Bond market development in East Asia: issues and challenges

Abstract

erd working paper series no. 35 economics and research department bond market development in east asia: issues and challenges raul fabella srinivasa madhur january 2003 asian development bank www.adb.org/economics/default.asp erd working paper no. 35 bond market development in east asia: issues and challenges asian development bank p.o. box 789 0980 manila philippines 2003 by asian development bank january 2003 issn 1655-5252 the views expressed in this paper are those of the author(s) and do not necessarily reflect the views or policies of the asian development bank. erd working paper no. 35 bond market development in east asia: issues and challenges raul fabella and srinivasa madhur january 2003 raul fabella is a professor of economics at the university of the philippines, and a staff consultant to the asian development bank (february-april 2002) when this paper was prepared; srinivasa madhur is principal economist at the regional economic monitoring unit, asian development bank. an earlier version of this paper was presented at a seminar on regional bond markets, held on 29 may 2002 in madrid, spain. foreword the erd working paper series is a forum for ongoing and recently completed research and policy studies undertaken in the asian development bank or on its behalf. the series is a quick-disseminating, informal publication meant to stimulate discussion and elicit feedback. papers published under this series could subsequently be revised for publication as articles in …

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