Finally Paid off!
The debt market finally paid off. CBI’s economic deputy announced that the capital market and foreign financing have doubled their shares of the nation’s fund raisings since the last year. “Developments of the debt market have driven down the banking network share by 10%” said Peyman Ghorbani during his keynote speech at Kish Invex 2016. Pointing out the Pro-cyclical effects of recent years’ fiscal policies, Ghorbani pictured the second relic of debt market deepening as the rebate of “business cycles” over the boom and bust periods. Counter-cyclical role, Liquidity Pro-cyclical role along with creating price and credit information are the bold of duties debt market can fulfill.