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, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 05 March 2021

Development of Colombian Bond Markets

Development of Colombian Bond Markets

Chapter:
(p.119) 5 Development of Colombian Bond Markets
Source:
Bond Markets in Latin America
Author(s):

Camila Aguilar

Mauricio Cardenas

Marcela Melendez

Natalia Salazar

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262026321.003.0005

This chapter examines the determinants and consequences of the development of the Colombian corporate bond market. After a brief literature review, it presents an overview of the Colombian financial sector. The chapter then describes Colombian bond markets and introduces the databases upon which the study was constructed. The data is used to estimate models that explain the probability that a firm issues bonds (supply) as well as the probability that an institutional investor holds them (demand). Next, the chapter provides some empirical evidence to support the idea that having a larger bond market is desirable. The final section provides conclusions and policy recommendations.

Keywords:   Colombia, bond markets, corporate debt, financial sector, institutional investor

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.