The emerging Asian bond market.

Abstract

No AccessStand Alone Books1 Feb 2013The emerging Asian bond market.Authors/Editors: World BankWorld Bankhttps://doi.org/10.1596/0-8213-3487-5SectionsAboutPDF (0.9 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:The economic performance of East Asia has been a remarkable story spanning several decades. The region has enjoyed macroeconomic stability, consistent growth, low inflation, increasing openness to international flows of trade and private capital, and a steady reduction in poverty and improvement in living standards. Along with rapid expansion of productive capacity and extensive structural changes in their economies, the financial sectors of these countries have also developed vigorously. The region now has a well developed banking system, and boasts four of the top twenty stock markets in the world. The combined size of its bond markets at US $338 billion, or 22 percent of Gross Domestic Product (GDP) at the end of 1994, was only one-third of the size of the region's equity markets. The main objectives of the report are to provide a comprehensive survey of the East Asian bond markets, identify the best practices that have fostered development of these bond markets, and present a broad agenda for reforms that will further contribute to their development in the region. This study finds great diversity among these markets in their size, sophistication, regulatory framework and infrastructure. Each of these countries has taken significant steps in recent years to improve the functioning of their bond markets. It is clear that most of these markets are poised for growth and, in most cases, the institutional prerequisites are either already in place or are being put in place. FiguresreferencesRecommendeddetailsCited byA Dynamic Analysis of S&P 500, FTSE 100 and EURO STOXX 50 Indices Under Different Exchange RatesSSRN Electronic JournalDescriptive Analysis of Finnish Equity, Bond and Money Market ReturnsSSRN Electronic JournalThe Albanian approach to municipal borrowing: From centralized control to market disciplinePublic Administration and Development, Vol.30, No.513 December 2010Why Doesn't Asia Have Bigger Bond Markets?SSRN Electronic JournalExamining the Relationship between Bond-Market Development and Risk Indicators that Portend Economic Downswings in Inflationary MarketsSSRN Electronic JournalThe Underlying Constraints On Corporate Bond Market Development in Southeast AsiaSSRN Electronic JournalCentral Banking and Economic Development View Published: December 1995ISBN: 978-0-8213-3487-4 Copyright & Permissions Related RegionsEast Asia & PacificRelated CountriesChinaIndonesiaMalaysiaSingaporeRelated TopicsFinance and Financial Sector DevelopmentPrivate Sector Development KeywordsBONDSCAPITAL MARKETSFINANCESAVINGSGROSS DOMESTIC PRODUCTPRIMARY MARKETSSECONDARY MARKETSCREDITTAXATIONREGULATIONSINVESTMENTSFOREIGN INVESTMENTSASIAN BOND MARKETASSET MANAGEMENTBANKING SYSTEMBONDINFLATIONINTERNATIONAL BANKLIVING STANDARDSMACROECONOMIC STABILITYMONETARY POLICYPRIVATE CAPITAL PDF DownloadLoading ...

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 30 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.