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European banks – getting to the core of subdued debt issuance

A triumphant return to bond markets for peripheral banks has grabbed the headlines at the start of the new year. But a less-discussed phenomenon has been the scarcity of new debt issues from fundamentally healthier banks in countries...

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Quarterly Global Economic Outlook (Q1 2013)

One year ago, the euro area dominated market participants’ thoughts. As the economy buckled under the weight of fiscal austerity and banking sector stress, and several countries struggled to maintain bond market access...

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