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KEY ASPECTS OF LONG-TERM FINANCE

문서에서 Long-Term Finance (페이지 185-200)

Average duration of the last bank loan by

small fi rms (months)

Average duration of the last bank loan by

large fi rms (months)

Adults with loans

for home purchase

(%)

Adults with loans for school fees

(%)

Issuance volume of corporate bonds by private nonfi nancial fi rms to GDP

(%)

Average maturity of issued corporate bonds by private nonfi nancial fi rms (years)

Nonresident holding of long-term

debt securities to

GDP (%)

Bank loans to nonfi nancial fi rms with maturity at origination equal to or above 1 year

(%)

Afghanistan 8.9 8.2 0.7 0.00

Albania 16.2 58.5 58.9 2.2 2.1 2.0

Algeria 15.2 6.0 2.1 0.1

Andorra 7.0

Angola 7.0 38.1 41.0 3.6 17.7 0.1

Antigua and Barbuda 33.5 0 94.6

Argentina 18.1 34.6 35.1 0.4 1.4 0.6 4.6 2.5

Armenia 49.6 1.0 3.8 1.6

Aruba 55.0

Australia 37.2 2.2 8.6 34.7

Austria 25.3 1.3 9.4 86.0 78.3

Azerbaijan 24.0 0.3 5.3 1.4 10.0 1.3 78.4

Bahamas, The 13.9 2.8 23.1 62.4 91.1

Bahrain 4.0 12.8 2.0 7.0 6.6

Bangladesh 18.4 2.4 1.8 0.1

Barbados 13.6 4.7 4.6 59.1 90.3

Belarus 26.1 9.6 2.4 0.04 3.0 1.8

Belgium 33.3 3.0 9.1 56.9 66.8

Belize 23.2 14.9

Benin 2.3 0.4 7.0 0.1 18.5

Bermuda 22.5 8.3

Bhutan 44.3 0

Bolivia 24.5 67.1 50.3 4.0 5.8 0.8

Bosnia and Herzegovina 41.6 3.5 3.3 2.1 58.1

Botswana 28.2 59.8 62.4 1.4 2.3 0.1 1.5 0.2

Brazil 34.1 1.3 1.5 1.9 7.5 11.1 40.8

Brunei Darussalam 0.1

Bulgaria 27.6 38.9 32.7 1.9 1.8 1.0 5.0 5.2 69.7

Burkina Faso 18.0 0.4 11.6 0 9.8

Burundi 15.5 43.5 29.0 0.5 10.6 3.6

Cambodia 6.1 1.7 5.0 1.5

(appendix continued next page)

APPENDIX B

KEY ASPECTS OF LONG-TERM FINANCE

TABLE B.1 Economies and Their Maturity Structure of Finance, 2013

TABLE B.1 Economies and Their Maturity Structure of Finance, 2013 (continued)

Firms Households Providers

Economy

Proportion of fi xed investment fi nanced by banks, equity,

or stock sales

(%)

Average duration of the last bank loan by

small fi rms (months)

Average duration of the last bank loan by

large fi rms (months)

Adults with loans

for home purchase

(%)

Adults with loans for school fees

(%)

Issuance volume of corporate bonds by private nonfi nancial fi rms to GDP

(%)

Average maturity of issued corporate bonds by private nonfi nancial fi rms (years)

Nonresident holding of long-term

debt securities to

GDP (%)

Bank loans to nonfi nancial fi rms with maturity at origination equal to or above 1 year

(%)

Cameroon 16.5 1.5 15.2 0.04 36.8

Canada 28.5 3.7 12.1 34.3 72.5

Cabo Verde 37.8 0

Central African Republic 13.0 0.7 6.5 0 28.1

Chad 4.8 7.4 10.0 0.00 25.6

Chile 33.8 29.4 54.9 3.5 4.1 3.2 16.1 9.1 64.6

China 7.7 5.0 3.6 4.1 4.7 0.7

Colombia 23.8 23.2 22.6 2.6 6.2 2.2 11.0 6.1

Comoros 0.7 12.1 0

Congo, Dem. Rep. 2.6 22.0 63.3 0.4 7.2 1.3

Congo, Rep. 5.2 6.0 15.5 0.3 7.8 2.2 50.6

Costa Rica 21.0 62.0 39.8 3.2 2.5 1.0 30.0 2.4

Côte d’Ivoire 3.7 15.6 17.8 6.5 19.8

Croatia 42.1 4.3 2.8 2.9 6.6 15.4 78.9

Cuba 0.4

Cyprus 23.4 2.4 7.3 26.8 77.5

Czech Republic 19.2 8.1 1.2 1.3 8.7 15.8 70.3

Denmark 47.2 1.3 9.6 41.0

Djibouti 5.1 6.9 0

Dominica 25.8 0.8 93.2

Dominican Republic 25.8 1.6 7.1 0.9 7.0 5.3

Ecuador 24.2 23.1 27.2 2.0 4.8 0.5

Egypt, Arab Rep. 6.0 1.8 4.9 0.3 4.9 0.8

El Salvador 23.1 71.8 56.4 1.6 3.3 1.3 10.0 9.3

Equatorial Guinea 0

Eritrea 2.4 0

Estonia 26.3 16.2 5.9 0.6 5.4 4.0 92.2

Ethiopia 13.0 0

Faeroe Islands 38.5

Fiji 38.5 4.1

Finland 29.7 2.6 6.6 63.5 86.6

France 26.7 3.5 7.2 63.4 80.9

Gabon 3.6 36.0 19.0 0.5 9.3 1.8 25.6

Gambia, The 10.0 3.9 6.5 0.02

(appendix continued next page) TABLE B.1 Economies and Their Maturity Structure of Finance, 2013 (continued)

Firms Households Providers

Economy

Proportion of fi xed investment fi nanced by banks, equity,

or stock sales

(%)

Average duration of the last bank loan by

small fi rms (months)

Average duration of the last bank loan by

large fi rms (months)

Adults with loans

for home purchase

(%)

Adults with loans for school fees

(%)

Issuance volume of corporate bonds by private nonfi nancial fi rms to GDP

(%)

Average maturity of issued corporate bonds by private nonfi nancial fi rms (years)

Nonresident holding of long-term

debt securities to

GDP (%)

Bank loans to nonfi nancial fi rms with maturity at origination equal to or above 1 year

(%)

Georgia 37.1 0.6 1.2 4.7 8.4 8.9 76.1

Germany 31.9 20.8 2.7 6.8 52.3 84.5

Ghana 10.2 11.6 31.6 2.5 7.8 6.6

Greece 19.4 6.2 1.4 2.4 5.8 14.5 62.9

Grenada 31.7 0.4 92.8

Guatemala 24.1 60.8 68.8 1.5 4.0 0.8 9.7 0.8

Guinea 0.5 10.0 102.0 0.5 10.8 0 20.3

Guinea-Bissau 0.8 26.9 0 26.4

Guyana 0.1

Haiti 2.4 28.6 0

Honduras 15.1 57.1 28.4 1.5 4.3 1.6

Hong Kong SAR, China 11.2 4.6 7.5 11.7

Hungary 37.8 12.6 1.6 0.2 7.0 44.3 70.4

Iceland 1.6 7.0 50.8

India 28.8 2.3 5.5 1.3 8.2 1.7 63.7

Indonesia 9.0 0.7 10.7 0.9 8.3 5.5

Iran, Islamic Rep. 15.1 0.7 4.0 0.01

Iraq 2.5 14.8 12.9 0.7

Ireland 28.9 32.4 3.3 8.9 244.7 67.7

Isle of Man 33.0

Israel 15.3 9.8 0.7 8.2 8.6

Italy 10.2 1.8 12.9 45.5 62.6

Jamaica 22.9 3.2 3.1 12.6 7.8 2.4

Japan 16.0 1.6 6.9 7.0

Jordan 15.1 2.7 5.6 0.8 3.5 1.4

Kazakhstan 23.9 4.5 3.1 1.9 18.9 4.7

Kenya 15.6 0.9 8.5 1.0 10.7 0.7

Kiribati 0

Korea, Rep. 28.1 20.2 3.8 5.9 10.9

Kosovo 14.8 1.6 1.4 0

Kuwait 21.6 19.1 0.1 5.0 0.4

Kyrgyz Republic 35.3 0.4 1.1 0.03 2.0 1.9

Lao PDR 13.2 1.2 8.1 0.5

Latvia 33.1 8.1 3.8 0.03 3.3 12.4 77.9

TABLE B.1 Economies and Their Maturity Structure of Finance, 2013 (continued)

Firms Households Providers

Economy

Proportion of fi xed investment fi nanced by banks, equity,

or stock sales

(%)

Average duration of the last bank loan by

small fi rms (months)

Average duration of the last bank loan by

large fi rms (months)

Adults with loans

for home purchase

(%)

Adults with loans for school fees

(%)

Issuance volume of corporate bonds by private nonfi nancial fi rms to GDP

(%)

Average maturity of issued corporate bonds by private nonfi nancial fi rms (years)

Nonresident holding of long-term

debt securities to

GDP (%)

Bank loans to nonfi nancial fi rms with maturity at origination equal to or above 1 year

(%)

Lebanon 42.6 5.9 16.6 0.9 5.0 4.1

Lesotho 29.9 1.0 11.3 0

Liberia 9.5 4.5 4.6 3.6 15.4 128.0

Libya 0

Liechtenstein 5.5 7.6 2.4

Lithuania 46.7 5.6 2.0 0.6 5.1 25.7 77.6

Luxembourg 34.1 9.6 9.4 994.5 61.5

Macao SAR, China 3.8 7.5 0.3

Macedonia, FYR 34.0 3.9 5.2 2.0 65.7

Madagascar 8.1 9.3 30.6 0.8 5.4 0.00

Malawi 16.3 5.3 9.0 0.04

Malaysia 36.0 12.7 5.5 5.5 7.6 17.6 96.4

Maldives 0

Mali 15.0 24.6 24.0 0.6 8.1 0.03 16.9

Malta 18.4 5.6 77.4

Mauritania 7.3 20.8 106.3 5.3 16.5 0.01

Mauritius 30.8 43.2 22.9 4.5 3.2 6.4

Mexico 17.3 18.0 40.8 2.7 8.6 3.0 10.8 12.1 71.7

Micronesia, Fed. Sts. 5.8 0

Moldova 32.6 0.6 4.8 0.5

Monaco 0.03

Mongolia 21.8 3.0 7.0 0.2 5.0 13.9

Montenegro 65.2 4.5 8.5 4.9

Morocco 13.3 4.8 3.7 2.1

Mozambique 4.9 7.7 20.9 0.9 8.3 0.3

Namibia 15.7 62.7 86.7 5.5

Nepal 16.3 5.1 12.5 0

Netherlands 40.1 3.6 11.4 177.8 68.5

New Zealand 35.3 1.3 5.9 17.6

Nicaragua 17.2 34.2 218.9 0.4 1.8 1.6

Niger 8.8 1.5 5.8 0.01 30.1

Nigeria 1.4 0.6 4.7 0.1 5.0 0.8

Norway 4.2 9.8 37.2

Oman 14.5 0.4 5.0 0.1

(appendix continued next page) TABLE B.1 Economies and Their Maturity Structure of Finance, 2013 (continued)

Firms Households Providers

Economy

Proportion of fi xed investment fi nanced by banks, equity,

or stock sales

(%)

Average duration of the last bank loan by

small fi rms (months)

Average duration of the last bank loan by

large fi rms (months)

Adults with loans

for home purchase

(%)

Adults with loans for school fees

(%)

Issuance volume of corporate bonds by private nonfi nancial fi rms to GDP

(%)

Average maturity of issued corporate bonds by private nonfi nancial fi rms (years)

Nonresident holding of long-term

debt securities to

GDP (%)

Bank loans to nonfi nancial fi rms with maturity at origination equal to or above 1 year

(%)

Pakistan 9.1 1.8 3.0 0.01 3.6 0.3

Panama 6.4 50.2 41.6 11.5 13.3 1.6 15.6 23.0

Papua New Guinea 2.0

Paraguay 23.3 18.4 18.9 1.3 9.1 1.2 10.0 1.2

Peru 40.1 19.6 32.2 1.1 5.5 2.1 10.1 8.7

Philippines 15.0 3.6 20.7 1.8 9.4 8.7

Poland 30.0 2.7 0.5 0.4 6.7 19.6 69.7

Portugal 15.3 23.2 3.3 5.7 43.7 73.4

Qatar 18.5 1.1 12.7 3.8

Romania 34.1 3.7 0.8 0 2.0 7.2 62.9

Russian Federation 9.1 1.4 0.8 2.8 8.5 2.0 72.7

Rwanda 18.0 23.6 82.2 1.9 10.1 1.6

Samoa 41.7 0

São Tomé and Príncipe 0.05

Saudi Arabia 12.3 10.0 1.1 11.5 0.1 46.2

Senegal 15.0 20.8 48.3 0.1 2.6 3.0 34.3

Serbia 37.8 1.4 2.6 1.5 7.0 8.2 56.9

Seychelles 4.1

Sierra Leone 8.9 5.6 12.8 0.4 10.6 1.8

Singapore 18.9 5.7 2.9 5.2 16.6 72.0

Slovak Republic 25.8 7.5 1.3 3.7 16.1 23.4 62.1

Slovenia 37.6 10.3 1.1 6.6 37.1 71.5

Solomon Islands 0.01

South Africa 25.8 31.6 39.0 4.3 6.0 1.6 6.8 11.4

Spain 23.7 31.6 2.4 8.2 47.8 81.5

Sri Lanka 37.1 3.6 2.2 0.5 5.0 8.6

St. Kitts and Nevis 38.1 15.4 93.1

St. Lucia 22.7 1.4 94.0

St. Vincent and the Grenadines 34.6 2.5 96.0

Sudan 6.2 22.9 0

Suriname 33.0 0.05

Swaziland 12.0 57.3 25.8 6.0 15.2 0.3

Sweden 53.5 3.2 5.5 61.6 24.2

Switzerland 3.5 7.7 10.0

Firms Households Providers

Economy

Proportion of fi xed investment fi nanced by banks, equity,

or stock sales

(%)

Average duration of the last bank loan by

small fi rms (months)

Average duration of the last bank loan by

large fi rms (months)

Adults with loans

for home purchase

(%)

Adults with loans for school fees

(%)

Issuance volume of corporate bonds by private nonfi nancial fi rms to GDP

(%)

Average maturity of issued corporate bonds by private nonfi nancial fi rms (years)

Nonresident holding of long-term debt securities to

GDP (%)

Bank loans to nonfi nancial fi rms with maturity at origination equal to or above 1 year

(%)

Syrian Arab Republic 5.3 3.6 0.05

Tajikistan 29.6 0.4 4.1 1.1

Tanzania 8.0 19.4 26.9 4.4 11.6 1.0

Thailand 62.7 5.1 11.2 3.8 6.6 5.0

Timor-Leste 0.8 0

Togo 14.9 2.1 11.4 0.04 27.1

Tonga 36.5 0

Trinidad and Tobago 21.3 1.5 3.3 4.4 10.0 6.7

Tunisia 2.4 4.3 4.0 67.5

Turkey 42.0 1.4 3.1 0.4 7.3 11.6

Turkmenistan 0.7 0.6

Tuvalu 0

Uganda 13.2 14.6 41.0 1.0 11.5 0.7

Ukraine 31.0 1.0 1.3 1.6 5.5 7.5 48.1

United Arab Emirates 17.9 20.2 1.7 10.8 6.8

United Kingdom 31.0 4.2 12.9 55.8 70.0

United States 31.2 4.6 11.1 29.3 3.7

Uruguay 15.8 32.0 33.8 1.9 1.3 0.2 6.1 17.5

Uzbekistan 8.0 0 0.5 0.02 2.7 0

Vanuatu 37.7 0

Venezuela, RB 0.5 3.6 1.0 13.0 5.8

Vietnam 15.8 3.0 10.1 0.1 4.5 1.3

West Bank and Gaza 6.2 5.3 19.8 0.00

Yemen, Rep. 2.5 1.0 1.5 0 4.4

Zambia 6.2 22.7 27.5 1.2 2.8 2.4

Zimbabwe 9.0 0.8 9.9 0.4

TABLE B.1 Economies and Their Maturity Structure of Finance, 2013 (continued)

NOTES

Additional data: The above table presents information from various databases, includ-ing the World Bank Global Financial Inclu-sion (Global Findex) Database, World Bank Enterprise Surveys, World Bank Global Syn-dicated Loans and Bonds Database (FinDebt), IMF Coordinated Portfolio Investment Survey (CPIS), as well as from central banks of indi-vidual member countries. More information can be found at

Global Findex: http://www.worldbank.org /globalfi ndex

Enterprise Surveys: http://www.enterprise surveys.org/

IMF CPIS: http://cpis.imf.org/Default.aspx Period covered: The table shows 2013 or the most recent data for individuals, formal fi rms, and providers.

Proportion of fixed investment financed by banks, equity, or stock sales (%): Estimated proportion of total purchases of fi xed assets fi nanced from bank loans, owners’ contribu-tion, or issuance of new equity shares. The data are from Enterprise Surveys, World Bank.

Average duration of the last bank loan by small fi rms (months): Original term to matu-rity of the most recent outstanding loan or line of credit, averaged over small fi rms (with employee size less than 20). The data are from Enterprise Surveys, World Bank.

Average duration of the last bank loan by large fi rms (months): Original term to matu-rity of the most recent outstanding loan or line of credit, averaged over large fi rms (with employee size equal to or above 100). The data are from Enterprise Surveys, World Bank.

Adults with loans for home purchase (%):

Percentage of adult respondents (age 15+) who report having an outstanding loan to purchase their home or apartment. The data are from Global Findex (Demirgüç-Kunt and Klapper 2012).

Adults with loans for school fees (%): Per-centage of adult respondents (age 15+) who

report having an outstanding loan to pay for school fees. The data are from Global Findex (Demirgüç-Kunt and Klapper 2012).

Issuance volume of corporate bonds by pri-vate nonfinancial firms to GDP (%): Ratio of newly issued corporate bonds by nonpub-lic sector in industries other than finance, holding companies, and insurance to gross domestic product (GDP). The data are from the World Bank FinDebt Database with underlying information from DCM Analyt-ics, Dealogic.

Average maturity of issued corporate bonds by private nonfinancial firms (years): Vol-ume weighted average of corporate bond maturity for all issuances by the nonpublic sector in industries other than fi nance, hold-ing companies, and insurance. The data are from the World Bank FinDebt Database with underlying information from DCM Analyt-ics, Dealogic.

Nonresident holding of long-term debt secu-rities to GDP (%): Bonds, debentures, and notes with original terms to maturity of more than one year, held by nonresidents.

The data are based on the IMF Coordinated Portfolio Investment Survey, table 16.2.A, on long-term debt securities. Strictly positive amounts smaller than 0.005 percent of GDP are reported as 0.00. Countries covered in the database but with no issuances in 2013 are reported as 0.

Bank loans to nonfi nancial fi rms with matu-rity at origination equal to or above 1 year (%): Percentage of bank loans to nonfi nan-cial firms with original maturity equal to or above one year. The data are available from national central banks and supervisory authorities.

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문서에서 Long-Term Finance (페이지 185-200)