Tài liệu The Case of the Missing Market: The Bond Market and Why It Matters for Financial Development

ADB Institute
Working Paper Series
No. 11


July 2000


The Case of the Missing Market: The Bond Market and Why It Matters for Financial Development


Richard J. Herring and
Nathporn Chatusripitak
ADB INSTITUTE WORKING PAPER 11


ABOUT THE AUTHORS


Richard J. Herring is Jacob Safra Professor of International Banking and Professor of Finance
at the Wharton School of the University of Pennsylvania where he has been on the faculty since
1972. He received his doctorate at Princeton University. He was the founding Director of the
Wharton Financial Institutions Center and Vice Dean and Director of the Wharton
Undergraduate Division. He is currently Director of The Lauder Institute of Management and
International Studies and a member of the Shadow Financial Regulatory Committee. His
research interests include international finance, financial regulation, banking and financial
crises.


Nathporn Chatusripitak is a Ph.D. candidate in the Finance Department at the Wharton School
of the University of Pennsylvania. He completed his undergraduate degree in electrical
engineering at Brown University.


This paper is part of the Institute ’s research project on financial markets and development paradigms . Additional
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copies of the paper are available free from the Asian Development Bank Institute, 8 Floor, Kasumigaseki Building, 3-2-5
Kasumigaseki, Chiyoda-ku, Tokyo 100-6008, Japan. Attention: Publications.


Copyright ©2000 Asian Development Bank Institute and the authors. All rights reserved.
Produced by ADBI Publishing.


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