刊行物

内容紹介

ASEAN countries have been trying to diversify their heavy reliance on the banking sector in favor of other financial intermediation vehicles, including equity and fixed-income markets. Supply and demand conditions are such that bond markets in particular will become increasingly important in these countries; most member-states have launched initiatives to develop their respective fixed-income markets. Moreover, financial cooperation is now taking on a priority role in the ASEAN economic cooperation process. This paper considers what will be required to strengthen individual bond markets in ASEAN, as well as develop a framework within which a regional bond market can be established.