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Erschienen in:
2016 | OriginalPaper | Buchkapitel
Bond Markets
verfasst von : Paul Armstrong-Taylor
Erschienen in: Debt and Distortion
Verlag: Palgrave Macmillan UK
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The bond market has not attracted as much attention as the stock market, but its development is just as important. Aside from the direct benefits the bond market brings, it also supports other financial reforms. Developing the bond market will affect bank and local government borrowing, and if China plans to develop the renminbi into a reserve currency, large and liquid bond markets will be necessary. However, the experience of other countries shows that developing bond markets can be risky.