Private corporate bonds market in Brazil: structural features and recent evolution

The paper aims at analyzing the structural and circumstantial factors that obstruct or stimulate the development of private debt bond market in Brazil, as well as evaluate the recent evolution of this market since the price stabilization after 1994 until 2008. Two aspects are highlighted in the anal...

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Bibliographic Details
Published in:Revista de economia contemporânea 2012-04, Vol.16 (1), p.107
Main Authors: de Paula, Luiz Fernando, João Adelino de Faria Jr
Format: Article
Language:Portuguese
Subjects:
Bond markets
Capital markets
Corporate bonds
Deficit financing
Economic analysis
Economic models
Economic statistics
Economic theory
Price stabilization
Studies
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Summary:The paper aims at analyzing the structural and circumstantial factors that obstruct or stimulate the development of private debt bond market in Brazil, as well as evaluate the recent evolution of this market since the price stabilization after 1994 until 2008. Two aspects are highlighted in the analysis: the relationship between the private debt bond market and the evolution of the macroeconomic context, as it defines the environment in which this market can grow or shrink; the relationship between the market of public debt and the corporate private debt in Brazil, the have not been complementary. [PUBLICATION ABSTRACT]
ISSN:1980-5527
DOI:10.1590/S1415-98482012000100006