Open AccessBOND MARKET ANALYSIS: THE MAIN CONSTRAINTS IN THE RESEARCH OF 21ST CENTURY
Author(s) -
Ieva Astrauskaitė,
Meilė Jasienė,
Arvydas Paškevičius
Publication year - 2013
Publication title -
business, management and education
Language(s) - English
Resource type - Journals
eISSN - 2029-6169
pISSN - 2029-7491
DOI - 10.3846/bme.2013.13
Subject(s) - capital market , bond market , maturity (psychological) , government (linguistics) , factor market , capital (architecture) , debt , economics , bond , capital market line , value (mathematics) , business , market economy , monetary economics , financial economics , finance , market depth , political science , paleontology , linguistics , philosophy , archaeology , horse , machine learning , biology , law , stock market , computer science , history
Searching for alternative source of bank financing, the view on capital market is taken. Recent research on capital market issues are arranged into four dimensions: theory and assumptions of efficient capital market, government’s role in it, other distortions and global interrelatedness. Main investigations are decentralized and visualized in “theoretical eight” model. Conclusions made on the diversity of interpretation of market efficiency, strongly expressed demand of information symmetry, soft actions of governments and the value of foreign performance in domestic markets. Furthermore, new approach to the classification of countries by their maturity in capital market is argued. The state of art of 2009-2012 of bond market and government debt is briefly described