Emerging Asian Fixed Income Markets

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Emerging Asian Fixed Income Markets

Author : Erik Banks
Publisher : Springer
Page : 362 pages
File Size : 45,8 Mb
Release : 1994-11-17
Category : Business & Economics
ISBN : 9781349136339

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Emerging Asian Fixed Income Markets by Erik Banks Pdf

The investor community is constantly looking for new sources of investment opportunity in the form of current income and capital gains. Much of the focus by fund managers, institutional investors and retail investors is currently on the global emerging markets of Asia where over $1 trillion of infrastructure and development projects will have to be funded over the next decade. In recent months, more institutions have been focusing on the fixed income markets, where returns have been impressive. The text from credit risk authority Erik Banks provides a detailed review of the emerging Asian fixed income markets and their primary instruments, along with a discussion of market participants, market mechanics and associated hedging and financing instruments.

Emerging Bond Markets in the Dynamic Asian Economies

Author : Organisation for Economic Co-operation and Development
Publisher : OECD
Page : 264 pages
File Size : 48,5 Mb
Release : 1993
Category : Business & Economics
ISBN : STANFORD:36105008701489

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Emerging Bond Markets in the Dynamic Asian Economies by Organisation for Economic Co-operation and Development Pdf

Provides a detailed survey of a largely unexplored territory - the bond markets in the Dynamic Asian Economies of Hong Kong, Korea, Malaysia, Singapore, Taiwan and Thailand.

Investing in Emerging Fixed Income Markets

Author : Frank J. Fabozzi, CFA,Efstathia Pilarinu
Publisher : John Wiley & Sons
Page : 392 pages
File Size : 54,7 Mb
Release : 2002-03-22
Category : Business & Economics
ISBN : 0471218367

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Investing in Emerging Fixed Income Markets by Frank J. Fabozzi, CFA,Efstathia Pilarinu Pdf

An investor's guide to capitalizing on opportunities in the fixed income markets of emerging economies The fixed income market in emerging countries represents a new and potentially lucrative area of investment for professionals, but with great risk. Investing in Emerging Fixed Income Markets shows investors how to identify solid investment opportunities, assess the risk potential, and develop an investment approach to enhance long-term returns. Contributors to this book, among the leading experts from around the world, share their insights, advice, and knowledge on a range of topics that will help investors make the right decisions and choices when dealing with emerging fixed income markets. This fully updated and revised edition of the Handbook of Emerging Fixed Income and Currency Markets is the best guide for navigating the complicated world of emerging fixed income markets. Efstathia Pilarinu (Strasbourg, France) is a consultant specializing in the derivatives and emerging market fixed income areas. She has worked for several major Wall Street firms, including Salomon Brothers, Bankers Trust, Societe General. She has a doctorate degree and an MBA in finance from the University of Tennessee and an undergraduate degree in mathematics from the University of Patras, Greece. John Wiley & Sons, Inc. is proud to be the publisher of the esteemed Frank J. Fabozzi Series. Comprising nearly 100 titles--which include numerous bestsellers--The Frank J. Fabozzi Series is a key resource for finance professionals and academics, strategists and students, and investors. The series is overseen by its eponymous editor, whose expert instruction and presentation of new ideas have been at the forefront of financial publishing for over twenty years. His successful career has provided him with the knowledge, insight, and advice that has led to this comprehensive series. Frank J. Fabozzi, PhD, CFA, CPA, is Editor of the Journal of Portfolio Management, which is read by thousands of institutional investors, as well as editor or author of over 100 books on finance for the professional and academic markets. Currently, Dr. Fabozzi is an adjunct Professor of Finance at Yale University's School of Management and on the board of directors of the Guardian Life family of funds and the Black Rock complex of funds.

Trading Fixed Income and FX in Emerging Markets

Author : Dirk Willer,Ram Bala Chandran,Kenneth Lam
Publisher : John Wiley & Sons
Page : 272 pages
File Size : 50,7 Mb
Release : 2020-09-02
Category : Business & Economics
ISBN : 9781119599050

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Trading Fixed Income and FX in Emerging Markets by Dirk Willer,Ram Bala Chandran,Kenneth Lam Pdf

A practitioner's guide to finding alpha in fixed income trading in emerging markets Emerging fixed income markets are both large and fast growing. China, currently the second largest economy in the world, is predicted to overtake the United States by 2030. Chinese fixed income markets are worth more than $11 trillion USD and are being added to global fixed income indices starting in 2019. Access for foreigners to the Indian fixed income market, valued at almost 1trn USD, is also becoming easier – a trend repeated in emerging markets around the world. The move to include large Emerging Market (EM) fixed income markets into non-EM benchmarks requires non-EM specialists to understand EM fixed income. Trading Fixed Income in Emerging Markets examines the principle drivers for EM fixed income investing. This timely guide suggests a more systematic approach to EM fixed income trading with a focus on practical trading rules on how to generate alpha, assisting EM practitioners to limit market-share losses to passive investment vehicles. The definitive text on trading EM fixed income, this book is heavily data-driven – every trading rule is thoroughly back-tested over the last 10+ years. Case studies help readers identify and benefit from market regularities, while discussions of the business cycle and typical EM events inform and optimise trading strategies. Topics include portfolio construction, how to apply ESG principles to EM and the future of EM investing in the realm of Big Data and machine learning. Written by practitioners for practitioners, this book: Provides effective, immediately-accessible tools Covers all three fixed income asset classes: EMFX, EM local rates and EM credit Thoroughly analyses the impact of the global macro cycle on EM investing Examines the influence of the financial rise of China and its fixed income markets Includes case studies of trades that illustrate how markets typically behave in certain situations The first book of its kind, Trading Fixed Income in Emerging Markets: A Practitioner’s Guide is an indispensable resource for EM fund managers, analysts and strategists, sell-side professionals in EM and non-EM specialists considering activity in emerging markets.

The Emerging Asian Bond Market

Author : Ismail Dalla
Publisher : World Bank Publications
Page : 172 pages
File Size : 52,7 Mb
Release : 1995-01-01
Category : Business & Economics
ISBN : 0821334875

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The Emerging Asian Bond Market by Ismail Dalla Pdf

Provides a comprehensive survey of the East Asian bond markets, identifies best practices for fostering their development, and presents a broad agenda for further reforms. East Asia's spectacular economic performance over the past several decades has been marked by macroeconomic stability, consistent growth, low inflation, the lowering of trade barriers, and an overall improvement in living standards. The region now has a well developed banking system and boasts four of the top 20 stock markets in the world. Its bond markets, however, are relatively small and at an early stage of development. This report provides a comprehensive survey of the East Asian bond markets, identifies best practices for fostering their development, and presents a broad agenda of reforms for their further development. The report, which is based on studies of bond markets in China, Hong Kong, Indonesia, the Republic of Korea, Malaysia, the Philippines, Singapore, and Thailand, finds great diversity among those markets. It was presented at the Emerging Asian Bond Market Conference, co-sponsored by the World Bank and the Hong Kong Monetary Authority and held in Hong Kong, June 26-27, 1995. It is believed that with the proper institutional prerequisites in place, the markets will grow very rapidly and become a leading source of financing for the region. "The [study] and this conference mark the World Bank's increasing support and participation in the development of bond markets in the region." --Joseph Yam, Chief Executive, Hong Kong Monetary Authority

The Development of Local Debt Markets in Asia

Author : Mr.Mangal Goswami,Mr.Sunil Sharma
Publisher : International Monetary Fund
Page : 33 pages
File Size : 46,9 Mb
Release : 2011-06-01
Category : Business & Economics
ISBN : 9781455259373

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The Development of Local Debt Markets in Asia by Mr.Mangal Goswami,Mr.Sunil Sharma Pdf

The paper makes an assessment of the progress made in developing local debt markets in emerging Asia. Market development has been limited by hurdles confronting borrowers and lenders, current and potential liquidity providers, and insufficient support from government policies and regulations. Besides fostering a credit culture to deepen local debt markets, the issue of critical size can be addressed through an integrated regional market for local currency bonds that provides greater scale, efficiency, and access. With rapid economic growth in Asia, a key challenge is to generate financial assets that can provide the underlying collateral for expanding fixed-income markets, and hence domestic and regional investment opportunities.

The Asian Bond Markets Initiative

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 69 pages
File Size : 49,6 Mb
Release : 2017-06-01
Category : Business & Economics
ISBN : 9789292578442

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The Asian Bond Markets Initiative by Asian Development Bank Pdf

The Asian Bond Markets Initiative (ABMI) was launched in December 2002 by the Association of Southeast Asian Nations (ASEAN) and the People’s Republic of China, Japan, and the Republic of Korea---collectively known as ASEAN+3 to strengthen financial stability and reduce the region’s vulnerability to the sudden reversal of capital flows. This paper also provides recommendations for addressing new sources of market volatility and other challenges within and outside the framework of the Asian Bond Markets Initiative.

The Bond Markets Of Developing East Asia

Author : Robert F Emery
Publisher : Routledge
Page : 384 pages
File Size : 45,7 Mb
Release : 2018-02-23
Category : Political Science
ISBN : 9780429965340

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The Bond Markets Of Developing East Asia by Robert F Emery Pdf

This comprehensive book provides detailed descriptions and analysis of the bond markets in eight East Asian developing economies: Hong Kong, Indonesia, South Korea, Malaysia, the Philippines, Singapore, Taiwan, and Thailand. Drawing on the most recent data available, Emery assesses the strengths and weaknesses of each countrys bond market, concluding with comparisons of the eight countries bond markets. The book will be an invaluable reference for economists, policymakers, and all those interested in emerging capital markets. }Drawing on the most recent data available, this comprehensive book provides detailed descriptions and analysis of the bond markets in eight East Asian developing economies: Hong Kong, Indonesia, South Korea, Malaysia, the Philippines, Singapore, Taiwan, and Thailand. Robert Emery devotes a full chapter to evaluating the strengths and weaknesses of each countrys bond market. For each country, Emery describes the history of the bond market and identifies its key participants, the different types of bonds, and the current terms for bond issues. He also discusses the size of the bond market, the bond issuing process, trading procedures and the structure of the market, the clearing and settlement system, and fees and taxes. Finally, he lists the regulators of the market, current regulations, and bond rating agencies; assesses the markets past performance; and offers suggestions for improvement.Each country chapter is organized into a standard format, making it easy for the reader to locate and compare specific information. Emery concludes the book with cross-country comparisons of the eight countries bond markets. It will be an invaluable reference for economists, policymakers, and all those interested in emerging capital markets. }

Building Local Bond Markets

Author : Alison Harwood
Publisher : World Bank Publications
Page : 538 pages
File Size : 54,7 Mb
Release : 2000-01-01
Category : Business & Economics
ISBN : 0821348191

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Building Local Bond Markets by Alison Harwood Pdf

Since the Asia and Tequila crises of the late 1990s, a growing number of emerging market countries have focused on developing local bond markets to lock in local currency, fixed-rate and long-term funding, and help governments and corporations better manage their financing risks. International organizations from Washington to Southeast Asia are pushing bond market development, to reduce global instability by improving domestic risk management. This book is part of the International Finance Corporation's efforts to assist countries in South Asia and other parts of the world to identify their need for local bond markets, the impediments to developing them, and how those impediments might be removed. The book is based on papers presented at the South Asian Debt Market Symposium held in Sri Lanka in October 1999. It provides valuable insights to emerging market nations wrestling with the issue of building local bond markets. This book will be of interest to bond market specialists, policymakers, and the private sector.

A Guide to Asian High Yield Bonds

Author : Florian H. A. Schmidt
Publisher : John Wiley & Sons
Page : 480 pages
File Size : 54,9 Mb
Release : 2014-01-28
Category : Business & Economics
ISBN : 9781118502020

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A Guide to Asian High Yield Bonds by Florian H. A. Schmidt Pdf

An up-to-date, comprehensive analysis of the high-yield bond market in Asia Beginning with a general definition of high-yield bond products and where they reside within the corporate capital structure, this newly updated guide looks at the development of high-yield bonds in the United States and Europe before analysing this sector in Asia. It covers issuer countries and industries, ratings, and size distributions, and also covers the diversification of the high-yield issuer universe. It includes a thorough technical analysis of high-yield bond structures commonly employed in Asian transactions, including discussion of the respective covenants and security packages that vary widely across the region. Chapters and sections new to this edition cover such subjects as high-yield bond restructuring, the new high-yield "Dim Sum" market, and the high-yield placement market shutdown of 2008 – 2009. Finally, the book looks at the new characteristics of Asian economies for indicators on how the high-yield market will develop there are the near future. Offers an extremely detailed analysis of Asia's high-yield bond market Features new and updated material, including new coverage of the key differences between Asian structures and United States structures Ideal for CFOs of companies contemplating high-yield issuance, as well as investment bankers, bank credit analysts, portfolio managers, and institutional investors

The Emerging Asia Pacific Capital Markets: Challenges and Opportunities

Author : Larry Cao,Luis Garcia-Feijóo
Publisher : CFA Institute Research Foundation
Page : 137 pages
File Size : 45,9 Mb
Release : 2021-05-24
Category : Business & Economics
ISBN : 9781952927157

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The Emerging Asia Pacific Capital Markets: Challenges and Opportunities by Larry Cao,Luis Garcia-Feijóo Pdf

Emerging and frontier financial markets in the Asia-Pacific region have experienced significant changes in recent years in areas affecting regulation, market participants, and products. This collection presents perspectives from authors in local markets who provide their analysis of the history, current development, and future outlook for 11 countries: Bangladesh, Cambodia, India, Indonesia, Malaysia, Mongolia, Pakistan, the Philippines, Sri Lanka, Thailand, and Vietnam. The brief should be particularly valuable for prospective investors interested in learning about regulatory developments, market structure, and financial history in the region.

Asia Bond Monitor November 2023

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 150 pages
File Size : 48,5 Mb
Release : 2023-01-01
Category : Business & Economics
ISBN : 9789292704711

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Asia Bond Monitor November 2023 by Asian Development Bank Pdf

This publication reviews recent developments in East Asian local currency bond markets along with the outlook, risks, and policy options. It covers the 10 members of the Association of Southeast Asian Nations and the People’s Republic of China; Hong Kong, China; and the Republic of Korea.

Asia Bond Monitor March 2017

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 135 pages
File Size : 42,8 Mb
Release : 2017-03-01
Category : Business & Economics
ISBN : 9789292577780

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Asia Bond Monitor March 2017 by Asian Development Bank Pdf

The Asia Bond Monitor (ABM) reviews recent developments in East Asian local currency bond markets along with the outlook, risks, and policy options. The ABM covers the 10 Association of Southeast Asian Nations member countries plus the People's Republic of China; Hong Kong, China; and the Republic of Korea.

Asia-Pacific Fixed Income Markets

Author : Jonathan A. Batten,Thomas A. Fetherston
Publisher : Unknown
Page : 412 pages
File Size : 50,6 Mb
Release : 2002-02
Category : Business & Economics
ISBN : UCSD:31822031374358

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Asia-Pacific Fixed Income Markets by Jonathan A. Batten,Thomas A. Fetherston Pdf

As stability has begun to return to the Asia-Pacific region, so do international investors' appetites for high-yielding Asian securities. Right now, due to the substantial bank debt accrued during the last financial crisis there, the liveliest investment areas in the Asian-Pacific region are fixed income instruments. Authors Jonathan A. Batten and Thomas A. Fetherston provide country-by-country analyses, including highly-focused descriptions of the history, current disposition, and future prospects of each country's bond markets, along with detailed explanations of the market structure and conventions in each. Jonathan Batten is a Professor of Finance at Deakin University. His professional experience includes senior posts at the Australian Industry Development Corporation, The Bank of Tokyo, Credit Lyonnais and IBM Consulting in their Asia-Pacific Banking and Finance Group.

Emerging Bond Markets

Author : Tamara Teplova,Tatiana V. Sokolova,Qaiser Munir
Publisher : Routledge
Page : 351 pages
File Size : 51,9 Mb
Release : 2020-10-25
Category : Business & Economics
ISBN : 9781000201789

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Emerging Bond Markets by Tamara Teplova,Tatiana V. Sokolova,Qaiser Munir Pdf

The bond market is a key securities market and emerging economies present exciting, new investment opportunities. This timely book provides insights into these emerging bond markets through empirical models and analytical databases, i.e. Bloomberg, Eikon Refinitiv and the Russian Cbonds. The book looks at the dynamics of the development of emerging bond markets, their competitiveness, features and patterns using macro and micro level data. It also takes into consideration various securities type i.e. government, corporate, sub-federal and municipal bonds, to identify respective challenges and risks. The book also analyses factors that may inhibit or stimulate a well-balanced financial market. It includes case studies of Asian, Latin American and Russian bond markets, as also as cross-country comparisons. It will be a useful reference for anyone who is interested to learn more of the bond market and the modelling techniques for critical data analysis.