Building Local Bond MarBuilding local currency bond markets has become an increasingly
important topic for emerging market countries, particularly since the
Asian financial crisis. This book reviews why countries should consid-
er building local currency corporate bond markets and how to evalu-
ate what is needed and what might be developed. It includes eight
country studies: Republic of Korea, Australia, Malaysia, India, Paki-
stan, Sri Lanka, Bangladesh, and Nepal. It is based on the IFC-spon-
sored South Asia Debt Market Symposium held in October 1999 in Sri
Lanka, which brought together regulators and market participants
from around Asia and other parts of the globe to discuss issues in de-
veloping local markets. The book should provide valuable insights for
countries that are addressing these issues today.
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