This digital document is an article from Finance & Development, published by International Monetary Fund on March 1, 1996. The length of the article is 2259 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: East Asia's bond markets have finally caught up with the rapid development of the region's real economy. Between 1989 and 1994, these markets grew by nearly 10% annually, which was twice the growth rate of bond markets in the US, the UK, Germany and Japan. At the end of 1994, bonds represented 22% of East Asian GDP. The impressive development of the region's bond and other securities markets has been aided by increased foreign portfolio investment in East Asia. Foreign investors have been encouraged by its stable exchange rates, sustained macroeconomic stability and open capital accounts. Financial liberalization in the region, particularly the elimination of extensive controls on interest rates and credit allocation, has also contributed significantly to the financial markets' development.
Citation Details Title: The emerging East Asian bond market.(Banking and Monetary Reform) Author: Ismail Dalla Publication:Finance & Development (Magazine/Journal) Date: March 1, 1996 Publisher: International Monetary Fund Volume: v33 Issue: n1 Page: p11(3)