Building Local Bond Markets: An Asian PerspectiveSince the Asia and Tequila crises of the late 1990s, a growing number of emerging market countries have focused on developing local bond markets to lock in local currency, fixed-rate and long-term funding, and help governments and corporations better manage their financing risks. International organizations from Washington to Southeast Asia are pushing bond market development, to reduce global instability by improving domestic risk management. This book is part of the International Finance Corporation's efforts to assist countries in South Asia and other parts of the world to identify their need for local bond markets, the impediments to developing them, and how those impediments might be removed. The book is based on papers presented at the South Asian Debt Market Symposium held in Sri Lanka in October 1999. It provides valuable insights to emerging market nations wrestling with the issue of building local bond markets. This book will be of interest to bond market specialists, policymakers, and the private sector. |
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Contents
INTRODUCTION FRAMEWORK | 1 |
A Strategic Priority for Emerging Markets | 39 |
The Risk Management Benefits of Bonds | 47 |
Copyright | |
8 other sections not shown
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Common terms and phrases
active assets auction Bangladesh banking sector benchmark billion bond issues bond market development borrowing brokers capital market central bank commercial banks corporate bond market corporate debt corporate debt securities cost create crore debt instruments debt market economic equity ernment financial institutions financial sector financial system government bonds government securities market impediments increase India institutional investors insurance companies interest rates intermediaries investment investor base issuance issuers and investors Korea limited liquidity loans long-term market liquidity market makers market participants maturity ment money market Nepal Pakistan portfolio primary dealers primary market private sector problems provident funds public sector reduce regulations regulatory repo repo market requirements retail secondary market secondary market trading SECP securitization settlement system short selling short-term Sri Lanka state-owned stock exchange structure T-bills T-bonds Table TFC issues tion transactions treasury bills wholesale investors yield curve
References to this book
Asia's Debt Capital Markets: Prospects and Strategies for Development Douglas W. Arner,Glenn Yago,Jae-Ha Park,Paul Lejot,Qiao Liu No preview available - 2006 |
Bibliographic information
| Title | Building Local Bond Markets: An Asian Perspective World Bank e-Library |
| Editor | Alison Harwood |
| Contributor | International Finance Corporation |
| Edition | illustrated |
| Publisher | IFC, 2000 |
| Original from | the University of California |
| Digitized | Aug 22, 2008 |
| ISBN | 0821348191, 9780821348192 |
| Length | 286 pages |
| Subjects | › › Business & Economics / Finance Business & Economics / Finance / General Business & Economics / Money & Monetary Policy Business & Economics / Public Finance Political Science / Public Policy / Economic Policy |
| Export Citation | BiBTeX EndNote RefMan |