This paper examines a range of issues relating to bond markets in the ASEAN5 (Indonesia, Malaysia, Philippines … wider money and bond markets; and suggests some lessons from the recent crisis in developed country financial markets which …

Since the Asian crisis, ASEAN5 countries have expended considerable effort in trying to develop their domestic bond …? And does this mean that domestic markets have not, in fact, developed? The paper argues that bond market growth has been … held back by a sharp fall in investment rates, which has left firms with little need for bond borrowing. Even so, markets …

issue of critical size can be addressed through an integrated regional market for local currency bonds that provides greater …

orderly transition from merit-based regulation of corporate issuers and institutional investors to a disclosure …