Autostrade to the Superhighway:
Beginning with the supply of new debt products, the book examines the decline in government issuance and rise of corporate issuance and the innovations developed in new debt products including securitisation and structured bonds. It then assesses the demand for new products, considering the pursuit of liquidity in the bond markets, the changing nature of investors and participants, their assumption of risks, and the structural changes in the European bond market. In the last section the book analyses the impact of changes on intermediaries, including banks and regulators but also trading, pricing and syndication, the advent of the e-bond, the role of financial centres, market infrastructure and trade associations
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