eistud-18147	184	5	allocation	allocation	NOUN
eistud-18147	184	6	:	:	PUNCT
eistud-18147	184	7	does	do	AUX
eistud-18147	184	8	having	have	VERB
eistud-18147	184	9	a	a	DET
eistud-18147	184	10	market	market	NOUN
eistud-18147	184	11	or	or	CCONJ
eistud-18147	184	12	bank	bank	NOUN
eistud-18147	184	13	-	-	PUNCT
eistud-18147	184	14	based	base	VERB
eistud-18147	184	15	system	system	NOUN
eistud-18147	184	16	matter	matter	NOUN
eistud-18147	184	17	?	?	PUNCT
eistud-18147	185	1	nber	nber	PROPN
eistud-18147	185	2	working	working	PROPN
eistud-18147	185	3	paper	paper	PROPN
eistud-18147	185	4	,	,	PUNCT
eistud-18147	185	5	no	no	INTJ
eistud-18147	185	6	.	.	NOUN
eistud-18147	185	7	8982	8982	NUM
eistud-18147	185	8	.	.	PUNCT
eistud-18147	186	1	https://doi.org/10.1016/s0304-405x(02)00074-0	https://doi.org/10.1016/s0304-405x(02)00074-0	NOUN
eistud-18147	186	2	bending	bending	NOUN
eistud-18147	186	3	,	,	PUNCT
eistud-18147	186	4	t.	t.	PROPN
eistud-18147	186	5	,	,	PUNCT
eistud-18147	186	6	berndt	berndt	PROPN
eistud-18147	186	7	,	,	PUNCT
eistud-18147	186	8	m.	m.	NOUN
eistud-18147	186	9	,	,	PUNCT
eistud-18147	186	10	betz	betz	PROPN
eistud-18147	186	11	,	,	PUNCT
eistud-18147	186	12	f.	f.	PROPN
eistud-18147	186	13	,	,	PUNCT
eistud-18147	186	14	brutscher	brutscher	PROPN
eistud-18147	186	15	,	,	PUNCT
eistud-18147	186	16	p.	p.	PROPN
eistud-18147	186	17	nelvin	nelvin	PROPN
eistud-18147	186	18	,	,	PUNCT
eistud-18147	186	19	o.	o.	PROPN
eistud-18147	186	20	,	,	PUNCT
eistud-18147	186	21	revoltella	revoltella	PROPN
eistud-18147	186	22	,	,	PUNCT
eistud-18147	186	23	d.	d.	PROPN
eistud-18147	186	24	,	,	PUNCT
eistud-18147	186	25	slacik	slacik	PROPN
eistud-18147	186	26	,	,	PUNCT
eistud-18147	186	27	t.	t.	PROPN
eistud-18147	186	28	,	,	PUNCT
eistud-18147	186	29	wolski	wolski	PROPN
eistud-18147	186	30	,	,	PUNCT
eistud-18147	186	31	m.	m.	NOUN
eistud-18147	186	32	(	(	PUNCT
eistud-18147	186	33	2014	2014	NUM
eistud-18147	186	34	)	)	PUNCT
eistud-18147	186	35	.	.	PUNCT
eistud-18147	187	1	unlocking	unlock	VERB
eistud-18147	187	2	lending	lending	NOUN
eistud-18147	187	3	in	in	ADP
eistud-18147	187	4	europe	europe	PROPN
eistud-18147	187	5	.	.	PUNCT
eistud-18147	188	1	working	work	VERB
eistud-18147	188	2	paper	paper	NOUN
eistud-18147	188	3	.	.	PUNCT
eistud-18147	189	1	european	european	PROPN
eistud-18147	189	2	investment	investment	PROPN
eistud-18147	189	3	bank	bank	PROPN
eistud-18147	189	4	.	.	PUNCT
eistud-18147	190	1	references	reference	NOUN
eistud-18147	190	2	benston	benston	NOUN
eistud-18147	190	3	,	,	PUNCT
eistud-18147	190	4	g.	g.	PROPN
eistud-18147	190	5	and	and	CCONJ
eistud-18147	190	6	smith	smith	PROPN
eistud-18147	190	7	,	,	PUNCT
eistud-18147	190	8	c.	c.	PROPN
eistud-18147	190	9	w.	w.	PROPN
eistud-18147	190	10	(	(	PUNCT
eistud-18147	190	11	1976	1976	NUM
eistud-18147	190	12	)	)	PUNCT
eistud-18147	190	13	.	.	PUNCT
eistud-18147	191	1	a	a	DET
eistud-18147	191	2	transaction	transaction	NOUN
eistud-18147	191	3	cost	cost	NOUN
eistud-18147	191	4	approach	approach	NOUN
eistud-18147	191	5	to	to	ADP
eistud-18147	191	6	the	the	DET
eistud-18147	191	7	theory	theory	NOUN
eistud-18147	191	8	of	of	ADP
eistud-18147	191	9	financial	financial	ADJ
eistud-18147	191	10	intermediation	intermediation	NOUN
eistud-18147	191	11	.	.	PUNCT
eistud-18147	192	1	journal	journal	PROPN
eistud-18147	192	2	of	of	ADP
eistud-18147	192	3	finance	finance	NOUN
eistud-18147	192	4	,	,	PUNCT
eistud-18147	192	5	31(2	31(2	NUM
eistud-18147	192	6	)	)	PUNCT
eistud-18147	192	7	,	,	PUNCT
eistud-18147	192	8	pp	pp	ADP
eistud-18147	192	9	.	.	PUNCT
eistud-18147	193	1	215	215	NUM
eistud-18147	193	2	-	-	SYM
eistud-18147	193	3	231	231	NUM
eistud-18147	193	4	.	.	PUNCT
eistud-18147	194	1	https://	https://	PROPN
eistud-18147	194	2	doi.org/10.2307/2326596	doi.org/10.2307/2326596	PROPN
eistud-18147	194	3	boot	boot	NOUN
eistud-18147	194	4	,	,	PUNCT
eistud-18147	194	5	a.	a.	PROPN
eistud-18147	194	6	w.	w.	PROPN
eistud-18147	194	7	a.	a.	PROPN
eistud-18147	194	8	and	and	CCONJ
eistud-18147	194	9	thakor	thakor	PROPN
eistud-18147	194	10	,	,	PUNCT
eistud-18147	194	11	a.	a.	NOUN
eistud-18147	194	12	(	(	PUNCT
eistud-18147	194	13	1997	1997	NUM
eistud-18147	194	14	)	)	PUNCT
eistud-18147	194	15	.	.	PUNCT
eistud-18147	195	1	financial	financial	ADJ
eistud-18147	195	2	system	system	NOUN
eistud-18147	195	3	architecture	architecture	NOUN
eistud-18147	195	4	.	.	PUNCT
eistud-18147	196	1	review	review	NOUN
eistud-18147	196	2	of	of	ADP
eistud-18147	196	3	financial	financial	ADJ
eistud-18147	196	4	studies	study	NOUN
eistud-18147	196	5	,	,	PUNCT
eistud-18147	196	6	10(3	10(3	NUM
eistud-18147	196	7	)	)	PUNCT
eistud-18147	196	8	,	,	PUNCT
eistud-18147	196	9	pp	pp	ADP
eistud-18147	196	10	.	.	PUNCT
eistud-18147	197	1	693	693	NUM
eistud-18147	197	2	-	-	SYM
eistud-18147	197	3	733	733	NUM
eistud-18147	197	4	.	.	PUNCT
eistud-18147	198	1	https://doi.org/10.1093/rfs/10.3.693	https://doi.org/10.1093/rfs/10.3.693	PROPN
eistud-18147	198	2	boyd	boyd	PROPN
eistud-18147	198	3	,	,	PUNCT
eistud-18147	198	4	j.	j.	PROPN
eistud-18147	198	5	h.	h.	PROPN
eistud-18147	198	6	and	and	CCONJ
eistud-18147	198	7	smith	smith	PROPN
eistud-18147	198	8	,	,	PUNCT
eistud-18147	198	9	b.	b.	PROPN
eistud-18147	198	10	d.	d.	PROPN
eistud-18147	198	11	(	(	PUNCT
eistud-18147	198	12	1998	1998	NUM
eistud-18147	198	13	)	)	PUNCT
eistud-18147	198	14	.	.	PUNCT
eistud-18147	199	1	the	the	DET
eistud-18147	199	2	evolution	evolution	NOUN
eistud-18147	199	3	of	of	ADP
eistud-18147	199	4	debt	debt	NOUN
eistud-18147	199	5	and	and	CCONJ
eistud-18147	199	6	equity	equity	NOUN
eistud-18147	199	7	markets	market	NOUN
eistud-18147	199	8	in	in	ADP
eistud-18147	199	9	economic	economic	ADJ
eistud-18147	199	10	debt	debt	NOUN
eistud-18147	199	11	.	.	PUNCT
eistud-18147	200	1	economic	economic	ADJ
eistud-18147	200	2	theory	theory	NOUN
eistud-18147	200	3	,	,	PUNCT
eistud-18147	200	4	12(3	12(3	NUM
eistud-18147	200	5	)	)	PUNCT
eistud-18147	200	6	,	,	PUNCT
eistud-18147	200	7	pp	pp	ADP
eistud-18147	200	8	.	.	PUNCT
eistud-18147	201	1	519	519	NUM
eistud-18147	201	2	-	-	SYM
eistud-18147	201	3	560	560	NUM
eistud-18147	201	4	.	.	PUNCT
eistud-18147	202	1	https://doi	https://doi	NOUN
eistud-18147	202	2	.	.	PUNCT
eistud-18147	202	3	org/10.1007	org/10.1007	PROPN
eistud-18147	202	4	/	/	SYM
eistud-18147	202	5	s001990050234	s001990050234	PROPN
eistud-18147	202	6	buiter	buiter	NOUN
eistud-18147	202	7	,	,	PUNCT
eistud-18147	202	8	w.	w.	PROPN
eistud-18147	202	9	,	,	PUNCT
eistud-18147	202	10	h.	h.	PROPN
eistud-18147	202	11	,	,	PUNCT
eistud-18147	202	12	corsetti	corsetti	PROPN
eistud-18147	202	13	,	,	PUNCT
eistud-18147	202	14	g.	g.	PROPN
eistud-18147	202	15	,	,	PUNCT
eistud-18147	202	16	roubini	roubini	PROPN
eistud-18147	202	17	,	,	PUNCT
eistud-18147	202	18	n.	n.	NOUN
eistud-18147	202	19	(	(	PUNCT
eistud-18147	202	20	1992	1992	NUM
eistud-18147	202	21	)	)	PUNCT
eistud-18147	202	22	.	.	PUNCT
eistud-18147	203	1	excessive	excessive	ADJ
eistud-18147	203	2	deficits	deficit	NOUN
eistud-18147	203	3	:	:	PUNCT
eistud-18147	203	4	sense	sense	NOUN
eistud-18147	203	5	and	and	CCONJ
eistud-18147	203	6	nonsense	nonsense	NOUN
eistud-18147	203	7	in	in	ADP
eistud-18147	203	8	the	the	DET
eistud-18147	203	9	treaty	treaty	NOUN
eistud-18147	203	10	of	of	ADP
eistud-18147	203	11	maastricht	maastricht	PROPN
eistud-18147	203	12	.	.	PUNCT
eistud-18147	204	1	center	center	PROPN
eistud-18147	204	2	discussion	discussion	NOUN
eistud-18147	204	3	paper	paper	NOUN
eistud-18147	204	4	,	,	PUNCT
eistud-18147	204	5	no	no	INTJ
eistud-18147	204	6	.	.	NOUN
eistud-18147	204	7	674	674	NUM
eistud-18147	204	8	.	.	PUNCT
eistud-18147	205	1	demirguc	demirguc	PROPN
eistud-18147	205	2	-	-	PUNCT
eistud-18147	205	3	kunt	kunt	PROPN
eistud-18147	205	4	,	,	PUNCT
eistud-18147	205	5	a	a	PRON
eistud-18147	205	6	,	,	PUNCT
eistud-18147	205	7	levine	levine	PROPN
eistud-18147	205	8	,	,	PUNCT
eistud-18147	205	9	r.	r.	PROPN
eistud-18147	205	10	(	(	PUNCT
eistud-18147	205	11	1999	1999	NUM
eistud-18147	205	12	)	)	PUNCT
eistud-18147	205	13	bank	bank	NOUN
eistud-18147	205	14	-	-	PUNCT
eistud-18147	205	15	based	base	VERB
eistud-18147	205	16	and	and	CCONJ
eistud-18147	205	17	market	market	NOUN
eistud-18147	205	18	-	-	PUNCT
eistud-18147	205	19	based	base	VERB
eistud-18147	205	20	financial	financial	ADJ
eistud-18147	205	21	systems	system	NOUN
eistud-18147	205	22	:	:	PUNCT
eistud-18147	205	23	cross	cross	ADJ
eistud-18147	205	24	-	-	ADJ
eistud-18147	205	25	country	country	ADJ
eistud-18147	205	26	comparisons	comparison	NOUN
eistud-18147	205	27	.	.	PUNCT
eistud-18147	206	1	the	the	DET
eistud-18147	206	2	world	world	PROPN
eistud-18147	206	3	bank	bank	PROPN
eistud-18147	206	4	.	.	PUNCT
eistud-18147	207	1	policy	policy	NOUN
eistud-18147	207	2	research	research	NOUN
eistud-18147	207	3	working	working	NOUN
eistud-18147	207	4	paper	paper	NOUN
eistud-18147	207	5	,	,	PUNCT
eistud-18147	207	6	no	no	INTJ
eistud-18147	207	7	.	.	NOUN
eistud-18147	207	8	2143	2143	NUM
eistud-18147	207	9	.	.	PUNCT
eistud-18147	208	1	119	119	NUM
eistud-18147	208	2	european	european	ADJ
eistud-18147	208	3	integrat	integrat	NOUN
eistud-18147	208	4	ion	ion	NOUN
eistud-18147	208	5	studies	study	NOUN
eistud-18147	208	6	2017/11	2017/11	NUM
eistud-18147	208	7	diamond	diamond	NOUN
eistud-18147	208	8	,	,	PUNCT
eistud-18147	208	9	d.	d.	PROPN
eistud-18147	208	10	w.	w.	PROPN
eistud-18147	208	11	(	(	PUNCT
eistud-18147	208	12	1984	1984	NUM
eistud-18147	208	13	)	)	PUNCT
eistud-18147	208	14	.	.	PUNCT
eistud-18147	209	1	financial	financial	ADJ
eistud-18147	209	2	intermediaries	intermediary	NOUN
eistud-18147	209	3	and	and	CCONJ
eistud-18147	209	4	delegated	delegate	VERB
eistud-18147	209	5	monitoring	monitoring	NOUN
eistud-18147	209	6	.	.	PUNCT
eistud-18147	210	1	review	review	NOUN
eistud-18147	210	2	of	of	ADP
eistud-18147	210	3	economic	economic	ADJ
eistud-18147	210	4	studies	study	NOUN
eistud-18147	210	5	,	,	PUNCT
eistud-18147	210	6	51(3	51(3	NUM
eistud-18147	210	7	)	)	PUNCT
eistud-18147	210	8	,	,	PUNCT
eistud-18147	210	9	pp	pp	PROPN
eistud-18147	210	10	.	.	PUNCT
eistud-18147	211	1	393	393	NUM
eistud-18147	211	2	-	-	SYM
eistud-18147	211	3	414	414	NUM
eistud-18147	211	4	.	.	PUNCT
eistud-18147	212	1	https://doi.org/10.2307/2297430	https://doi.org/10.2307/2297430	PROPN
eistud-18147	213	1	duca	duca	PROPN
eistud-18147	213	2	,	,	PUNCT
eistud-18147	213	3	m.l	m.l	PROPN
eistud-18147	213	4	.	.	PROPN
eistud-18147	213	5	,	,	PUNCT
eistud-18147	213	6	nicoletti	nicoletti	PROPN
eistud-18147	213	7	,	,	PUNCT
eistud-18147	213	8	g.	g.	PROPN
eistud-18147	213	9	,	,	PUNCT
eistud-18147	213	10	martinez	martinez	PROPN
eistud-18147	213	11	,	,	PUNCT
eistud-18147	213	12	a.v	a.v	PROPN
eistud-18147	213	13	.	.	PROPN
eistud-18147	213	14	(	(	PUNCT
eistud-18147	213	15	2015	2015	NUM
eistud-18147	213	16	)	)	PUNCT
eistud-18147	213	17	.	.	PUNCT
eistud-18147	214	1	global	global	ADJ
eistud-18147	214	2	corporate	corporate	ADJ
eistud-18147	214	3	bond	bond	NOUN
eistud-18147	214	4	issuance	issuance	NOUN
eistud-18147	214	5	:	:	PUNCT
eistud-18147	214	6	what	what	DET
eistud-18147	214	7	role	role	NOUN
eistud-18147	214	8	for	for	ADP
eistud-18147	214	9	us	we	PRON
eistud-18147	214	10	quantitative	quantitative	ADJ
eistud-18147	214	11	easing	easing	NOUN
eistud-18147	214	12	?	?	PUNCT
eistud-18147	215	1	journal	journal	NOUN
eistud-18147	215	2	of	of	ADP
eistud-18147	215	3	international	international	ADJ
eistud-18147	215	4	money	money	NOUN
eistud-18147	215	5	and	and	CCONJ
eistud-18147	215	6	finance	finance	NOUN
eistud-18147	215	7	,	,	PUNCT
eistud-18147	215	8	60	60	NUM
eistud-18147	215	9	,	,	PUNCT
eistud-18147	215	10	pp	pp	ADJ
eistud-18147	215	11	.	.	PUNCT
eistud-18147	216	1	114–150	114–150	NUM
eistud-18147	216	2	.	.	PUNCT
eistud-18147	217	1	https://doi.org/10.1016/j	https://doi.org/10.1016/j	NOUN
eistud-18147	217	2	.	.	PUNCT
eistud-18147	218	1	jimonfin.2015.07.013	jimonfin.2015.07.013	ADV
eistud-18147	218	2	ergungor	ergungor	PROPN
eistud-18147	218	3	o.e	o.e	PROPN
eistud-18147	218	4	.	.	PUNCT
eistud-18147	219	1	(	(	PUNCT
eistud-18147	219	2	2003	2003	NUM
eistud-18147	219	3	)	)	PUNCT
eistud-18147	219	4	.	.	PUNCT
eistud-18147	220	1	marketvs	marketv	NOUN
eistud-18147	220	2	.	.	PUNCT
eistud-18147	221	1	bank	bank	NOUN
eistud-18147	221	2	-	-	PUNCT
eistud-18147	221	3	based	base	VERB
eistud-18147	221	4	financial	financial	ADJ
eistud-18147	221	5	systems	system	NOUN
eistud-18147	221	6	:	:	PUNCT
eistud-18147	221	7	do	do	VERB
eistud-18147	221	8	rights	right	NOUN
eistud-18147	221	9	and	and	CCONJ
eistud-18147	221	10	regulations	regulation	NOUN
eistud-18147	221	11	really	really	ADV
eistud-18147	221	12	matter	matter	VERB
eistud-18147	221	13	?	?	PUNCT
eistud-18147	222	1	research	research	NOUN
eistud-18147	222	2	department	department	PROPN
eistud-18147	222	3	,	,	PUNCT
eistud-18147	222	4	federal	federal	PROPN
eistud-18147	222	5	reserve	reserve	PROPN
eistud-18147	222	6	bank	bank	PROPN
eistud-18147	222	7	of	of	ADP
eistud-18147	222	8	cleveland	cleveland	PROPN
eistud-18147	222	9	.	.	PUNCT
eistud-18147	223	1	european	european	PROPN
eistud-18147	223	2	commission	commission	PROPN
eistud-18147	223	3	.	.	PUNCT
eistud-18147	224	1	(	(	PUNCT
eistud-18147	224	2	2017	2017	NUM
eistud-18147	224	3	)	)	PUNCT
eistud-18147	224	4	.	.	PUNCT
eistud-18147	225	1	retrieved	retrieve	VERB
eistud-18147	225	2	05.05.2017	05.05.2017	NOUN
eistud-18147	225	3	from	from	ADP
eistud-18147	225	4	:	:	PUNCT
eistud-18147	225	5	http://ec.europa.eu/finance/capital-markets-union/index_en.htm	http://ec.europa.eu/finance/capital-markets-union/index_en.htm	NOUN
eistud-18147	225	6	.	.	PUNCT
eistud-18147	226	1	european	european	PROPN
eistud-18147	226	2	commission	commission	PROPN
eistud-18147	226	3	(	(	PUNCT
eistud-18147	226	4	2015	2015	NUM
eistud-18147	226	5	)	)	PUNCT
eistud-18147	226	6	.	.	PUNCT
eistud-18147	227	1	green	green	ADJ
eistud-18147	227	2	paper	paper	NOUN
eistud-18147	227	3	.	.	PUNCT
eistud-18147	228	1	building	build	VERB
eistud-18147	228	2	a	a	DET
eistud-18147	228	3	capital	capital	NOUN
eistud-18147	228	4	markets	market	NOUN
eistud-18147	228	5	union	union	NOUN
eistud-18147	228	6	fecht	fecht	NOUN
eistud-18147	228	7	,	,	PUNCT
eistud-18147	228	8	f.	f.	PROPN
eistud-18147	228	9	,	,	PUNCT
eistud-18147	228	10	grüner	grüner	PROPN
eistud-18147	228	11	,	,	PUNCT
eistud-18147	228	12	h.p	h.p	PROPN
eistud-18147	228	13	.	.	PROPN
eistud-18147	228	14	,	,	PUNCT
eistud-18147	228	15	hartmann	hartmann	PROPN
eistud-18147	228	16	,	,	PUNCT
eistud-18147	228	17	p.	p.	PROPN
eistud-18147	228	18	(	(	PUNCT
eistud-18147	228	19	2012	2012	NUM
eistud-18147	228	20	)	)	PUNCT
eistud-18147	228	21	.	.	PUNCT
eistud-18147	229	1	financial	financial	ADJ
eistud-18147	229	2	integration	integration	NOUN
eistud-18147	229	3	,	,	PUNCT
eistud-18147	229	4	specialization	specialization	NOUN
eistud-18147	229	5	,	,	PUNCT
eistud-18147	229	6	and	and	CCONJ
eistud-18147	229	7	systemic	systemic	ADJ
eistud-18147	229	8	risk	risk	NOUN
eistud-18147	229	9	.	.	PUNCT
eistud-18147	230	1	journal	journal	NOUN
eistud-18147	230	2	of	of	ADP
eistud-18147	230	3	international	international	ADJ
eistud-18147	230	4	economics	economic	NOUN
eistud-18147	230	5	88	88	NUM
eistud-18147	230	6	,	,	PUNCT
eistud-18147	230	7	pp	pp	ADJ
eistud-18147	230	8	.	.	PUNCT
eistud-18147	231	1	150–165	150–165	NUM
eistud-18147	231	2	.	.	PUNCT
eistud-18147	231	3	https://doi.org/10.1016/j.jinteco.2012.01.012	https://doi.org/10.1016/j.jinteco.2012.01.012	PROPN
eistud-18147	231	4	fujita	fujita	PROPN
eistud-18147	231	5	,	,	PUNCT
eistud-18147	231	6	k.	k.	PROPN
eistud-18147	231	7	(	(	PUNCT
eistud-18147	231	8	2000	2000	NUM
eistud-18147	231	9	)	)	PUNCT
eistud-18147	231	10	.	.	PUNCT
eistud-18147	232	1	asian	asian	ADJ
eistud-18147	232	2	crisis	crisis	NOUN
eistud-18147	232	3	,	,	PUNCT
eistud-18147	232	4	financial	financial	ADJ
eistud-18147	232	5	systems	system	NOUN
eistud-18147	232	6	and	and	CCONJ
eistud-18147	232	7	urban	urban	ADJ
eistud-18147	232	8	development	development	NOUN
eistud-18147	232	9	.	.	PUNCT
eistud-18147	233	1	urban	urban	ADJ
eistud-18147	233	2	studies	study	NOUN
eistud-18147	233	3	,	,	PUNCT
eistud-18147	233	4	37	37	NUM
eistud-18147	233	5	(	(	PUNCT
eistud-18147	233	6	12	12	NUM
eistud-18147	233	7	)	)	PUNCT
eistud-18147	233	8	,	,	PUNCT
eistud-18147	233	9	pp	pp	ADP
eistud-18147	233	10	.	.	PUNCT
eistud-18147	233	11	21972217	21972217	NUM
eistud-18147	233	12	.	.	PUNCT
eistud-18147	234	1	https://doi.org/10.1080/00420980020002779	https://doi.org/10.1080/00420980020002779	PROPN
eistud-18147	234	2	gerschenkron	gerschenkron	NOUN
eistud-18147	234	3	,	,	PUNCT
eistud-18147	234	4	a.	a.	NOUN
eistud-18147	234	5	(	(	PUNCT
eistud-18147	234	6	1962	1962	NUM
eistud-18147	234	7	)	)	PUNCT
eistud-18147	234	8	.	.	PUNCT
eistud-18147	235	1	economic	economic	ADJ
eistud-18147	235	2	backwardness	backwardness	NOUN
eistud-18147	235	3	in	in	ADP
eistud-18147	235	4	historical	historical	ADJ
eistud-18147	235	5	perspective	perspective	NOUN
eistud-18147	235	6	.	.	PUNCT
eistud-18147	236	1	a	a	DET
eistud-18147	236	2	book	book	NOUN
eistud-18147	236	3	of	of	ADP
eistud-18147	236	4	essays	essay	NOUN
eistud-18147	236	5	.	.	PUNCT
eistud-18147	237	1	cambridge	cambridge	PROPN
eistud-18147	237	2	,	,	PUNCT
eistud-18147	237	3	harvard	harvard	PROPN
eistud-18147	237	4	university	university	PROPN
eistud-18147	237	5	press	press	NOUN
eistud-18147	237	6	.	.	PUNCT
eistud-18147	238	1	hardie	hardie	PROPN
eistud-18147	238	2	,	,	PUNCT
eistud-18147	238	3	i.	i.	PROPN
eistud-18147	238	4	,	,	PUNCT
eistud-18147	238	5	howarth	howarth	PROPN
eistud-18147	238	6	,	,	PUNCT
eistud-18147	238	7	d.	d.	PROPN
eistud-18147	238	8	,	,	PUNCT
eistud-18147	238	9	maxfield	maxfield	PROPN
eistud-18147	238	10	,	,	PUNCT
eistud-18147	238	11	s.	s.	PROPN
eistud-18147	238	12	,	,	PUNCT
eistud-18147	238	13	verdun	verdun	PROPN
eistud-18147	238	14	,	,	PUNCT
eistud-18147	238	15	a.	a.	NOUN
eistud-18147	238	16	(	(	PUNCT
eistud-18147	238	17	2013	2013	NUM
eistud-18147	238	18	)	)	PUNCT
eistud-18147	238	19	.	.	PUNCT
eistud-18147	239	1	banks	bank	NOUN
eistud-18147	239	2	and	and	CCONJ
eistud-18147	239	3	the	the	DET
eistud-18147	239	4	false	false	ADJ
eistud-18147	239	5	dichotomy	dichotomy	NOUN
eistud-18147	239	6	in	in	ADP
eistud-18147	239	7	the	the	DET
eistud-18147	239	8	comparative	comparative	ADJ
eistud-18147	239	9	political	political	ADJ
eistud-18147	239	10	economy	economy	NOUN
eistud-18147	239	11	of	of	ADP
eistud-18147	239	12	finance	finance	NOUN
eistud-18147	239	13	.	.	PUNCT
eistud-18147	240	1	world	world	NOUN
eistud-18147	240	2	politics	politic	NOUN
eistud-18147	240	3	,	,	PUNCT
eistud-18147	240	4	65	65	NUM
eistud-18147	240	5	,	,	PUNCT
eistud-18147	240	6	4	4	NUM
eistud-18147	240	7	,	,	PUNCT
eistud-18147	240	8	pp.691	pp.691	NOUN
eistud-18147	240	9	-	-	PUNCT
eistud-18147	240	10	728	728	NUM
eistud-18147	240	11	.	.	PUNCT
eistud-18147	241	1	https://doi.org/10.1017/	https://doi.org/10.1017/	PROPN
eistud-18147	241	2	s0043887113000221	s0043887113000221	NOUN
eistud-18147	241	3	langfield	langfield	NOUN
eistud-18147	241	4	,	,	PUNCT
eistud-18147	241	5	s.	s.	PROPN
eistud-18147	241	6	,	,	PUNCT
eistud-18147	241	7	pagano	pagano	NOUN
eistud-18147	241	8	,	,	PUNCT
eistud-18147	241	9	m.	m.	NOUN
eistud-18147	241	10	(	(	PUNCT
eistud-18147	241	11	2016	2016	NUM
eistud-18147	241	12	)	)	PUNCT
eistud-18147	241	13	.	.	PUNCT
eistud-18147	242	1	bank	bank	NOUN
eistud-18147	242	2	bias	bias	NOUN
eistud-18147	242	3	in	in	ADP
eistud-18147	242	4	europe	europe	PROPN
eistud-18147	242	5	:	:	PUNCT
eistud-18147	242	6	effects	effect	NOUN
eistud-18147	242	7	on	on	ADP
eistud-18147	242	8	systemic	systemic	ADJ
eistud-18147	242	9	risk	risk	NOUN
eistud-18147	242	10	and	and	CCONJ
eistud-18147	242	11	growth	growth	NOUN
eistud-18147	242	12	”	"	PUNCT
eistud-18147	242	13	,	,	PUNCT
eistud-18147	242	14	economic	economic	ADJ
eistud-18147	242	15	policy	policy	NOUN
eistud-18147	242	16	,	,	PUNCT
eistud-18147	242	17	31(85	31(85	NUM
eistud-18147	242	18	):	):	PUNCT
eistud-18147	242	19	51	51	NUM
eistud-18147	242	20	-	-	SYM
eistud-18147	242	21	106	106	NUM
eistud-18147	242	22	.	.	PUNCT
eistud-18147	243	1	https://doi.org/10.1093/epolic/eiv019	https://doi.org/10.1093/epolic/eiv019	PROPN
eistud-18147	243	2	la	la	PROPN
eistud-18147	243	3	porta	porta	PROPN
eistud-18147	243	4	,	,	PUNCT
eistud-18147	243	5	r.	r.	PROPN
eistud-18147	243	6	,	,	PUNCT
eistud-18147	243	7	lopez	lopez	NOUN
eistud-18147	243	8	-	-	PUNCT
eistud-18147	243	9	de	de	NOUN
eistud-18147	243	10	-	-	NOUN
eistud-18147	243	11	silanes	silane	NOUN
eistud-18147	243	12	,	,	PUNCT
eistud-18147	243	13	f.	f.	PROPN
eistud-18147	243	14	,	,	PUNCT
eistud-18147	243	15	and	and	CCONJ
eistud-18147	243	16	shleifer	shleifer	VERB
eistud-18147	243	17	,	,	PUNCT
eistud-18147	243	18	a.	a.	NOUN
eistud-18147	243	19	(	(	PUNCT
eistud-18147	243	20	2002	2002	NUM
eistud-18147	243	21	)	)	PUNCT
eistud-18147	243	22	.	.	PUNCT
eistud-18147	244	1	government	government	NOUN
eistud-18147	244	2	ownership	ownership	NOUN
eistud-18147	244	3	of	of	ADP
eistud-18147	244	4	banks	bank	NOUN
eistud-18147	244	5	.	.	PUNCT
eistud-18147	245	1	journal	journal	PROPN
eistud-18147	245	2	of	of	ADP
eistud-18147	245	3	finance	finance	NOUN
eistud-18147	245	4	,	,	PUNCT
eistud-18147	245	5	57	57	NUM
eistud-18147	245	6	(	(	PUNCT
eistud-18147	245	7	1	1	NUM
eistud-18147	245	8	)	)	PUNCT
eistud-18147	245	9	,	,	PUNCT
eistud-18147	245	10	pp	pp	ADP
eistud-18147	245	11	.	.	PUNCT
eistud-18147	246	1	265–301	265–301	NUM
eistud-18147	246	2	.	.	PUNCT
eistud-18147	247	1	https://doi	https://doi	PROPN
eistud-18147	247	2	.	.	PUNCT
eistud-18147	247	3	org/10.1111/1540	org/10.1111/1540	PROPN
eistud-18147	247	4	-	-	PUNCT
eistud-18147	247	5	6261.00422	6261.00422	NUM
eistud-18147	247	6	levine	levine	PROPN
eistud-18147	247	7	,	,	PUNCT
eistud-18147	247	8	r.	r.	PROPN
eistud-18147	247	9	(	(	PUNCT
eistud-18147	247	10	2002	2002	NUM
eistud-18147	247	11	)	)	PUNCT
eistud-18147	247	12	.	.	PUNCT
eistud-18147	248	1	bank	bank	NOUN
eistud-18147	248	2	-	-	PUNCT
eistud-18147	248	3	based	base	VERB
eistud-18147	248	4	or	or	CCONJ
eistud-18147	248	5	market	market	NOUN
eistud-18147	248	6	-	-	PUNCT
eistud-18147	248	7	based	base	VERB
eistud-18147	248	8	financial	financial	ADJ
eistud-18147	248	9	systems	system	NOUN
eistud-18147	248	10	:	:	PUNCT
eistud-18147	248	11	which	which	PRON
eistud-18147	248	12	is	be	AUX
eistud-18147	248	13	better	well	ADJ
eistud-18147	248	14	?	?	PUNCT
eistud-18147	249	1	journal	journal	NOUN
eistud-18147	249	2	of	of	ADP
eistud-18147	249	3	financial	financial	ADJ
eistud-18147	249	4	intermediation	intermediation	NOUN
eistud-18147	249	5	,	,	PUNCT
eistud-18147	249	6	11	11	NUM
eistud-18147	249	7	,	,	PUNCT
eistud-18147	249	8	pp	pp	ADJ
eistud-18147	249	9	.	.	PUNCT
eistud-18147	250	1	398–428	398–428	NUM
eistud-18147	250	2	.	.	PUNCT
eistud-18147	251	1	https://doi	https://doi	PROPN
eistud-18147	251	2	.	.	PUNCT
eistud-18147	251	3	org/10.1006	org/10.1006	PROPN
eistud-18147	251	4	/	/	SYM
eistud-18147	251	5	jfin.2002.0341	jfin.2002.0341	PROPN
eistud-18147	251	6	levine	levine	PROPN
eistud-18147	251	7	,	,	PUNCT
eistud-18147	251	8	r.	r.	PROPN
eistud-18147	251	9	(	(	PUNCT
eistud-18147	251	10	1997	1997	NUM
eistud-18147	251	11	)	)	PUNCT
eistud-18147	251	12	.	.	PUNCT
eistud-18147	252	1	financial	financial	ADJ
eistud-18147	252	2	development	development	NOUN
eistud-18147	252	3	and	and	CCONJ
eistud-18147	252	4	economic	economic	ADJ
eistud-18147	252	5	growth	growth	NOUN
eistud-18147	252	6	:	:	PUNCT
eistud-18147	252	7	views	view	NOUN
eistud-18147	252	8	and	and	CCONJ
eistud-18147	252	9	agenda	agenda	NOUN
eistud-18147	252	10	.	.	PUNCT
eistud-18147	253	1	journal	journal	PROPN
eistud-18147	253	2	of	of	ADP
eistud-18147	253	3	economic	economic	ADJ
eistud-18147	253	4	literature	literature	NOUN
eistud-18147	253	5	,	,	PUNCT
eistud-18147	253	6	35	35	NUM
eistud-18147	253	7	,	,	PUNCT
eistud-18147	253	8	pp	pp	ADJ
eistud-18147	253	9	.	.	PUNCT
eistud-18147	254	1	688–726	688–726	NUM
eistud-18147	254	2	.	.	X
eistud-18147	255	1	mishkin	mishkin	PROPN
eistud-18147	255	2	f.	f.	PROPN
eistud-18147	255	3	(	(	PUNCT
eistud-18147	255	4	2009	2009	NUM
eistud-18147	255	5	)	)	PUNCT
eistud-18147	255	6	the	the	DET
eistud-18147	255	7	economics	economic	NOUN
eistud-18147	255	8	of	of	ADP
eistud-18147	255	9	money	money	NOUN
eistud-18147	255	10	,	,	PUNCT
eistud-18147	255	11	banking	banking	NOUN
eistud-18147	255	12	,	,	PUNCT
eistud-18147	255	13	and	and	CCONJ
eistud-18147	255	14	financial	financial	ADJ
eistud-18147	255	15	marekts	marekts	NOUN
eistud-18147	255	16	;	;	PUNCT
eistud-18147	255	17	9th	9th	ADJ
eistud-18147	255	18	edition	edition	NOUN
eistud-18147	255	19	,	,	PUNCT
eistud-18147	255	20	pearson	pearson	PROPN
eistud-18147	255	21	.	.	PUNCT
eistud-18147	256	1	nasdaq	nasdaq	PROPN
eistud-18147	256	2	baltic	baltic	PROPN
eistud-18147	256	3	.	.	PUNCT
eistud-18147	257	1	retrieved	retrieve	VERB
eistud-18147	257	2	05.05.2017	05.05.2017	NOUN
eistud-18147	257	3	from	from	ADP
eistud-18147	257	4	:	:	PUNCT
eistud-18147	257	5	http://www.nasdaqbaltic.com/market/?pg=bonds&lang=en	http://www.nasdaqbaltic.com/market/?pg=bonds&lang=en	PROPN
eistud-18147	257	6	peterson	peterson	PROPN
eistud-18147	257	7	,	,	PUNCT
eistud-18147	257	8	g.	g.	PROPN
eistud-18147	257	9	e.	e.	PROPN
eistud-18147	257	10	(	(	PUNCT
eistud-18147	257	11	2003	2003	NUM
eistud-18147	257	12	)	)	PUNCT
eistud-18147	257	13	banks	bank	NOUN
eistud-18147	257	14	or	or	CCONJ
eistud-18147	257	15	bonds	bond	NOUN
eistud-18147	257	16	?	?	PUNCT
eistud-18147	258	1	building	build	VERB
eistud-18147	258	2	a	a	DET
eistud-18147	258	3	municipal	municipal	ADJ
eistud-18147	258	4	credit	credit	NOUN
eistud-18147	258	5	market	market	NOUN
eistud-18147	258	6	.	.	PUNCT
eistud-18147	259	1	washington	washington	PROPN
eistud-18147	259	2	dc	dc	PROPN
eistud-18147	259	3	:	:	PUNCT
eistud-18147	259	4	the	the	DET
eistud-18147	259	5	urban	urban	PROPN
eistud-18147	259	6	institute	institute	PROPN
eistud-18147	259	7	.	.	PUNCT
eistud-18147	260	1	rajan	rajan	PROPN
eistud-18147	260	2	,	,	PUNCT
eistud-18147	260	3	r.	r.	PROPN
eistud-18147	260	4	g.	g.	PROPN
eistud-18147	260	5	and	and	CCONJ
eistud-18147	260	6	zingales	zingales	PROPN
eistud-18147	260	7	,	,	PUNCT
eistud-18147	260	8	l.	l.	PROPN
eistud-18147	260	9	(	(	PUNCT
eistud-18147	260	10	1999	1999	NUM
eistud-18147	260	11	)	)	PUNCT
eistud-18147	260	12	.	.	PUNCT
eistud-18147	261	1	financial	financial	ADJ
eistud-18147	261	2	systems	system	NOUN
eistud-18147	261	3	,	,	PUNCT
eistud-18147	261	4	industrial	industrial	ADJ
eistud-18147	261	5	structure	structure	NOUN
eistud-18147	261	6	,	,	PUNCT
eistud-18147	261	7	and	and	CCONJ
eistud-18147	261	8	growth	growth	NOUN
eistud-18147	261	9	.	.	PUNCT
eistud-18147	262	1	working	work	VERB
eistud-18147	262	2	paper	paper	NOUN
eistud-18147	262	3	.	.	PUNCT
eistud-18147	263	1	sawyer	sawyer	PROPN
eistud-18147	263	2	,	,	PUNCT
eistud-18147	263	3	m.	m.	NOUN
eistud-18147	263	4	(	(	PUNCT
eistud-18147	263	5	2014	2014	NUM
eistud-18147	263	6	)	)	PUNCT
eistud-18147	263	7	.	.	PUNCT
eistud-18147	264	1	bank	bank	NOUN
eistud-18147	264	2	-	-	PUNCT
eistud-18147	264	3	based	base	VERB
eistud-18147	264	4	versus	versus	ADP
eistud-18147	264	5	market	market	NOUN
eistud-18147	264	6	-	-	PUNCT
eistud-18147	264	7	based	base	VERB
eistud-18147	264	8	financial	financial	ADJ
eistud-18147	264	9	systems	system	NOUN
eistud-18147	264	10	:	:	PUNCT
eistud-18147	264	11	a	a	DET
eistud-18147	264	12	critique	critique	NOUN
eistud-18147	264	13	of	of	ADP
eistud-18147	264	14	the	the	DET
eistud-18147	264	15	dichotomy	dichotomy	NOUN
eistud-18147	264	16	.	.	PUNCT
eistud-18147	265	1	working	work	VERB
eistud-18147	265	2	paper	paper	NOUN
eistud-18147	265	3	.	.	PUNCT
eistud-18147	266	1	financialisation	financialisation	NOUN
eistud-18147	266	2	,	,	PUNCT
eistud-18147	266	3	economy	economy	NOUN
eistud-18147	266	4	,	,	PUNCT
eistud-18147	266	5	society	society	NOUN
eistud-18147	266	6	&	&	CCONJ
eistud-18147	266	7	sustainable	sustainable	ADJ
eistud-18147	266	8	development	development	NOUN
eistud-18147	266	9	(	(	PUNCT
eistud-18147	266	10	fessud	fessud	ADJ
eistud-18147	266	11	)	)	PUNCT
eistud-18147	266	12	project	project	NOUN
eistud-18147	266	13	,	,	PUNCT
eistud-18147	266	14	19	19	NUM
eistud-18147	266	15	.	.	PUNCT
eistud-18147	266	16	steeley	steeley	PROPN
eistud-18147	266	17	,	,	PUNCT
eistud-18147	266	18	j.m	j.m	PROPN
eistud-18147	266	19	.	.	PROPN
eistud-18147	266	20	(	(	PUNCT
eistud-18147	266	21	2014	2014	NUM
eistud-18147	266	22	)	)	PUNCT
eistud-18147	266	23	.	.	PUNCT
eistud-18147	267	1	the	the	DET
eistud-18147	267	2	side	side	NOUN
eistud-18147	267	3	effects	effect	NOUN
eistud-18147	267	4	of	of	ADP
eistud-18147	267	5	quantitative	quantitative	ADJ
eistud-18147	267	6	easing	easing	NOUN
eistud-18147	267	7	:	:	PUNCT
eistud-18147	267	8	evidence	evidence	NOUN
eistud-18147	267	9	from	from	ADP
eistud-18147	267	10	the	the	DET
eistud-18147	267	11	uk	uk	PROPN
eistud-18147	267	12	bond	bond	NOUN
eistud-18147	267	13	market	market	NOUN
eistud-18147	267	14	.	.	PUNCT
eistud-18147	268	1	journal	journal	NOUN
eistud-18147	268	2	of	of	ADP
eistud-18147	268	3	international	international	ADJ
eistud-18147	268	4	money	money	NOUN
eistud-18147	268	5	and	and	CCONJ
eistud-18147	268	6	finance	finance	NOUN
eistud-18147	268	7	,	,	PUNCT
eistud-18147	268	8	51	51	NUM
eistud-18147	268	9	,	,	PUNCT
eistud-18147	268	10	pp	pp	ADJ
eistud-18147	268	11	.	.	PUNCT
eistud-18147	269	1	303	303	NUM
eistud-18147	269	2	-	-	SYM
eistud-18147	269	3	336	336	NUM
eistud-18147	269	4	.	.	PUNCT
eistud-18147	270	1	https://doi.org/10.1016/j.jimonfin.2014.11.007	https://doi.org/10.1016/j.jimonfin.2014.11.007	PROPN
eistud-18147	270	2	tocelovska	tocelovska	ADJ
eistud-18147	270	3	,	,	PUNCT
eistud-18147	270	4	n.	n.	PROPN
eistud-18147	270	5	(	(	PUNCT
eistud-18147	270	6	january	january	PROPN
eistud-18147	270	7	2016	2016	NUM
eistud-18147	270	8	)	)	PUNCT
eistud-18147	270	9	.	.	PUNCT
eistud-18147	271	1	framework	framework	NOUN
eistud-18147	271	2	for	for	ADP
eistud-18147	271	3	analysis	analysis	NOUN
eistud-18147	271	4	of	of	ADP
eistud-18147	271	5	latvian	latvian	ADJ
eistud-18147	271	6	corporate	corporate	ADJ
eistud-18147	271	7	bond	bond	NOUN
eistud-18147	271	8	market	market	NOUN
eistud-18147	271	9	development	development	NOUN
eistud-18147	271	10	.	.	PUNCT
eistud-18147	272	1	working	work	VERB
eistud-18147	272	2	paper	paper	NOUN
eistud-18147	272	3	.	.	PUNCT
eistud-18147	273	1	proceedings	proceeding	NOUN
eistud-18147	273	2	of	of	ADP
eistud-18147	273	3	the	the	DET
eistud-18147	273	4	2016	2016	NUM
eistud-18147	273	5	international	international	ADJ
eistud-18147	273	6	conference	conference	NOUN
eistud-18147	273	7	“	"	PUNCT
eistud-18147	273	8	economic	economic	ADJ
eistud-18147	273	9	science	science	NOUN
eistud-18147	273	10	for	for	ADP
eistud-18147	273	11	rural	rural	ADJ
eistud-18147	273	12	development	development	NOUN
eistud-18147	273	13	”	"	PUNCT
eistud-18147	273	14	.	.	PUNCT
eistud-18147	274	1	latvian	latvian	ADJ
eistud-18147	274	2	university	university	PROPN
eistud-18147	274	3	of	of	ADP
eistud-18147	274	4	agriculture	agriculture	PROPN
eistud-18147	274	5	.	.	PUNCT
eistud-18147	275	1	tocelovska	tocelovska	ADJ
eistud-18147	275	2	,	,	PUNCT
eistud-18147	275	3	n.	n.	PROPN
eistud-18147	275	4	(	(	PUNCT
eistud-18147	275	5	may	may	PROPN
eistud-18147	275	6	2016	2016	NUM
eistud-18147	275	7	)	)	PUNCT
eistud-18147	275	8	.	.	PUNCT
eistud-18147	276	1	revealing	reveal	VERB
eistud-18147	276	2	the	the	DET
eistud-18147	276	3	stage	stage	NOUN
eistud-18147	276	4	of	of	ADP
eistud-18147	276	5	development	development	NOUN
eistud-18147	276	6	of	of	ADP
eistud-18147	276	7	latvian	latvian	ADJ
eistud-18147	276	8	bond	bond	NOUN
eistud-18147	276	9	market	market	NOUN
eistud-18147	276	10	.	.	PUNCT
eistud-18147	277	1	working	work	VERB
eistud-18147	277	2	paper	paper	NOUN
eistud-18147	277	3	.	.	PUNCT
eistud-18147	278	1	university	university	PROPN
eistud-18147	278	2	of	of	ADP
eistud-18147	278	3	latvia	latvia	PROPN
eistud-18147	278	4	conference	conference	PROPN
eistud-18147	278	5	:	:	PUNCT
eistud-18147	278	6	new	new	ADJ
eistud-18147	278	7	challenges	challenge	NOUN
eistud-18147	278	8	of	of	ADP
eistud-18147	278	9	economic	economic	ADJ
eistud-18147	278	10	and	and	CCONJ
eistud-18147	278	11	business	business	NOUN
eistud-18147	278	12	development	development	NOUN
eistud-18147	278	13	–	–	PUNCT
eistud-18147	278	14	2016	2016	NUM
eistud-18147	278	15	:	:	PUNCT
eistud-18147	278	16	society	society	NOUN
eistud-18147	278	17	,	,	PUNCT
eistud-18147	278	18	innovations	innovation	NOUN
eistud-18147	278	19	and	and	CCONJ
eistud-18147	278	20	collaborative	collaborative	ADJ
eistud-18147	278	21	economy	economy	NOUN
eistud-18147	278	22	,	,	PUNCT
eistud-18147	278	23	pp.845	pp.845	NOUN
eistud-18147	278	24	-	-	PUNCT
eistud-18147	278	25	857	857	NUM
eistud-18147	278	26	.	.	PUNCT
eistud-18147	279	1	tocelovska	tocelovska	ADJ
eistud-18147	279	2	,	,	PUNCT
eistud-18147	279	3	n.	n.	PROPN
eistud-18147	279	4	(	(	PUNCT
eistud-18147	279	5	september	september	PROPN
eistud-18147	279	6	2016	2016	NUM
eistud-18147	279	7	)	)	PUNCT
eistud-18147	279	8	.	.	PUNCT
eistud-18147	280	1	measuring	measure	VERB
eistud-18147	280	2	efficiency	efficiency	NOUN
eistud-18147	280	3	of	of	ADP
eistud-18147	280	4	the	the	DET
eistud-18147	280	5	bond	bond	NOUN
eistud-18147	280	6	market	market	NOUN
eistud-18147	280	7	in	in	ADP
eistud-18147	280	8	latvia	latvia	PROPN
eistud-18147	280	9	.	.	PUNCT
eistud-18147	281	1	working	work	VERB
eistud-18147	281	2	paper	paper	NOUN
eistud-18147	281	3	.	.	PUNCT
eistud-18147	282	1	proceedings	proceeding	NOUN
eistud-18147	282	2	of	of	ADP
eistud-18147	282	3	the	the	DET
eistud-18147	282	4	xxv	xxv	PROPN
eistud-18147	282	5	aedem	aedem	PROPN
eistud-18147	282	6	international	international	PROPN
eistud-18147	282	7	conference	conference	NOUN
eistud-18147	282	8	.	.	PUNCT
eistud-18147	283	1	tocelovska	tocelovska	ADJ
eistud-18147	283	2	,	,	PUNCT
eistud-18147	283	3	n.	n.	PROPN
eistud-18147	283	4	(	(	PUNCT
eistud-18147	283	5	october	october	PROPN
eistud-18147	283	6	2016	2016	NUM
eistud-18147	283	7	)	)	PUNCT
eistud-18147	283	8	.	.	PUNCT
eistud-18147	284	1	corporate	corporate	ADJ
eistud-18147	284	2	bonds	bond	NOUN
eistud-18147	284	3	as	as	ADP
eistud-18147	284	4	the	the	DET
eistud-18147	284	5	alternative	alternative	NOUN
eistud-18147	284	6	for	for	ADP
eistud-18147	284	7	bank	bank	NOUN
eistud-18147	284	8	crediting	crediting	NOUN
eistud-18147	284	9	:	:	PUNCT
eistud-18147	284	10	analysis	analysis	NOUN
eistud-18147	284	11	of	of	ADP
eistud-18147	284	12	latvian	latvian	ADJ
eistud-18147	284	13	market	market	NOUN
eistud-18147	284	14	.	.	PUNCT
eistud-18147	285	1	working	work	VERB
eistud-18147	285	2	paper	paper	NOUN
eistud-18147	285	3	.	.	PUNCT
eistud-18147	286	1	proceedings	proceeding	NOUN
eistud-18147	286	2	of	of	ADP
eistud-18147	286	3	the	the	DET
eistud-18147	286	4	annual	annual	ADJ
eistud-18147	286	5	international	international	ADJ
eistud-18147	286	6	conference	conference	NOUN
eistud-18147	286	7	“	"	PUNCT
eistud-18147	286	8	evolution	evolution	NOUN
eistud-18147	286	9	of	of	ADP
eistud-18147	286	10	international	international	ADJ
eistud-18147	286	11	trading	trading	NOUN
eistud-18147	286	12	system	system	NOUN
eistud-18147	286	13	:	:	PUNCT
eistud-18147	286	14	prospects	prospect	NOUN
eistud-18147	286	15	and	and	CCONJ
eistud-18147	286	16	challenges	challenge	VERB
eistud-18147	286	17	zaghini	zaghini	NOUN
eistud-18147	286	18	,	,	PUNCT
eistud-18147	286	19	a.	a.	NOUN
eistud-18147	286	20	,	,	PUNCT
eistud-18147	286	21	(	(	PUNCT
eistud-18147	286	22	2016	2016	NUM
eistud-18147	286	23	)	)	PUNCT
eistud-18147	286	24	.	.	PUNCT
eistud-18147	287	1	fragmentation	fragmentation	NOUN
eistud-18147	287	2	and	and	CCONJ
eistud-18147	287	3	heterogeneity	heterogeneity	NOUN
eistud-18147	287	4	in	in	ADP
eistud-18147	287	5	the	the	DET
eistud-18147	287	6	euro	euro	NOUN
eistud-18147	287	7	-	-	PUNCT
eistud-18147	287	8	area	area	NOUN
eistud-18147	287	9	corporate	corporate	ADJ
eistud-18147	287	10	bond	bond	NOUN
eistud-18147	287	11	market	market	NOUN
eistud-18147	287	12	:	:	PUNCT
eistud-18147	287	13	back	back	ADV
eistud-18147	287	14	to	to	ADP
eistud-18147	287	15	normal	normal	ADJ
eistud-18147	287	16	?	?	PUNCT
eistud-18147	288	1	journal	journal	NOUN
eistud-18147	288	2	of	of	ADP
eistud-18147	288	3	financial	financial	ADJ
eistud-18147	288	4	stability	stability	NOUN
eistud-18147	288	5	,	,	PUNCT
eistud-18147	288	6	23	23	NUM
eistud-18147	288	7	,	,	PUNCT
eistud-18147	288	8	pp	pp	ADJ
eistud-18147	288	9	.	.	PUNCT
eistud-18147	289	1	5161	5161	NUM
eistud-18147	289	2	.	.	PUNCT
eistud-18147	290	1	https://doi.org/10.1016/j.jfs.2016.01.009	https://doi.org/10.1016/j.jfs.2016.01.009	X
eistud-18147	290	2	tocelovska	tocelovska	PROPN
eistud-18147	290	3	natalja	natalja	PROPN
eistud-18147	290	4	phd	phd	PROPN
eistud-18147	290	5	student	student	PROPN
eistud-18147	290	6	university	university	PROPN
eistud-18147	290	7	of	of	ADP
eistud-18147	290	8	latvia	latvia	PROPN
eistud-18147	290	9	fields	field	NOUN
eistud-18147	290	10	of	of	ADP
eistud-18147	290	11	research	research	NOUN
eistud-18147	290	12	interests	interest	NOUN
eistud-18147	290	13	finance	finance	NOUN
eistud-18147	290	14	,	,	PUNCT
eistud-18147	290	15	financial	financial	ADJ
eistud-18147	290	16	markets	market	NOUN
eistud-18147	290	17	,	,	PUNCT
eistud-18147	290	18	securities	security	NOUN
eistud-18147	290	19	,	,	PUNCT
eistud-18147	290	20	bonds	bond	NOUN
eistud-18147	290	21	,	,	PUNCT
eistud-18147	290	22	corporate	corporate	ADJ
eistud-18147	290	23	bonds	bond	NOUN
eistud-18147	290	24	address	address	NOUN
eistud-18147	290	25	aspazijas	aspazijas	PROPN
eistud-18147	290	26	bulvaris	bulvaris	PROPN
eistud-18147	290	27	5	5	NUM
eistud-18147	290	28	,	,	PUNCT
eistud-18147	290	29	riga	riga	ADJ
eistud-18147	290	30	,	,	PUNCT
eistud-18147	290	31	latvia	latvia	PROPN
eistud-18147	290	32	tel	tel	PROPN
eistud-18147	290	33	.	.	PROPN
eistud-18147	290	34	+37129138802	+37129138802	PROPN
eistud-18147	290	35	about	about	ADP
eistud-18147	290	36	the	the	DET
eistud-18147	290	37	author	author	NOUN