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During the last three months, however, higher ratings and new bond issuances are pointing toward an improved creditworthiness in the region.
In parts of Britain, where house prices and mortgage issuances are now rising sharply, a credit boom may already be developing.
We need to step up support to improve local financial regulations, and work with both firms and investors to make sure the benefits of local bond issuances are better understood.
We also find that banks with a past issuance of an instrument that is now maturing at time t, Maturity Past Issuances, are more likely to issue debt to rollover.
Each quarter, the QIDS Q* metric is computed from randomly selected physicians for each hospital assigned to this intervention and official PhilHealth issuances are made to hospitals indicating whether or not it is qualified to receive bonus payments.
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A program of debt buybacks and smaller issuances was started.
Data on volume of issuances is expressed in millions of euros.
Four out of the top five countries, ranked by issuance, are from Europe, with Britain and France topping the list.
It is not yet clear just how ambitious Mr. Hollande's plans for joint bond issuance are.
But under the current system decisions about debt issuance are part of the over-all budget process, which mixes current and capital spending.
"Google's statements about our issuance practices and the scope of our past mis-issuances are exaggerated and misleading.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com