... impediment in Thailand as well. Legal impediments are being explicitly addressed currently in Brazil and Indonesia, and in India a bill facilitating securitisation will shortly be introduced into ... deposits as a source of funds. Indeed, in many cases (eg Brazil, China, Germany, India, Indonesia, Mexico, Poland, Russia and Thailand) banks and other financial institutions account for most ... mortgages. In emerging economies, private institutions have often failed to set up such a market. As a result, in both Hong Kong and Malaysia, the central banks have been instrumental in setting up...