01985cas a2200277 a 4500 AALejournalIMF007228 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455259403 1018-5941 BD-DhAAL BD-DhAAL Gray, Simon. Developing Asean5 Bond Markets : What Still Needs to Be Done? / Simon Gray, Andreas Jobst, Joshua Felman, Ana Carvajal. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (34 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 This paper examines a range of issues relating to bond markets in the ASEAN5 (Indonesia, Malaysia, Philippines, Singapore and Thailand) - physical infrastructure including trading, clearing and settlement; regulation, supervision and legal underpinnings; and derivatives markets - and finds that the frameworks compare well with other Emerging Markets, following a decade of reform. A number of areas where further enhancements could be made are highlighted. The paper also examines the interrelationship between central bank management of short-term interest rates and domestic currency liquidity, and development of the wider money and bond markets; and suggests some lessons from the recent crisis in developed country financial markets which may be important for the future development of the ASEAN5 markets. Mode of access: Internet Carvajal, Ana. Felman, Joshua. Jobst, Andreas. IMF Working Papers; Working Paper ; No. 2011/135 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/135/001.2011.issue-135-en.xml IMF e-Library