Impediments to Cross-border Investments in Asian Bonds

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Author :
Publisher : Institute of Southeast Asian Studies
ISBN 13 : 9789812303615
Total Pages : 28 pages
Book Rating : 4.3/5 (36 download)

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Book Synopsis Impediments to Cross-border Investments in Asian Bonds by : Douglas Arner

Download or read book Impediments to Cross-border Investments in Asian Bonds written by Douglas Arner and published by Institute of Southeast Asian Studies. This book was released on 2005 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Asian Bond Markets Initiative

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Author :
Publisher : Asian Development Bank
ISBN 13 : 9292578448
Total Pages : 69 pages
Book Rating : 4.2/5 (925 download)

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Book Synopsis The Asian Bond Markets Initiative by : Asian Development Bank

Download or read book The Asian Bond Markets Initiative written by Asian Development Bank and published by Asian Development Bank. This book was released on 2017-06-01 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Developing Bond Markets in APEC

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Author :
Publisher : Institute of Southeast Asian Studies
ISBN 13 : 9789812303486
Total Pages : 96 pages
Book Rating : 4.3/5 (34 download)

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Book Synopsis Developing Bond Markets in APEC by : Caesar Parreñas

Download or read book Developing Bond Markets in APEC written by Caesar Parreñas and published by Institute of Southeast Asian Studies. This book was released on 2005 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: This conference report provides a unique overview of the development of local currency bond markets in the Asia-Pacific region and cross-border investment and issuance in these markets. It brings together insights of the region's leading capital market regulators, private sector market players, finance and central bank officials and experts from academe and international development organizations, who have gathered together to assess the extent to which the region's bond markets have developed, and map out a regional strategy based on public-private sector partnership that promises to address key policy reform and capacity-building issues.

Asia's Debt Capital Markets

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 0387250905
Total Pages : 328 pages
Book Rating : 4.3/5 (872 download)

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Book Synopsis Asia's Debt Capital Markets by : Douglas W. Arner

Download or read book Asia's Debt Capital Markets written by Douglas W. Arner and published by Springer Science & Business Media. This book was released on 2006-12-11 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Developing Asian Bondmarkets

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Author :
Publisher : ANU E Press
ISBN 13 : 1925021408
Total Pages : 193 pages
Book Rating : 4.9/5 (25 download)

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Book Synopsis Developing Asian Bondmarkets by : Takatoshi Ito

Download or read book Developing Asian Bondmarkets written by Takatoshi Ito and published by ANU E Press. This book was released on 2014-01-10 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: The absence of vibrant bondmarkets in East Asia was a significant contributor to the 1997–98 financial crisis. Ever since, the development of local bondmarkets has been a major objective of financial reforms in many East Asian economies. This effort has been frustrated by the inability to reach a consensus on whether Asian bondmarkets are truly needed in East Asia, whether they can be made viable in the competitive environment of the global economy, how they should be created and what role intergovernmental cooperation should play in their definition and creation. Developing Asian Bondmarkets helps build this consensus, proposing how to develop robust and efficient bondmarkets in East Asia. This book, the first of its kind, comes from the Finance Forum of the Pacific Economic Cooperation Council.

Advancing East Asian Regionalism

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Author :
Publisher : Routledge
ISBN 13 : 1134273819
Total Pages : 319 pages
Book Rating : 4.1/5 (342 download)

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Book Synopsis Advancing East Asian Regionalism by : Melissa Curley

Download or read book Advancing East Asian Regionalism written by Melissa Curley and published by Routledge. This book was released on 2012-10-12 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developments in East Asia have progressed rapidly in terms of regionalism since the 1997 crisis. The end of the Asian miracle called into question not only the capacity of regional states to meet the needs of their attendant peoples, but also challenged the viability of regional organizations, such as ASEAN, to adapt and respond to the changing circumstances. Advancing East Asian Regionalism looks at the ways in which ASEAN has expanded since the crisis, and evaluates the potential of East Asia to come together in a regional formation - one capable of representing the region as a whole - akin to the European Community. It draws upon the knowledge and perspectives of academics and policy makers actively engaged in the contradictory issues of regionalism. Coupling case study material on regionalism, institutions, and sectoral cooperation, with theoretical debates on regionalization, this book is an invaluable resource that pushes our understanding of East Asian regionalism forward.

Broadening the Investor Base for Local Currency Bonds in ASEAN+2 Countries

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Author :
Publisher : Asian Development Bank
ISBN 13 : 9292540661
Total Pages : 135 pages
Book Rating : 4.2/5 (925 download)

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Book Synopsis Broadening the Investor Base for Local Currency Bonds in ASEAN+2 Countries by : Asian Development Bank

Download or read book Broadening the Investor Base for Local Currency Bonds in ASEAN+2 Countries written by Asian Development Bank and published by Asian Development Bank. This book was released on 2013-05-01 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Asian Development Bank (ADB) has been working closely with the Association of Southeast Asian Nations (ASEAN) and the People's Republic of China (PRC), Japan, and the Republic of Korea---collectively known as ASEAN+3---to promote the development of local currency bond markets in the region through the Asian Bond Markets Initiative (ABMI). ABMI was launched in 2002 to help channel regional savings toward long-term investments within the region. ABMI was established with the goal of improving the resilience of the region's financial systems by helping reduce the double mismatches (maturity and currency) of companies' investment financing. Since the launch of ABMI, local currency bond markets in the region have grown rapidly in recent decades in terms of size and diversity of issuers. This study was undertaken under ABMI and funded by the Government of Japan. It focuses on measures to expand the investor base for local currency bonds in ASEAN, the PRC, and the Republic of Korea, with the goal of generating greater variety in investment objectives and a wider range of investment strategies.

Facilitating Foreign Exchange Risk Management for Bond Investments in ASEAN+3

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Author :
Publisher : Asian Development Bank
ISBN 13 : 9292570579
Total Pages : 78 pages
Book Rating : 4.2/5 (925 download)

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Book Synopsis Facilitating Foreign Exchange Risk Management for Bond Investments in ASEAN+3 by : Asian Development Bank

Download or read book Facilitating Foreign Exchange Risk Management for Bond Investments in ASEAN+3 written by Asian Development Bank and published by Asian Development Bank. This book was released on 2015-08-01 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Asian Development Bank (ADB) has been working closely with 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 foster the development of local currency bond markets and facilitate regional bond market integration under the Asian Bond Markets Initiative (ABMI). ABMI was launched in 2002 to strengthen the resilience of the region's financial system by developing local currency bond markets as an alternative source to foreign currency denominated short-term bank loans for long-term investment. Bond investors typically have a long position in local currency bond markets. To manage their foreign exchange (FX) risk, they may want to hedge that exposure for a period of time. They also want to be sure they can easily convert the local currency to dollars upon the sale of a bond. This study was undertaken under ABMI and funded by the Government of Japan. It reviews the FX and FX hedging markets in ASEAN+3 as they relate to cross-border investments in local currency bonds, and makes recommendations to facilitate the development of the markets and FX risk management.

East Asian Finance

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Author :
Publisher : World Bank Publications
ISBN 13 : 0821367447
Total Pages : 234 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis East Asian Finance by : Swati R. Ghosh

Download or read book East Asian Finance written by Swati R. Ghosh and published by World Bank Publications. This book was released on 2006-01-01 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Regional Outlook

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Author :
Publisher : Institute of Southeast Asian Studies
ISBN 13 : 981230245X
Total Pages : 154 pages
Book Rating : 4.8/5 (123 download)

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Book Synopsis Regional Outlook by : Russell Hiang-Khng Heng

Download or read book Regional Outlook written by Russell Hiang-Khng Heng and published by Institute of Southeast Asian Studies. This book was released on 2005 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Launched in 1992, Regional Outlook is an annual publication of the Institute of Southeast Asian Studies, published every January. Designed for the busy executive, professional, diplomat, journalist, or interested observer, Regional Outlook aims to provide a succinct analysis of current political and economic trends shaping the region, and the outlook for the forthcoming two years. This forward-looking book contains focused political commentaries and economic forecasts on all ten countries in Southeast Asia, as well as a select number of topical pieces of significance to the region.

Governance and Regionalism in Asia

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Author :
Publisher : Routledge
ISBN 13 : 1134105800
Total Pages : 391 pages
Book Rating : 4.1/5 (341 download)

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Book Synopsis Governance and Regionalism in Asia by : Nicholas Thomas

Download or read book Governance and Regionalism in Asia written by Nicholas Thomas and published by Routledge. This book was released on 2009-01-13 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the decade since the Asian financial crisis the ten states of Southeast Asia that form ASEAN, together with China, Japan and South Korea have formed the basis of a community intended to support the well-being of its member states, markets and peoples. This highly successful regionalisation was not anticipated by the region’s leaders, however, and as a result, policy makers are increasingly talking about ‘meeting fatigue’ and the need to find a better way to govern regional affairs. Among the reforms being considered is a shift towards a more rules-based culture as well as the more explicit incorporation of both private sector and civil society organisations into the policy processes. In short, ASEAN+3 is seeking to develop new norms and processes for its networks and institutions. This book explores the pressures currently influencing East Asian regionalist policy debates, analysing the trend towards deeper integration and the emergence of a governance model for managing regional processes. Combining state and subnational perspectives in conjunction with an examination of the role of the business community and civil society organisations, this book highlights the policy challenges confronting regionalism and governance in East Asia, including key issues such as the rule of law, financial cooperation and a case study on disaster management.

ASEAN-China Economic Relations

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Author :
Publisher : Institute of Southeast Asian Studies
ISBN 13 : 9812304223
Total Pages : 390 pages
Book Rating : 4.8/5 (123 download)

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Book Synopsis ASEAN-China Economic Relations by : Saw Swee-Hock

Download or read book ASEAN-China Economic Relations written by Saw Swee-Hock and published by Institute of Southeast Asian Studies. This book was released on 2007 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the rapidly expanding economic relations between ASEAN and China in recent years, covering trade, investments, economic challenges, competition and opportunities in the various sectors of the two economies.

Asia Bond Monitor April 2012

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Author :
Publisher : Asian Development Bank
ISBN 13 : 9290926694
Total Pages : 294 pages
Book Rating : 4.2/5 (99 download)

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Book Synopsis Asia Bond Monitor April 2012 by : Asian Development Bank

Download or read book Asia Bond Monitor April 2012 written by Asian Development Bank and published by Asian Development Bank. This book was released on 2012-04-01 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Towards Monetary and Financial Integration in East Asia

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1848447345
Total Pages : 423 pages
Book Rating : 4.8/5 (484 download)

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Book Synopsis Towards Monetary and Financial Integration in East Asia by : Koichi Hamada

Download or read book Towards Monetary and Financial Integration in East Asia written by Koichi Hamada and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt: Towards Monetary and Financial Integration in East Asia is an important book. East Asia, led by China, has been and will continue to be the largest, most rapidly growing region in the world. Major global imbalances persist, with East Asia in large surplus. Yet East Asian financial and monetary integration is only in the early stages of what will necessarily be a long-run process. These 14 essays by different authors address, in six Parts, fundamental long-run issues and prospects. These include the development of a regional financial architecture, liquidity provision and crisis management, surveillance mechanisms, exchange rate arrangements, currency baskets, an Asian Currency Unit, and ultimately even a single currency. The implications of the rise of China and the role of Japan underlie much of these analyses. However imperfect, the EU is the dominant relevant experience for East Asian financial and monetary integration. It is important to understand, as the authors do, that it took 47 years from the EU s nascent founding to the establishment of the euro, and that economic integration has preceded political integration. This book importantly addresses such basic issues in this time frame and with an appreciation of the political economy difficulties of financial integration. Hugh Patrick, Columbia University, US The book edited by Professors Hamada, Reszat, and Volz gives a comprehensive overview of the current status and challenges of economic integration in East Asia. Monetary and financial integration in East Asia has proceeded gradually but steadily since the Asian financial crisis of 1997 98. The book is an authoritative cutting-edge collection of papers in respective topics which brings the reader to the frontier of the literature. Takatoshi Ito, University of Tokyo, Japan This indispensable book provides a comprehensive analysis of monetary and financial integration in East Asia. It assesses the steps already taken toward financial integration and brings forward different proposals for future exchange rate arrangements in what has now become the world s most dynamic region. With contributions from distinguished experts this timely book evaluates the economic and politico-economic arguments and conditions for monetary and financial integration in East Asia. It explores how and to what extent the countries of the region can integrate despite their heterogeneity and their underlying political tensions. Drawing on the European experiences, this book analyzes the economic logic of monetary and financial integration in East Asia and its political feasibility. This invaluable broad analysis will be of interest to academic researchers, students, policy-makers and professional economists working on matters of international economic cooperation, common currency areas, international open economy macroeconomics, and East Asian integration.

The Future of China's Bond Market

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Author :
Publisher : International Monetary Fund
ISBN 13 : 151358278X
Total Pages : 52 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Future of China's Bond Market by : Mr. Alfred Schipke

Download or read book The Future of China's Bond Market written by Mr. Alfred Schipke and published by International Monetary Fund. This book was released on 2019-03-13 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s bond market is destined to play an increasingly important role, both at home and abroad. And the inclusion of the country’s bonds in global indexes will be a milestone for its financial market integration, bringing big opportunities as well as challenges for policymakers and investors alike. This calls for a good understanding of China’s bond market structure, its unique characteristics, and areas where reforms are needed. This volume comprehensively analyzes the different segments of China’s bond market, from sovereign, policy bank, and credit bonds, to the rapidly growing local government bond market. It also covers bond futures, green bonds, and asset-backed securities, as well as China’s offshore market, which has played a major role in onshore market development.

The Development of Local Debt Markets in Asia

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1455259373
Total Pages : 33 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis The Development of Local Debt Markets in Asia by : Mr.Mangal Goswami

Download or read book The Development of Local Debt Markets in Asia written by Mr.Mangal Goswami and published by International Monetary Fund. This book was released on 2011-06-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Economic Outlook for Southeast Asia, China and India 2016 Enhancing Regional Ties

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264243844
Total Pages : 400 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis Economic Outlook for Southeast Asia, China and India 2016 Enhancing Regional Ties by : OECD

Download or read book Economic Outlook for Southeast Asia, China and India 2016 Enhancing Regional Ties written by OECD and published by OECD Publishing. This book was released on 2016-01-22 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: The annual Economic Outlook for Southeast Asia, China and India examines Asia’s regional economic growth, development and regional integration process.