Moreover, euro area bond funds hold almost a quarter of all outstanding debt securities issued by euro area non-financial corporates, while equity funds hold almost half a trillion in equities of euro area non-financial corporates. 13  See Igan and Kang (2011) and Kuttner and Shim (2013). 14  See: Banking structures report, bankingstructuresreport201410.en.pdf.
The top panel of exhibit 3 shows that even though the emerging Asian economies were hit quite hard by the global downturn, they recovered much more quickly than did other parts of the world.