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Asia's Debt Capital Markets

2006-12-11 Business & Economics
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Release : 2006-12-11
Genre : Business & Economics
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Book Rating : 905/5 ( reviews)

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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. This book was released on 2006-12-11. 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.

Asia's Debt Capital Markets

2011
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Release : 2011
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Book Synopsis Asia's Debt Capital Markets by : Paul Lejot

Download or read book Asia's Debt Capital Markets written by Paul Lejot. This book was released on 2011. Available in PDF, EPUB and Kindle. Book excerpt: Markets for debt securities exist in a comprehensive way in no Asian economy other than Japan, even though short or medium-term bonds have been issued in almost all and Asian borrowers are established (though not prolific) international issuers. The markets provide no more than a simple borrowing medium for governments, banks and some companies, while investor activity is closely correlated with banking sector credit creation. Above all, the region's unfinished markets provide no guard against crisis or contagion, nor act as a balance to banking systems that are susceptible to distortion and event risk. Insufficient effort has been made to encourage activity by institutional investors.This paper is concerned with markets for tradable debt securities; and with the value and appropriateness of structured finance techniques to expand general usage of Asia's debt markets. The paper examines the condition of the domestic and offshore debt capital markets for Asia-Pacific risk. It traces common patterns of development among the established and nascent public debt securities markets in the region, and looks at the dynamics that will affect these markets in the medium term. Last, it seeks to identify whether Asian markets can be made to accommodate continuous issuing and trading activity typical of advanced economies, and to consider the associated advantages and considerations.

The Sustainability of Asia’s Debt

2022-02-22 Business & Economics
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Release : 2022-02-22
Genre : Business & Economics
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Book Rating : 722/5 ( reviews)

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Book Synopsis The Sustainability of Asia’s Debt by : Ferrarini, Benno

Download or read book The Sustainability of Asia’s Debt written by Ferrarini, Benno. This book was released on 2022-02-22. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access title available under the terms of a [CC BY 3.0 IGO] License. It is free to read, download and share on Elgaronline.com. Asia has shown the world what success in economic development looks like. From the amazing transformations of Japan, the Republic of Korea, and the other ‘tigers’ in the early 70s, to the more recent takeoffs of the People’s Republic of China (PRC), India, and the leading economies in Southeast Asia, the region has prospered at a startling pace. Technologies were adopted, productivity raised, and export markets conquered. Billions were lifted out of poverty. What was once a backwater is now a global engine of growth.

Making Markets

2011
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Release : 2011
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Book Synopsis Making Markets by : Paul Lejot

Download or read book Making Markets written by Paul Lejot. This book was released on 2011. Available in PDF, EPUB and Kindle. Book excerpt: Liquid markets for debt securities exist comprehensively in no East Asian economy other than Japan, even though short or medium-term bonds are issued in most and Asian borrowers are established (though generally not prolific) international issuers. Today's markets provide a borrowing medium (not always effectively) for Asian governments, financial institutions and some companies, but investor activity is closely correlated with bank credit creation. Above all, the region's markets provide no real guard against crisis or contagion, nor act as a balance to banking systems susceptible to distortion and event risk. Asia's economies may not suffer general capital shortages but poor resource allocation is pervasive and would be greatly improved by efficient national and regional financial markets. Seven years after its most profound financial crisis, Asia risks new contagion from any similar, unforeseen loss of confidence. Active debt capital markets would help limit such risks. The world's foremost bond markets developed as a result of intense national needs, and while economic growth will inevitably lead to greater bond issuance and trading this will be insufficient for the region's wider requirements without official sponsorship of active cooperative market reform. This paper contains three linked policy proposals: a matrix of steps to remove legal, fiscal, regulatory or systemic obstacles or omissions that hinder market usage; measures to encourage the development of a unified regional offshore market for local and major currency risk; and the concept of a regional body to promote the creation of asset-backed securities on a scale not previously contemplated and greatly expand activity in Asia's debt markets.

The Development of Local Debt Markets in Asia

2011-06-01 Business & Economics
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Release : 2011-06-01
Genre : Business & Economics
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Book Rating : 373/5 ( reviews)

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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. This book was released on 2011-06-01. 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.

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