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: 30 June 2022

Corporate Bond Markets in Argentina

Corporate Bond Markets in Argentina

(p.89) 4 Corporate Bond Markets in Argentina
Bond Markets in Latin America

Roque B. Fernández

Sergio Pernice

Jorge M. Streb

The MIT Press

This chapter analyzes the development of the Argentine corporate bond markets. Econometric and survey results show that only large firms use bond finance. The study also suggests that seeking a ratio of bond market to gross domestic product similar to that of high-income countries is an inappropriate objective. These ratios are misleading as a measure of bond market development, and providing incentives to reach ratios similar to those of the high-income countries would lead to inefficiencies if bond markets were the ideal financing vehicle only for large corporations.

Keywords:   Argentine bond markets, corporate debt, gross domestic product, financing, large corporations

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.