Corporate bond markets in Asia

5 December 2005

Corporate bond markets in Asia differ widely in size. Some primary markets have opened up to foreign issuers while others have relied on quasigovernment issuers. Secondary markets often suffer from illiquidity, due in varying degrees to narrow investor bases, inadequate microstructures and a lack of timely information about issuers.

JEL classification: G140, G180, M400, O160.