Bond market development in emerging economies : a case study of the Bond Exchange of South Africa (BESA)

Hove, T. (2009) Bond market development in emerging economies : a case study of the Bond Exchange of South Africa (BESA). Masters thesis, Rhodes University.

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Abstract

This study looks at the development of bond markets in emerging economies and focuses on the development of the Bond Exchange of South Africa (BESA). It explores the history, structure, performance and key issues related to the development of this market within the broader context of domestic, regional and global bond market development. BESA's experience provides valuable lessons for other emerging market economies also seeking to build bond markets. The sophistication of the local bond market is not enough to make it appealing to foreign borrowers. Market development demands an enabling market infrastructure and a background of macroeconomic stability, diversified market participants, deregulation of capital flows and an appropriate regulatory and supervisory environment.

Item Type:Thesis (Masters)
Additional Information:A thesis submitted in partial fulfilment of the requirements for the degree of Masters in Commerce (Financial Markets)
Uncontrolled Keywords:Bond Exchange of South Africa, bond market, foreign exchange rates
Subjects:H Social Sciences > HG Finance
Divisions:Faculty > Faculty of Commerce > Economics and Economic History
Supervisors:Faure, P. (Prof.)
ID Code:1658
Deposited By: Rhodes Library Archive Administrator
Deposited On:29 Apr 2010 11:04
Last Modified:06 Jan 2012 16:21
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