Developments in international banking and capital markets in 1989

Quarterly Bulletin 1990 Q2
Published on 01 June 1990

This article continues the annual series on developments in international banking and capital markets. The article has a short overview, followed by sections on developments in international banking and capital markets. There is a feature on international equities.

  • The growth of international banking business accelerated slightly in 1989 with evidence of increased activity within Europe. Non-bank business grew more rapidly than interbank business.
  • Japan maintained its position as the largest international banking centre in terms of assets.
  • Primary activity in international capital markets remained buoyant, owing to the strong issuance of equity-related bonds by Japanese borrowers. In other sectors of the eurobond market, profitability remained low, reflecting the intensity of competition.
  • Other important developments during the year included the introduction of US-style syndication procedures to the eurobond markets; the launch of a 'global' bond by the IBRD; and the extension of credit ratings in the eurocommercial paper market following a number of defaults.

PDFDevelopments in international banking and capital markets in 1989


Other Quarterly Bulletin 1990 Q2 articles

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