Felman, Joshua; Gray, Simon; Goswami, Mangal; Jobst, … - In: Asian-Pacific Economic Literature 28 (2014) 1, pp. 60-75
type="main" <p>Since the late 1990s' Asian crisis, ASEAN-5 countries have expended considerable effort in developing their bond markets. However, the size of these markets relative to GDP has hardly changed. Can we explain this? And does it mean that domestic markets have not, in fact, developed?...</p>
