the two main compromises: the tradeoffs between maturity and collateral, and between seniority and control. The framework …

insufficient support from government policies and regulations. Besides fostering a credit culture to deepen local debt markets, the … issue of critical size can be addressed through an integrated regional market for local currency bonds that provides greater … provide the underlying collateral for expanding fixed-income markets, and hence domestic and regional investment opportunities. …

contribution on bond spreads from global market conditions (including funding liquidity, market liquidity, as well as credit and …A structural vector autoregression model is developed to analyze the dynamics of bond spreads among a sample of mature … changes in bond spreads over the sample, global market risk factors are fundamental driving forces during periods of stress …

high oil prices. Executive Directors commended the Federal Reserve for its monetary tightening. They recognized that the …

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 …

. Instead it shows, first, that the use of ill-suited collateral in the secured funding operations of U.S.-based investment …

presented. The bond market comprises the interbank bond market, the exchange bond market, and the bank counter market. The two … trading in the same type of securities, being shares, bonds, funds, and warrants. …