Series: IMF Working Papers
Author(s): Mahmood Pradhan , Shanaka Peiris , Mangal Goswami , Dulani Seneviratne , Joshua Felman , Andreas Jobst , and Simon Gray
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2011
Keywords: ASEAN, market development, bond market, capital inflows, securities, capital markets, General Equilibrium and Disequilibrium: General, Financial Markets and the Macroeconomy, Financial Aspects of Economic Integration, Market Structure And Pricing
Since the Asian crisis, ASEAN5 countries have expended considerable effort in trying to develop their domestic bond markets. Yet today these markets are not much larger, relative to GDP, than they were a decade bef...