The Bond Markets Of Developing East Asia

Author : Robert F Emery
Publisher : Routledge
Page : 384 pages
File Size : 48,5 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. }

Author : Raul V. Fabella,Srinivasa Madhur
Publisher : Unknown
Page : 38 pages
File Size : 54,9 Mb
Release : 2003
Category : Bond market
ISBN : STANFORD:36105112977264

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Bond Market Development in East Asia by Raul V. Fabella,Srinivasa Madhur Pdf

In postcrisis Asia, the development of domestic bond markets is increasingly seen as one of the key requirements to strengthen the financial sectors of East Asian countries and to reduce their vulnerabilities to future financial crises. There is a great diversity in terms of the level of bond market development across East Asian countries. Judged by several indicators of bond market development, Hong Kong, China and Singapore are ahead of other countries, followed by a second tier consisting of Korea; Malaysia; and Taipei,China and a third tier consisting of People's Republic of China, Philippines, and Thailand. Indonesia's bond market is perhaps the most nascent among East Asian bond markets. Initiatives to develop bond markets in East Asia should focus on: (i) sustaining a stable macroeconomic environment with low inflation and stable interest rates, (ii) developing a healthy government bond market that would serve as a benchmark for the corporate bond market, (iii) completing the postcrisis agenda of banking sector restructuring, (iv) improving corporate governance, (v) strengthening the regulatory framework for bond market, (vi) rationalizing tax treatment of bonds, (vii) broadening the investor base, and (viii) promoting the growth of regional bond market centers. Since at present there is a great diversity in the levels of bond market development across countries, significant country-specific deciphering of these requirements will be needed for developing country strategies for bond market development.

Author : Swati R. Ghosh
Publisher : World Bank Publications
Page : 234 pages
File Size : 53,5 Mb
Release : 2006-01-01
Category : Business & Economics
ISBN : 9780821367445

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East Asian Finance by Swati R. Ghosh Pdf

This study analyzes the key issues and constraints -- in terms of efficiency, access and safety and soundness -- faced by East Asian countries in developing their financial markets which are at different stages of development, drawing on global experience. The study takes stock of the initiatives being undertaken at the regional level to foster greater financial integration as a means of deepening and diversifying financial markets, and on the policy issues that need to be addressed at the domestic level to deepen and diversify financial markets and to actually benefit from the actions that are being taken at the regional level.

Author : Douglas Arner,Paul Lejot,S. Ghon Rhee
Publisher : Institute of Southeast Asian Studies
Page : 28 pages
File Size : 41,9 Mb
Release : 2005
Category : Business & Economics
ISBN : 9812303618

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Impediments to Cross-border Investments in Asian Bonds by Douglas Arner,Paul Lejot,S. Ghon Rhee Pdf

Following the Asian financial crisis, the development of local currency bond markets in each of the APEC economies as well as regional bond markets has received the highest priority among financial market policy-makers. Bond markets are considered as an alternative vehicle for domestic savings mobilization and also as a critical means of mitigating the dual mismatch problems of currency and maturity. However, tangible achievements have yet to materialize. The appeal of Asian bonds as evidenced by cross-border investments is dismally insignificant. Given the limited level of market activities associated with foreign investment in Asian bonds and with the supply of local currency or foreign currency denominated bonds issued by foreign borrowers in Asia, this study is designed to identify the types of impediments to cross-border investment in Asian bonds and to propose policy recommendations.

Author : Douglas W. Arner,Jae-Ha Park,Paul Lejot,Qiao Liu
Publisher : Springer Science & Business Media
Page : 328 pages
File Size : 53,6 Mb
Release : 2006-12-11
Category : Business & Economics
ISBN : 9780387250908

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Asia's Debt Capital Markets by Douglas W. Arner,Jae-Ha Park,Paul Lejot,Qiao Liu Pdf

This volume comprises studies by leading research scholars in the United States and Asia on Asia’s debt capital markets. The book is unique in drawing upon the research, experience and perspectives of experts from the academic, legal, governmental and practical investment fields. They assess the risks and opportunities, and strategies for developing these markets. The authors adopt a multidisciplinary approach, encompassing economics, finance and law.

Author : Organisation for Economic Co-operation and Development
Publisher : OECD
Page : 256 pages
File Size : 43,7 Mb
Release : 1993
Category : Bond market
ISBN : UCSD:31822015277718

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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.

Author : Mr.Mangal Goswami,Mr.Sunil Sharma
Publisher : International Monetary Fund
Page : 33 pages
File Size : 43,7 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.

Author : Ismail Dalla
Publisher : World Bank Publications
Page : 172 pages
File Size : 48,9 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

Author : Yung Chul Park,Daekeun Park
Publisher : Unknown
Page : 4 pages
File Size : 40,7 Mb
Release : 2003
Category : Bond market
ISBN : 9810495188

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Developing Regional Bond Markets in East Asia by Yung Chul Park,Daekeun Park Pdf

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 69 pages
File Size : 47,6 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.

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 135 pages
File Size : 54,5 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.

Author : Olarn Chaipravat
Publisher : Institute of Southeast Asian Studies
Page : 44 pages
File Size : 55,9 Mb
Release : 2005
Category : Business & Economics
ISBN : 9812303146

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Developing the Asian Bond Market by Olarn Chaipravat Pdf

This paper was delivered by Dr Olarn Chaipravat at a seminar jointly organised by the Institute of Southeast Asian Studies and the Saw Centre for Financial Studies in Singapore on September 30th 2004.

Author : Asian Development Bank
Publisher : Unknown
Page : 146 pages
File Size : 44,6 Mb
Release : 2018-11
Category : Business & Economics
ISBN : 929261388X

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Asia Bond Monitor - November 2018 by Asian Development Bank Pdf

This publication reviews developments in East Asian local currency bond markets during the third quarter of 2018 and provides outlook, risks, and policy options. Data suggest that local currency bond yields rose in most economies in emerging East Asia between 31 August and 15 October on the back of continued interest rate hikes by the United States Federal Reserve. Highlights of this publication include a special focus on the impact of the Asian Bond Markets Initiative on the region's bond market development and a detailed presentation of results from the AsianBondsOnline annual bond market liquidity survey.

Author : Asian Development Bank
Publisher : Unknown
Page : 0 pages
File Size : 55,8 Mb
Release : 2019-03
Category : Electronic
ISBN : 9292615548

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Asia Bond Monitor - March 2019 by Asian Development Bank Pdf

The quarterly Asia Bond Monitor reviews developments in emerging East Asian local currency bond markets. The report discusses key trends in the region's bond market and 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.

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 270 pages
File Size : 40,8 Mb
Release : 2017-11-01
Category : Business & Economics
ISBN : 9789292610036

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Asia Bond Monitor November 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.