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1、毕设附件外文文献原文及译文文献出处作者:MarkusG期刊：ReviewofBusiness&FinanceStudies,2016,笫5卷，笫3期页码:15-26.原文TheinfluencefactorsofthebondmarketdevelopmentMarkusGLITERATUREREVIEWPricestabilityisacrucialprerequisitefordevelopingviablelongertermfixedinterestfinancialmarkets(Bernankeetal,1999;Bernankee
2、tal,1996,Dalia&Khatkhate,1996;Fischer,1975)-Forexample,thecontinuedhighinflationimpedesdevelopmentofthemarketforfixedrategovernmentsbonds(Burger&Warnock,2006;Blake,1991)-Twocasesinpointcanbesighted;(1)InJamaica,acontinuedhighinflationimpededthedevelopmentofthemarketforfixedr
3、ategovernmentsbonds(Arnold&Vrugt,2006),(2)AreportbytheRegionalEconomicMonitoringUnitfortheAsianDevelopmentBank(2002)statedthatarobustdomesticbondmarketwasunlikelytoevolveinavolatilemacroeconomicenvironmentcharacterizedbyvolatileinflationandinterestrates,confirmingthefindings
4、ofCulberison(1957)andArnoldandVrugt(2006).Thebondmarketfailstotakeofflargelyasaresultoftheunstableinterestrateregime(DaherElSamir,1997).Existingresearch(Cecchetti,Genberg,Lipsky&Wadhwani,2000;Bernanke&Gertler,1999;Fischer,1975;Dieffenbach,1975;Bierwag&Grove,1967;Duesenberry,
5、1958)enlistaboutfourkeyprerequisitesforasuccessfulbondmarket;themacroeconomicstability,fiscaldiscipline,improvedlegal,accountingandregulatorysystemsforthefinancialsector,andasoundtaxsystem.Investorsareunwillingtostretchtheirinvestmentstomorethanayearbecauseoftheuncertaintyin
6、themacroeconomicinvestmentclimate(Dornbush;1996;Long,1974;Hakansson,1970).Themoneymarkettakesavolatileshapeasmostofthemoneymarketparticipants(Banks)havetheproductstailor-madetoaddressinflationarypressureswhilethelongtermlendingforcapitaldevelopment(Bondmarket)includingthesec
7、ondarymarketisstmgglingto”takeoffthegroundH.AccordingtoYam(1999),theexistenceofanefficientbondmarketliesinthehiveoftheprimarybondmarket毕设附件外文文献原文及译文文献出处作者:MarkusG期刊：ReviewofBusiness&FinanceStudies,2016,笫5卷，笫3期页码:15-26.原文TheinfluencefactorsofthebondmarketdevelopmentMarkusGLIT
8、ERATUREREVIEWPricestabilityisacrucialprerequisitefordevelopingviablelongert
