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AN ANALYSIS OF BOND MARKET LIQUIDITY AND REAL SECTOR OUTPUT IN SELECTED AFRICAN ECONOMIES

Patrick O. Eke, Kehinde A Adetiloye, Esther O Adegbite

The debate on development of the bond market as major channel of industrial finance is gaining traction in many African economies. The secondary arm of the market, aside from the liquidity window it provides for investors in the primary market, additionally creates information linkage by fostering capital formation for prospective investors and producers that require capital to meet their investment opportunities, assisting in the allocation and operational efficiency of the capital market. Except if the market remains thin, overtime, liquidity in the market becomes more visible in the economy’s financial architecture, as it ignites market dynamism in the financial services linkage with other sectors of the economy. Liquidity is a pre-requisite to deepening the bond market, conditioned on information availability to ease asset valuation. The rapidity and randomness of information is what actually distinguishes capital market functionality and efficiency (Wijst, 2013).
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THE ANALYSIS OF THE CREATIVE INDUSTRY LINKED IN CONNECTION WITH THE ECONOMIC DEVELOPMENT

Kloudová Jitka, Chwaszcz Ondřej

We consider the ability of creative thinking to be the basic element of the social development.This unique ability influences not just the quantity and quality of goods produced. It also shapes the socio-cultural development of a society. The influence of the creativity on the progress of the society is becoming more and more intensive.
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