Thailand Builds a Bond Market
Developing a local-currency bond market tops the agenda of many emerging economies intent on financial reform. The reasons are clear: a deep and liquid bond market provides an alternative to bank credit and thus helps to create a more competitive financial sector and to lower the cost of borrowing. And bonds tend to have longer maturities than bank loans in these economies, thereby reducing the … [ Read more ]
Content: Article | Author: Tobias Hoschka | Source: McKinsey Quarterly | Subjects: Economics, Finance | Industry: Finance / Banking