While still much more prevalent in the US than in Europe, non-bank funding via the provision of private debt is beginning to experience its heyday. How much potential does this alternative offer to companies and their treasury departments?
The growing trend in emerging markets (EMs) for businesses and consumers to move away from using cash and use alternative payment options and even virtual currencies promises benefits for the economic health of these regions.
Corporate bonds have become a popular investment vehicle in recent years, with sales of this form of capital raising registering high growth. In the developed world, a key driver behind the growth of corporate bonds has been the low interest rate regime persisting in many markets.
With deflation increasingly likely and many of its key economies still struggling to achieve growth, the picture from the eurozone remains bleak. Speakers at the UK’s Institute of Economic Affairs’ (IEA) annual ‘State of the Economy’ conference in London considered the region’s prospects.