Fostering the Development of an Asian Bond Market

Download or read book Fostering the Development of an Asian Bond Market written by Takayuki Urade and published by . This book was released on 2006 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on lessons learned in the Asian financial crisis of 1997, one initiative that is gaining momentum is the development of regional bond markets as a mechanism to channel savings into investment within Asia. The governments and central banks in each country are linking their networks with the private sector to both put in place and standardize bond market infrastructures and to promote the creation of funds comprising bonds denominated in local currencies, efforts which are starting to bear fruit. This paper explains developments in this area and discusses the future direction of the initiative.