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Asian Development Bank Institute
Although the growing literature on the importance of finance in economic growth contrasts bank-based financial systems with market-based financial systems, little attention has been paid to the role of the bond market. Correspondingly the role of the bond market has been very small relative to that of the banking system or equity markets in most Asian emerging economies. We argue that the underdevelopment of Asian bond markets has...
43 p mku 08/06/2012 306 1
Từ khóa: Funds Analysis, Financial Sector, Financial Infrastructure, Financial Markets, Economy with Private Placement, Funds Matrix
Asian Development Bank Institute
Although the growing literature on the importance of finance in economic growth contrasts bank-based financial systems with market-based financial systems, little attention has been paid to the role of the bond market. Correspondingly the role of the bond market has been very small relative to that of the banking system or equity markets in most Asian emerging economies. We argue that the underdevelopment of Asian bond markets has...
43 p mku 02/06/2012 290 1
Từ khóa: Funds Analysis, Financial Sector, Financial Infrastructure, Financial Markets, Economy with Private Placement, Funds Matrix
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