Corporate Bond Markets and the use of debt

Companies in Europe and emerging markets have historically depended upon bank debt to borrow and have had limited access to corporate bond markets. In recent years, their access to corporate bond markets, both domestically and internationally, has increased. As a result, which of the following would you expect to happen to debt ratios in these countries?

□ Bonds & Commercial paper

United States Japan Germany a. Debt ratios should go up b. Debt ratios should go down c. Debt ratios should not change much

*mr finUS.xls: There is a dataset on the web that has aggregate internal and external financing, for US firms, from 1975 to 1998.

Lessons From The Intelligent Investor

Lessons From The Intelligent Investor

If you're like a lot of people watching the recession unfold, you have likely started to look at your finances under a microscope. Perhaps you have started saving the annual savings rate by people has started to recover a bit.

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