Publication:
Malaysia’s Domestic Bond Market: A Success Story

Simple item page
dc.contributor.authorWorld Bank
dc.date.accessioned2020-09-30T14:59:19Z
dc.date.available2020-09-30T14:59:19Z
dc.date.issued2020-09-28
dc.description.abstractMany 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/150131601443507839/Malaysia-s-Domestic-Bond-Market-A-Success-Story
dc.identifier.doi10.1596/34538
dc.identifier.urihttps://hdl.handle.net/10986/34538
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectBOND MARKET
dc.subjectBANKING SYSTEM
dc.subjectSAVINGS RATE
dc.subjectMARKET DEVELOPMENT
dc.subjectCAPITAL MARKETS
dc.subjectCORPORATE BONDS
dc.subjectDEBT MARKETS
dc.titleMalaysia’s Domestic Bond Marketen
dc.title.subtitleA Success Storyen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleMalaysia’s Domestic Bond Market
okr.date.disclosure2020-09-30
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Other Financial Sector Study
okr.docurlhttp://documents.worldbank.org/curated/en/150131601443507839/Malaysia-s-Domestic-Bond-Market-A-Success-Story
okr.guid150131601443507839
okr.identifier.doi10.1596/34538
okr.identifier.externaldocumentum090224b087e22c35_1_0
okr.identifier.internaldocumentum32440982
okr.identifier.report153419
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/150131601443507839/pdf/Malaysia-s-Domestic-Bond-Market-A-Success-Story.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryMalaysia
okr.sectorFinance
okr.themeFinancial and private sector development :: International financial standards and systems
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Capital Markets and Capital Flows
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Finance and Development
okr.topicFinance and Financial Sector Development::Securities Markets Policy & Regulation
okr.unitFinance, Competitiveness and Innovation Global Practice
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
Malaysia-s-Domestic-Bond-Market-A-Success-Story.pdf
Size:
2.65 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
Malaysia-s-Domestic-Bond-Market-A-Success-Story.txt
Size:
300.09 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 2 of 2
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Other Financial Sector Study