Series: IMF Working Papers
Author(s): Mangal Goswami , and Sunil Sharma
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2011
Keywords: local currency debt markets, investor base, bank lending, regulatory framework, bond markets, securities, capital market, bond market, Financial Markets and the Macroeconomy, Financial Aspects of Economic Integration
The paper makes 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 liquidit...