Arbeitspapier
Developing Asian local currency bond markets: Why and how?
This paper examines the motivation for, and the success of, regional efforts in Asia to promote local currency bond markets. The analysis demonstrates that Asian local currency bond markets made substantial gains as a region going into the current global financial crisis. However, we argue that the current financial crisis requires a reassessment of the merits of promoting local currency bond markets and the gains that have been made to date. While most of the initial motivations for encouraging the development of domestic local currency bond markets appear to remain valid, there are some exceptions. However, the degree to which success in the development of these markets will be sustained remains unknown until global financial markets regain tranquility and official interventions into these markets are removed.
- Sprache
-
Englisch
- Erschienen in
-
Series: ADBI Working Paper ; No. 182
- Klassifikation
-
Wirtschaft
Financial Aspects of Economic Integration
International Financial Markets
Financial Institutions and Services: General
Financial Institutions and Services: Government Policy and Regulation
- Thema
-
Internationale Anleihe
Wechselkursrisiko
Rentenmarkt
Finanzmarktkrise
Kapitalmarktliberalisierung
Asien
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Spiegel, Mark M.
- Ereignis
-
Veröffentlichung
- (wer)
-
Asian Development Bank Institute (ADBI)
- (wo)
-
Tokyo
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Spiegel, Mark M.
- Asian Development Bank Institute (ADBI)
Entstanden
- 2009
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