01808cas a2200253 a 4500 AALejournalIMF007224 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455259373 1018-5941 BD-DhAAL BD-DhAAL Goswami, Mangal. The Development of Local Debt Markets in Asia / Mangal Goswami, Sunil Sharma. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper makes an assessment of the progress made in developing local debt markets in emerging Asia. Market development has been limited by hurdles confronting borrowers and lenders, current and potential liquidity providers, and insufficient support from government policies and regulations. Besides fostering a credit culture to deepen local debt markets, the issue of critical size can be addressed through an integrated regional market for local currency bonds that provides greater scale, efficiency, and access. With rapid economic growth in Asia, a key challenge is to generate financial assets that can provide the underlying collateral for expanding fixed-income markets, and hence domestic and regional investment opportunities. Mode of access: Internet Sharma, Sunil. IMF Working Papers; Working Paper ; No. 2011/132 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/132/001.2011.issue-132-en.xml IMF e-Library