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This discussion paper 'Capital Market Development and Emergence of Institutional Investors in the Asia-Pacific Region' was prepared for ESCAP by Hans Genberg, Advisor on Macroeconomics and Monetary Policy Management, South East Asian Central Banks (SEACEN) Research and Training Centre, Malaysia. Research assistance from Nicole Genberg is gratefully acknowledged.

This discussion paper "Capital Market Development and Emergence of Institutional Investors in the Asia-Pacific Region" was prepared for ESCAP by Hans Genberg, Advisor on Macroeconomics and Monetary Policy Management, South East Asian Central Banks (SEACEN) Research and Training Centre, Malaysia. Research assistance from Nicole Genberg is gratefully acknowledged.

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Macroeconomic Policy and Financing for Development Division +66 2 288-1234 [email protected]