Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/128565 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
ADB Economics Working Paper Series No. 448
Verlag: 
Asian Development Bank (ADB), Manila
Zusammenfassung: 
We describe and assess two dimensions of the current state of bond market development in developing Asia: the role of bond markets in overall financial systems and a comparison of the salient features of bond market development in developing Asia and other regions. We highlight key drivers and constraints of bond market development in developing Asia, particularly in smaller economies, as well as key implications for policymakers, especially for promoting bond market development in the region. Our analysis suggests that high inflation volatility presents a serious obstacle to bond market development. We find that smaller developing Asian economies could enable bond market development by pursuing creditor friendly policies and strengthening the legal rights of borrowers.
Schlagwörter: 
bond market
financial development
financial system
JEL: 
G10
G15
F30
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Dokumentart: 
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