Developments in international capital and banking markets in 1987

Quarterly Bulletin 1988 Q2
Published on 01 June 1988

This article continues the annual series on developments in international capital and banking markets. The article has a short overview, followed by sections on capital markets and international banking developments. There are features on multiple-option facilities and offshore banking centres.

  • Activity in international capital markets slowed in 1987 while banks' international lending remained strong. There was a shift in the pattern of borrowing from eurobond issues to syndicated credits.

  • The equity market crash accelerated a shake-out of excess capacity in the eurobond market, led to increased tiering of interest rates in international bond markets and reinforced the shift away from securitised financing.

  • The Japanese retained their major presence in international financial markets as intermediaries, investors and borrowers. The yen increased its share of cross-border banking business.

PDFDevelopments in international capital and banking markets in 1987

 


Other Quarterly Bulletin 1988 Q2 articles

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