Ismail Dalla, Heiko Hesse, 13 October 2009

As the financial crisis has curtailed the ability of borrowers in emerging markets to find funds abroad, they have turned to raising capital in domestic markets. Local-currency bond markets had already grown tremendously since the crises of the 1990s. This column says that deepening local-currency bond markets should now be a top priority for emerging economies.

Full Article: Growing local-currency bond markets