Masala Bond Program–Nurturing a Local Currency Bond Market

Masala Bond Program–Nurturing a Local Currency Bond Market

The financing needs of emerging markets are enormous. Sectors such as infrastructure, small business, and housing are vital to a nation’s sustainable development and require substantial financing support. Since these sectors primarily generate reve...

Full description

Bibliographic Details
Main Author: Shi, Lin
Format: Brief
Language:English
Published: International Finance Corporation, Washington, DC 2018
Subjects:
CURRENCY BOND MARKET
EMERGING MARKET ECONOMIES
EXCHANGE RATE RISK
BOND MARKET
RISK MITIGATION
CREDIT RISK
LIQUIDITY RISK
Online Access:http://documents.worldbank.org/curated/en/424391486540674044/Masala-bond-program-nurturing-a-local-currency-bond-market
http://hdl.handle.net/10986/30356
id okr-10986-30356
recordtype oai_dc
spelling okr-10986-303562021-05-25T10:54:41Z Masala Bond Program–Nurturing a Local Currency Bond Market Shi, Lin CURRENCY BOND MARKET EMERGING MARKET ECONOMIES EXCHANGE RATE RISK BOND MARKET RISK MITIGATION CREDIT RISK LIQUIDITY RISK The financing needs of emerging markets are enormous. Sectors such as infrastructure, small business, and housing are vital to a nation’s sustainable development and require substantial financing support. Since these sectors primarily generate revenues in local currency, foreign currency financing may incur a mismatch that can expose emerging market borrowers to exchange rate risk in times of high volatility. Local currency bond issuance is a significant potential option that avoids such risks and can support private sector investment in productive sectors of emerging markets. 2018-09-06T15:45:55Z 2018-09-06T15:45:55Z 2017-01 Brief http://documents.worldbank.org/curated/en/424391486540674044/Masala-bond-program-nurturing-a-local-currency-bond-market http://hdl.handle.net/10986/30356 English EMCompass,no. 30; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo International Finance Corporation International Finance Corporation, Washington, DC Publications & Research Publications & Research :: Brief South Asia India
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic CURRENCY BOND MARKET
EMERGING MARKET ECONOMIES
EXCHANGE RATE RISK
BOND MARKET
RISK MITIGATION
CREDIT RISK
LIQUIDITY RISK
spellingShingle CURRENCY BOND MARKET
EMERGING MARKET ECONOMIES
EXCHANGE RATE RISK
BOND MARKET
RISK MITIGATION
CREDIT RISK
LIQUIDITY RISK
Shi, Lin
Masala Bond Program–Nurturing a Local Currency Bond Market
geographic_facet South Asia
India
relation EMCompass,no. 30;
description The financing needs of emerging markets are enormous. Sectors such as infrastructure, small business, and housing are vital to a nation’s sustainable development and require substantial financing support. Since these sectors primarily generate revenues in local currency, foreign currency financing may incur a mismatch that can expose emerging market borrowers to exchange rate risk in times of high volatility. Local currency bond issuance is a significant potential option that avoids such risks and can support private sector investment in productive sectors of emerging markets.
format Brief
author Shi, Lin
author_facet Shi, Lin
author_sort Shi, Lin
title Masala Bond Program–Nurturing a Local Currency Bond Market
title_short Masala Bond Program–Nurturing a Local Currency Bond Market
title_full Masala Bond Program–Nurturing a Local Currency Bond Market
title_fullStr Masala Bond Program–Nurturing a Local Currency Bond Market
title_full_unstemmed Masala Bond Program–Nurturing a Local Currency Bond Market
title_sort masala bond program–nurturing a local currency bond market
publisher International Finance Corporation, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/424391486540674044/Masala-bond-program-nurturing-a-local-currency-bond-market
http://hdl.handle.net/10986/30356
_version_ 1764471779432071168

Similar Items