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TitleBond market development in emerging economies : a case study of the Bond Exchange of South Africa (BESA)
AuthorHove, T.
SubjectHG Finance
Date2009
TypeThesis
TypeNonPeerReviewed
Formattext
AbstractThis study looks at the development of bond markets in emerging economies and focuses on the development of the Bond Exchange of South Africa (BESA). It explores the history, structure, performance and key issues related to the development of this market within the broader context of domestic, regional and global bond market development. BESA"s experience provides valuable lessons for other emerging market economies also seeking to build bond markets. The sophistication of the local bond market is not enough to make it appealing to foreign borrowers. Market development demands an enabling market infrastructure and a background of macroeconomic stability, diversified market participants, deregulation of capital flows and an appropriate regulatory and supervisory environment.
Identifierhttp://eprints.ru.ac.za/1658/1/Hove-MCom-TR09-191.pdf
Identifier Hove, T. (2009) Bond market development in emerging economies : a case study of the Bond Exchange of South Africa (BESA). Masters thesis, Rhodes University.