Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/53552 
Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
ADBI Working Paper No. 326
Verlag: 
Asian Development Bank Institute (ADBI), Tokyo
Zusammenfassung: 
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
Dokumentart: 
Working Paper

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