Malaysia's Domestic Bond Market: A Success Story
Many emerging markets and developing economies (EMDEs) face challenges in developing a vibrant domestic bond market. Only a few have developed such markets to a level of full maturity as Malaysia has. Although the overall size of most domestic corporate bond markets in EMDEs (in terms of percentage...
Gespeichert in:
Körperschaft: | |
---|---|
Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
The World Bank
2020
|
Schriftenreihe: | World Bank E-Library Archive
|
Online-Zugang: | Volltext |
Zusammenfassung: | Many emerging markets and developing economies (EMDEs) face challenges in developing a vibrant domestic bond market. Only a few have developed such markets to a level of full maturity as Malaysia has. Although the overall size of most domestic corporate bond markets in EMDEs (in terms of percentage to GDP) remains small, the Malaysian capital market is one of the most well-developed among its neighbors and countries of comparable size and characteristics. The IMF's Financial Market Index, a broad-based index to measure depth, ease of access, and efficiency of financial markets (IMF 2016), ranks the Malaysian financial market fifth in Asia after Hong Kong SAR, China, Japan, the Republic of Korea, and Singapore. According to this index, Malaysia's debt market, which is composed of corporate bonds and sukuk, is significantly more developed than those of comparable EMDEs such as Chile and Turkey. This report primarily focuses on the development of Malaysia's local bond market as a source of long-term local currency (LCY) financing. It aims to extract the key lessons that can benefit policy makers as well as stakeholders in both the public and private sectors. This report validates the worth of the building blocks many use for capital market development, as well as the fundamental principles and forces that have shaped and sustained the growth of Malaysia's debt capital market. Malaysia's ability to develop specific segments of the debt capital market can be best demonstrated through two specific cases: the domestic debt capital market has played a vital role in financing Malaysia's infrastructure, and Malaysia has played a significant role as an Islamic finance center |
Beschreibung: | 1 Online-Ressource |
DOI: | 10.1596/34538 |
Internformat
MARC
LEADER | 00000nmm a2200000zc 4500 | ||
---|---|---|---|
001 | BV048273608 | ||
003 | DE-604 | ||
007 | cr|uuu---uuuuu | ||
008 | 220609s2020 |||| o||u| ||||||eng d | ||
024 | 7 | |a 10.1596/34538 |2 doi | |
035 | |a (ZDB-1-WBA)NLM011145307 | ||
035 | |a (OCoLC)1334051277 | ||
035 | |a (DE-599)GBVNLM011145307 | ||
040 | |a DE-604 |b ger |e rda | ||
041 | 0 | |a eng | |
049 | |a DE-12 |a DE-521 |a DE-573 |a DE-523 |a DE-Re13 |a DE-19 |a DE-355 |a DE-703 |a DE-91 |a DE-706 |a DE-29 |a DE-M347 |a DE-473 |a DE-824 |a DE-20 |a DE-739 |a DE-1043 |a DE-863 |a DE-862 | ||
110 | 2 | |a World Bank Group |e Verfasser |4 aut | |
245 | 1 | 0 | |a Malaysia's Domestic Bond Market |b A Success Story |
264 | 1 | |a Washington, D.C |b The World Bank |c 2020 | |
300 | |a 1 Online-Ressource | ||
336 | |b txt |2 rdacontent | ||
337 | |b c |2 rdamedia | ||
338 | |b cr |2 rdacarrier | ||
490 | 0 | |a World Bank E-Library Archive | |
520 | |a Many emerging markets and developing economies (EMDEs) face challenges in developing a vibrant domestic bond market. Only a few have developed such markets to a level of full maturity as Malaysia has. Although the overall size of most domestic corporate bond markets in EMDEs (in terms of percentage to GDP) remains small, the Malaysian capital market is one of the most well-developed among its neighbors and countries of comparable size and characteristics. The IMF's Financial Market Index, a broad-based index to measure depth, ease of access, and efficiency of financial markets (IMF 2016), ranks the Malaysian financial market fifth in Asia after Hong Kong SAR, China, Japan, the Republic of Korea, and Singapore. According to this index, Malaysia's debt market, which is composed of corporate bonds and sukuk, is significantly more developed than those of comparable EMDEs such as Chile and Turkey. This report primarily focuses on the development of Malaysia's local bond market as a source of long-term local currency (LCY) financing. It aims to extract the key lessons that can benefit policy makers as well as stakeholders in both the public and private sectors. This report validates the worth of the building blocks many use for capital market development, as well as the fundamental principles and forces that have shaped and sustained the growth of Malaysia's debt capital market. Malaysia's ability to develop specific segments of the debt capital market can be best demonstrated through two specific cases: the domestic debt capital market has played a vital role in financing Malaysia's infrastructure, and Malaysia has played a significant role as an Islamic finance center | ||
856 | 4 | 0 | |u https://doi.org/10.1596/34538 |x Verlag |z kostenfrei |3 Volltext |
912 | |a ZDB-1-WBA | ||
943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-033653803 |
Datensatz im Suchindex
_version_ | 1824556217936117763 |
---|---|
adam_text | |
adam_txt | |
any_adam_object | |
any_adam_object_boolean | |
author_corporate | World Bank Group |
author_corporate_role | aut |
author_facet | World Bank Group |
author_sort | World Bank Group |
building | Verbundindex |
bvnumber | BV048273608 |
collection | ZDB-1-WBA |
ctrlnum | (ZDB-1-WBA)NLM011145307 (OCoLC)1334051277 (DE-599)GBVNLM011145307 |
discipline | Wirtschaftswissenschaften |
discipline_str_mv | Wirtschaftswissenschaften |
doi_str_mv | 10.1596/34538 |
format | Electronic eBook |
fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nmm a2200000zc 4500</leader><controlfield tag="001">BV048273608</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220609s2020 |||| o||u| ||||||eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1596/34538</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-WBA)NLM011145307</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1334051277</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBVNLM011145307</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-523</subfield><subfield code="a">DE-Re13</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-M347</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-1043</subfield><subfield code="a">DE-863</subfield><subfield code="a">DE-862</subfield></datafield><datafield tag="110" ind1="2" ind2=" "><subfield code="a">World Bank Group</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Malaysia's Domestic Bond Market</subfield><subfield code="b">A Success Story</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">The World Bank</subfield><subfield code="c">2020</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">World Bank E-Library Archive</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Many emerging markets and developing economies (EMDEs) face challenges in developing a vibrant domestic bond market. Only a few have developed such markets to a level of full maturity as Malaysia has. Although the overall size of most domestic corporate bond markets in EMDEs (in terms of percentage to GDP) remains small, the Malaysian capital market is one of the most well-developed among its neighbors and countries of comparable size and characteristics. The IMF's Financial Market Index, a broad-based index to measure depth, ease of access, and efficiency of financial markets (IMF 2016), ranks the Malaysian financial market fifth in Asia after Hong Kong SAR, China, Japan, the Republic of Korea, and Singapore. According to this index, Malaysia's debt market, which is composed of corporate bonds and sukuk, is significantly more developed than those of comparable EMDEs such as Chile and Turkey. This report primarily focuses on the development of Malaysia's local bond market as a source of long-term local currency (LCY) financing. It aims to extract the key lessons that can benefit policy makers as well as stakeholders in both the public and private sectors. This report validates the worth of the building blocks many use for capital market development, as well as the fundamental principles and forces that have shaped and sustained the growth of Malaysia's debt capital market. Malaysia's ability to develop specific segments of the debt capital market can be best demonstrated through two specific cases: the domestic debt capital market has played a vital role in financing Malaysia's infrastructure, and Malaysia has played a significant role as an Islamic finance center</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1596/34538</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-WBA</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033653803</subfield></datafield></record></collection> |
id | DE-604.BV048273608 |
illustrated | Not Illustrated |
index_date | 2024-07-03T20:00:09Z |
indexdate | 2025-02-20T07:20:03Z |
institution | BVB |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033653803 |
oclc_num | 1334051277 |
open_access_boolean | 1 |
owner | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
owner_facet | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
physical | 1 Online-Ressource |
psigel | ZDB-1-WBA |
publishDate | 2020 |
publishDateSearch | 2020 |
publishDateSort | 2020 |
publisher | The World Bank |
record_format | marc |
series2 | World Bank E-Library Archive |
spellingShingle | Malaysia's Domestic Bond Market A Success Story |
title | Malaysia's Domestic Bond Market A Success Story |
title_auth | Malaysia's Domestic Bond Market A Success Story |
title_exact_search | Malaysia's Domestic Bond Market A Success Story |
title_exact_search_txtP | Malaysia's Domestic Bond Market A Success Story |
title_full | Malaysia's Domestic Bond Market A Success Story |
title_fullStr | Malaysia's Domestic Bond Market A Success Story |
title_full_unstemmed | Malaysia's Domestic Bond Market A Success Story |
title_short | Malaysia's Domestic Bond Market |
title_sort | malaysia s domestic bond market a success story |
title_sub | A Success Story |
url | https://doi.org/10.1596/34538 |
work_keys_str_mv | AT worldbankgroup malaysiasdomesticbondmarketasuccessstory |