Emerging bond markets in the Dynamic Asian Economies

Article Abstract:

The Organization for Economic Co-operation and Development (OECD)-organized workshop on debt securities markets in Dynamic Asian Economies (DAEs) showed that bond markets in the DAEs are small, specially the corporate bond markets. This is due to several reasons which include controlled or administered interest rates, dominant positions of the banking sector, statutory limitations on the supply of bonds, prudential requirements and the poor development of bond market infrastructures in the DAEs.

Security brokers and dealers, Foreign trade & international banks, Economic aspects, Credit market, Credit markets

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Overview

Article Abstract:

International finance markets in 1995 were characterized by a 31% increase in activity from the level achieved during the previous year. This development is a consequence of the tremendous increase in medium-term bank loan syndication and the equally impressive rise in the number of non-underwritten facility arrangements.

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Subjects list: International aspects, Securities industry, Financial markets
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