Développer les marchés obligataires locaux dans les pays émergents et en développement: le rôle de la transparence de marché

Florian Lalanne and Jim Turnbull

Revue d'économie financière, 2021, vol. N° 141, issue 1, 179-192

Abstract: This article focuses on the role of market transparency in supporting the development of domestic bond markets in emerging and developing economies. Market transparency is defined as the availability of information regarding the activity on bond markets. When organising the supervision of markets, authorities need to set appropriate rules for the reporting and disclosure of information to be able to control the activity of market participants. Improving market transparency should also foster price discovery mechanisms, allowing bond prices to integrate all available information. Due to the very particular structure of the bond market compared to equity markets, it is nevertheless not always the case that transparency supports market development. Starting with an analysis of the microstructure of bond markets, we explore the measures helping to improve market transparency and assess their benefits and limitations to support domestic bond markets development in emerging and developing economies. Classification JEL : G10, G14, G18.

JEL-codes: G10 G14 G18 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=ECOFI_141_0179 (application/pdf)
http://www.cairn.info/revue-d-economie-financiere-2021-1-page-179.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:refaef:ecofi_141_0179

Access Statistics for this article

More articles in Revue d'économie financière from Association d'économie financière
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().