Pradhan, Mahmood; Peiris, Shanaka J.; Goswami, Mangal; … - International Monetary Fund (IMF) - 2011
investment likely to rise, ASEAN5 bond markets could expand rapidly over the next decade, holding out the prospect that the …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 before. How can we explain this …