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Developing Asean5 Bond Markets [electronic resource] : What Still Needs to Be Done? Gray, Simon.

Author/Creator:
Gray, Simon.
Publication:
Washington, D.C. : International Monetary Fund, 2011.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 11/135.
IMF Working Papers; Working Paper No. 11/135
Format/Description:
Government document
Book
1 online resource (34 p.)
Local subjects:
Asian bond markets.
Bond.
Bond futures.
Bond investors.
Bond issues.
Bond market.
Bond market development.
Bond markets.
Bond offering.
Bond offerings.
Bond rates.
Bond trading.
Bond transactions.
Bond yield.
Bond yield curve.
Bond yields.
Bonds.
Bull markets.
Cash bond markets.
Cash flows.
Central Banks and Their Policies.
Commercial banks.
Corporate bond.
Corporate bond market.
Corporate bond markets.
Corporate bonds.
Credit derivatives.
Credit rating agencies.
Credit risks.
Currency derivatives.
Derivative.
Derivative contracts.
Derivative exchanges.
Derivative market.
Derivative markets.
Derivative products.
Derivatives exchange.
Derivatives exchanges.
Derivatives market.
Derivatives markets.
Derivatives trading.
Development of bond markets.
Disclosure requirements.
Domestic bond.
Domestic bonds.
Domestic investment.
Equity derivatives.
Equity index futures.
Equity market.
Equity markets.
External auditors.
Financial Aspects of Economic Integration.
Financial derivatives.
Financial futures.
Financial institutions.
Financial intermediation.
Financial liberalization.
Financial market.
Financial market development.
Financial markets.
Financial Markets and the Macroeconomy.
Financial sector.
Financial stability.
Financial statements.
Fixed costs.
Fixed income.
Foreign companies.
Foreign currency.
Foreign exchange derivatives.
Foreign investors.
Futures contract.
Futures exchange.
Futures markets.
General.
Global Financial Crisis. -- 2008-2009
Gold futures.
Government bond.
Government bond yield.
Government bond yields.
Government bonds.
Hedge.
Hedging.
Hedging instruments.
Income from bond.
Index futures.
Information asymmetry.
Institutional investors.
Interest income.
Interest rate derivative.
Interest rate derivative markets.
Interest rate derivatives.
Interest rate futures.
Investment intermediaries.
Investment restrictions.
Investors.
Liquidity management.
Local bond.
Margin requirements.
Money market.
Money market instruments.
Money market investment.
Money market mutual fund.
Money market rates.
Money markets.
Mortgage bonds.
Municipal bonds.
Parent company.
Prudential regulation.
Registration procedures.
Regulatory barriers.
Regulatory framework.
Risk premium.
Short selling.
Stock exchange.
Stock futures.
Stock index.
Stock index futures.
Stock index options.
Tax regime.
Taxation.
Asia.
Indonesia.
Malaysia.
Philippines.
Singapore.
Thailand.
Summary:
This paper examines a range of issues relating to bond markets in the ASEAN5 (Indonesia, Malaysia, Philippines, Singapore and Thailand) - physical infrastructure including trading, clearing and settlement; regulation, supervision and legal underpinnings; and derivatives markets - and finds that the frameworks compare well with other Emerging Markets, following a decade of reform. A number of areas where further enhancements could be made are highlighted. The paper also examines the interrelationship between central bank management of short-term interest rates and domestic currency liquidity, and development of the wider money and bond markets; and suggests some lessons from the recent crisis in developed country financial markets which may be important for the future development of the ASEAN5 markets.
Notes:
Description based on print version record.
Contributor:
Carvajal, Ana.
Felman, Joshua.
Gray, Simon.
Jobst, Andreas.
Other format:
Print Version:
ISBN:
1455259403:
9781455259403
ISSN:
1018-5941
Publisher Number:
10.5089/9781455259403.001
Access Restriction:
Restricted for use by site license.
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