The objective of this paper is to discuss the key issues relating to the development of local corporate bond markets …. We examine the requirements for local corporate bond market development, and compare and contrast experiences across both … mature and emerging markets. We suggest that core aspects such as benchmarking, corporate governance and disclosure, credit …

issue of critical size can be addressed through an integrated regional market for local currency bonds that provides greater …

Since the Asian crisis, ASEAN5 countries have expended considerable effort in trying to develop their domestic bond …? And does this mean that domestic markets have not, in fact, developed? The paper argues that bond market growth has been … held back by a sharp fall in investment rates, which has left firms with little need for bond borrowing. Even so, markets …

currency bond issuance by multilateral financial institutions; and (iv) build the capacity of the existing regional …

We use data on the extent to which residents of one country hold the bonds of issuers resident in another as a measure … case in which the purchaser and issuer of the bonds reside in different regions. Not surprisingly, we find that Europe is … participation in local markets and to intraregional cross holdings of Asian bonds generally. Further results based on a limited …