South Asian Bond Markets : Developing Long-Term Finance for Growth
Bond markets play an essential part in economies. As part of a diversified financial system, a well-developed domestic bond market can help provide the long-term financing needed for sustainable growth. It can also produce broad-ranging benefits th...
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Washington, DC : World Bank
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2008/08/9861899/south-asian-bond-markets-developing-long-term-finance-growth http://hdl.handle.net/10986/6584 |
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okr-10986-65842021-04-23T14:02:25Z South Asian Bond Markets : Developing Long-Term Finance for Growth Sophastienphong, Kiatchai Mu, Yibin Saporito, Carlotta BANKING SECTOR REFORMS BOND MARKETS DOMESTIC DEBT SECURITIES MARKETS EQUITY MARKETS RANGE OF MATURITIES REGIONAL FINANCIAL MARKETS SUSTAINABLE GROWTH Bond markets play an essential part in economies. As part of a diversified financial system, a well-developed domestic bond market can help provide the long-term financing needed for sustainable growth. It can also produce broad-ranging benefits throughout the economy. In South Asia the development of domestic debt securities markets lags. The markets remain small compared both with the size of the region's economies and with markets in East Asia. Even in India the market is still small relative to Gross Domestic Product (GDP), suggesting that long-term debt financing remains at an early stage in the region. Equity markets and banks still dominate South Asian financial systems. Measures are needed to enhance both the depth and the breadth of South Asian bond markets, to bring them into line with those in East Asia and, in the long run, with those in Organization for Economic Co-operation and Development (OECD) countries. This study assesses domestic debt securities markets in South Asia, identifies constraints to their development, and recommends measures for developing deeper, broader, and more efficient markets that can provide a competitive source of finance across a wide range of maturities for different debt issuers. The study covers five countries-Bangladesh, India, Nepal, Pakistan, and Sri Lanka. Within the region the development of domestic debt securities markets varies widely. India's is the most developed. Its experience, along with those of East Asian economies, suggests that much potential remains for developing South Asian bond markets and expanding their contribution to growth and development. Greater regional integration of South Asian bond markets could add to the benefits. 2012-05-29T18:36:23Z 2012-05-29T18:36:23Z 2008 http://documents.worldbank.org/curated/en/2008/08/9861899/south-asian-bond-markets-developing-long-term-finance-growth 978-0-8213-7601-0 http://hdl.handle.net/10986/6584 English en_US Creative Commons Attribution CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC : World Bank Publications & Research :: Publication Publications & Research :: Publication South Asia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
BANKING SECTOR REFORMS BOND MARKETS DOMESTIC DEBT SECURITIES MARKETS EQUITY MARKETS RANGE OF MATURITIES REGIONAL FINANCIAL MARKETS SUSTAINABLE GROWTH |
| spellingShingle |
BANKING SECTOR REFORMS BOND MARKETS DOMESTIC DEBT SECURITIES MARKETS EQUITY MARKETS RANGE OF MATURITIES REGIONAL FINANCIAL MARKETS SUSTAINABLE GROWTH Sophastienphong, Kiatchai Mu, Yibin Saporito, Carlotta South Asian Bond Markets : Developing Long-Term Finance for Growth |
| geographic_facet |
South Asia |
| description |
Bond markets play an essential part in
economies. As part of a diversified financial system, a
well-developed domestic bond market can help provide the
long-term financing needed for sustainable growth. It can
also produce broad-ranging benefits throughout the economy.
In South Asia the development of domestic debt securities
markets lags. The markets remain small compared both with
the size of the region's economies and with markets in
East Asia. Even in India the market is still small relative
to Gross Domestic Product (GDP), suggesting that long-term
debt financing remains at an early stage in the region.
Equity markets and banks still dominate South Asian
financial systems. Measures are needed to enhance both the
depth and the breadth of South Asian bond markets, to bring
them into line with those in East Asia and, in the long run,
with those in Organization for Economic Co-operation and
Development (OECD) countries. This study assesses domestic
debt securities markets in South Asia, identifies
constraints to their development, and recommends measures
for developing deeper, broader, and more efficient markets
that can provide a competitive source of finance across a
wide range of maturities for different debt issuers. The
study covers five countries-Bangladesh, India, Nepal,
Pakistan, and Sri Lanka. Within the region the development
of domestic debt securities markets varies widely.
India's is the most developed. Its experience, along
with those of East Asian economies, suggests that much
potential remains for developing South Asian bond markets
and expanding their contribution to growth and development.
Greater regional integration of South Asian bond markets
could add to the benefits. |
| format |
Publications & Research :: Publication |
| author |
Sophastienphong, Kiatchai Mu, Yibin Saporito, Carlotta |
| author_facet |
Sophastienphong, Kiatchai Mu, Yibin Saporito, Carlotta |
| author_sort |
Sophastienphong, Kiatchai |
| title |
South Asian Bond Markets : Developing Long-Term Finance for Growth |
| title_short |
South Asian Bond Markets : Developing Long-Term Finance for Growth |
| title_full |
South Asian Bond Markets : Developing Long-Term Finance for Growth |
| title_fullStr |
South Asian Bond Markets : Developing Long-Term Finance for Growth |
| title_full_unstemmed |
South Asian Bond Markets : Developing Long-Term Finance for Growth |
| title_sort |
south asian bond markets : developing long-term finance for growth |
| publisher |
Washington, DC : World Bank |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2008/08/9861899/south-asian-bond-markets-developing-long-term-finance-growth http://hdl.handle.net/10986/6584 |
| _version_ |
1764398073590579200 |