Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9292697145
Total Pages : 114 pages
Book Rating : 4.2/5 (926 download)
Book Synopsis Local Currency Collateral for Cross-Border Financial Transactions by : Asian Development Bank
Download or read book Local Currency Collateral for Cross-Border Financial Transactions written by Asian Development Bank and published by Asian Development Bank. This book was released on 2022-09-01 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.