Jump to ContentJump to Main Navigation
Bond Markets in Latin AmericaOn the Verge of a Big Bang?$
Users without a subscription are not able to see the full content.

Eduardo Borensztein, Kevin Cowan, Barry Eichengreen, and Ugo Panizza

Print publication date: 2008

Print ISBN-13: 9780262026321

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262026321.001.0001

Show Summary Details
Page of

PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 27 June 2022

Development of the Mexican Bond Market

Development of the Mexican Bond Market

(p.50) (p.51) 3 Development of the Mexican Bond Market
Bond Markets in Latin America

Sara G. Castellanos

Lorenza Martinez

The MIT Press

This chapter analyzes the Mexican bond market. It describes policies that may have contributed to fostering capital markets and analyzes how much of the recent performance of the corporate debt market in Mexico can be attributed to them. The chapter is organized as follows. The second section describes some macroeconomic aspects and legal reforms that may be influencing the development of bond markets. The third section explains the government debt management strategies and the extension of the yield curve that may have contributed to expanding the corporate debt market. The fourth section portrays in more detail the recent growth trend of the corporate bond market. The fifth section is dedicated to empirical analysis, using two different approaches: Probit and tobit regressions are estimated to determine the impact of macroeconomic and legal factors on the probability of issuing corporate debt and the conditions of issuances. Finally, the sixth section identifies additional ways to encourage the deepening of bond markets, and presents some final remarks.

Keywords:   Mexican bond market, Mexico, capital markets, monetary policy, government debt management, corporate debt

MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.