Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 114 pages
File Size : 50,5 Mb
Release : 2022-09-01
Category : Business & Economics
ISBN : 9789292697143
Local Currency Collateral for Cross-Border Financial Transactions by Asian Development Bank Pdf
Active use of local currency-denominated bonds for cross-border collateral transactions could help the development of regional bond markets by mitigating risks, reducing the credit costs of financial institutions, and expanding market liquidity. This report identifies the challenges faced by regional collateral markets and proposes seven policy recommendations for promoting the cross-border use of local currency bonds as collateral in the Association of Southeast Asian Nations plus the People’s Republic of China, Japan, and the Republic of Korea—known collectively as ASEAN+3.