Description
This paper was delivered by Barry Eichengreen, at a Public Lecture jointly organised by the Institute of Southeast Asian Studies and the Economic Society of Singapore in Singapore on 14 January 2004.
Data shows that Emerging Asia relies less on bonds and more on banks than developed countries. What costs, if any, do Asian countries incur as a result of their heavy dependence on bank finance and the underdevelopment of their bond market? Barry Eichengreen addresses the questions:
What benefits will flow from bond markets and will initiatives now being taken be adequate for achieving this end.
ISBN:9789812302717 
