A Force for Globalisation: Emerging Markets Debt Trading from 1994 to 1999
Fordham International Law Journal, Forthcoming
98 Pages Posted: 30 Mar 2007
This paper analyses the development of the secondary market in emerging markets debt from 1994 to 1999, and identifies the lessons to be learnt from that period. Particular attention is paid to the increasing integration of the secondary market with traditional financial markets, and to the force for globalisation that this secondary market therefore exerted in the period.
Keywords: emerging markets debt, globalization, secondary market, LDC debt
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