|
EconStor >
Asian Development Bank Institute (ADBI), Tokyo >
ADBI Working Paper Series, Asian Development Bank Institute >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/53552
|
| | |
| Title: | | The development of local debt markets in Asia: An assessment  |
| Authors: | | Goswarni, Mangal Sharma, Sunil |
| Issue Date: | | 2011 |
| Series/Report no.: | | ADBI working paper series 326 |
| Abstract: | | The paper gives an assessment of the progress made in developing local debt markets in emerging Asia. Market development has been limited by hurdles confronting borrowers and lenders, current and potential liquidity providers, and insufficient support from government policies and regulations. Besides fostering a credit culture to deepen local debt markets, the issue of critical size can be addressed through an integrated regional market for local currency bonds that provides greater scale, efficiency, and access. With rapid economic growth in Asia, a key challenge is to generate financial assets that can provide the underlying collateral for expanding fixed-income markets, and hence domestic and regional investment opportunities. |
| JEL: | | E44 F36 G18 H63 O16 |
| Document Type: | | Working Paper |
| Appears in Collections: | | ADBI Working Paper Series, Asian Development Bank Institute
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/53552
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|