Market Development Determinants for Corporate Bonds in National Currencies: Emerging Markets Review

The growth of the real estate corporate bond market in Vietnam: the role of investor sentiment

“…To be precise, the stability of exchange rates will support corporate bond issuance (Fredrick, 2014). In contrast, Teplova and Sokolova (2018) show that the more a local currency depreciates, the greater the incentive for enterprises to issue local currency bonds. Therefore, the article proposes the eighth hypothesis as follows:…”

What drives local currency bond market development in Saudi Arabia: do macroeconomic and institutional factors matter?

“…Teplova and Sokolova [ 25 ] analyze the tendencies and the determinants of BMD over the period 2006–2015. The authors consider a panel of 15 countries with a vector of macroeconomic and institutional explanatory variables.…”

“…However, limited attention has been ported to bond markets development. The main studies [ 10 , 11 ], [ 12 – 25 ], [ 26 , 27 ], Huong [ 28 ], etc.) emphasize the importance of a set of fundamental prerequisites in the emergence of well-functioning bond markets.…”

How does financial risk affect sukuk market development? Empirical evidence from ARDL approach

“…Theoretical and empirical studies on the determinants of stock and bond markets development in both developed and emerging countries have been multiplied during the last decades showing their considerable importance in the process of economic growth and development ( Eichengreen and Luengnaruemitchai 2004 , 2006 , Burger and Warnock 2006 , Claessens et al., 2006 , 2007 , Ben Naceur et al., 2007 , Yartey 2008 , Eichengreen et al., 2006 , 2008 , Bae 2012 , Bhattacharyay 2013 , Mu et al., 2013 , Laeven 2014 , Felman et al., 2014 , Gray et al., 2014 , Suarez 2014 , Burger et al., 2015 , Ayala et al., 2016 , Smaoui and Khawaja. 2017 , Smaoui et al., 2017 , Teplova and Sokolova 2018 , Al-Raeai et al., 2018 , Huong, 2020, Alnagar et al., 2021 , Boukhatem 2021b , etc.). However, the growing importance of Sukuk around the world has recently involved an increasing interest in the research on sukuk markets due to the roles they played in contemporary Islamic economies.…”