Syed Basher, Ismail Dalla, Heiko Hesse, 22 May 2010

The countries of the Gulf Cooperation Council were hit hard by declining oil prices during the global crisis. This column argues that East Asia has shown how viable local bond markets are essential to weather future crises when bank lending collapses. While it will be a long process requiring strong political will, the time for the “plumbing” work is now.

Full Article: Local currency bond markets in the Gulf Cooperation and lessons from East Asia