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Corporate bond markets of Korea, Malaysia and Thailand

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  • Corporate bond markets of Korea, Malaysia and Thailand
  • Shimizu, Satoshi
  • The Institute of Comparative Economic Studies


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Title Corporate bond markets of Korea, Malaysia and Thailand
Similar Titles
Material Type Articles
Author(English)

Shimizu, Satoshi

Publisher

[Tokyo]:The Institute of Comparative Economic Studies

Date 2008
Journal Title; Vol./Issue Journal of International Economic Studies:No. 22
Pages 16
Subject Country Malaysia(Asia and Pacific)
South Korea(Asia and Pacific)
Thailand(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Economy < Economic System
Holding The Institute of Comparative Economic Studies

Abstract

Developing corporate bond markets is an important policy task for Asian countries. In Korea, there is much room for expansion of the market. In Malaysia, corporate bond issues have increased since the Asian crisis. In Thailand, the corporate bond market is not yet matured in comparison with Korea and Malaysia. Regarding corporate financing, the corporate bond market expanded in Malaysia and the issuance of bonds has gained the same importance as bank lending. On the other hand, in Korea and Thailand, the dependence of the financial system mainly on the banking sector has not changed. In the corporate bond markets of the three countries, issuing size should be enlarged and issuers should be more diversified. For that purpose, the various governments involved and the Asian Bond Markets Initiative must continue their efforts to develop the markets, while respecting market mechanisms and the situation of the financial system in each country.