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South Asian Bond Markets: Developing Longterm Finance For Growth,New
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The financial sectors in South Asia Region (SAR) are dominated by commercial banks, which account for the vast majority of the financial system s assets. The domestic debt markets including the government bond and corporate bond markets are at an early stage of development and there are few institutional investors. In recent years, countries in SAR have attempted to develop local debt markets, although the pace of development remains uneven and slow due to many regulatory and institutional impediments. With the notable exception of India, governments in SAR have yet to implement measures required for the proper development of the domestic bond markets. This book provides a comprehensive overview of the major bond markets in SAR (Bangladesh, India, Nepal, Pakistan and Sri Lanka) highlighting the areas which need further reforms and contributes to our knowledge of bond markets in South Asian countries.
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