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Bond markets and banks in emerging economies

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As the financial system in most emerging economies is centred on banks, an important aspect of thedevelopment of bond markets is the impact on the banking system. One frequently heard worry is thatbond markets could take business away from the banks. This raises some potential concerns for banksupervisors. On the other hand, if it means firms are less vulnerable to weaknesses in the bankingsystem, corporate bond issuance can help central banks achieve steady economic growth. Banks alsoplay an important role in developing a private sector bond market as they are often among the mostimportant issuers, holders, dealers, advisers, underwriters, guarantors,...
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Bond markets and banks in emerging economies

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