Takatoshi Ito
Takatoshi Ito is a professor at the Graduate School of Economics at the University of Tokyo. He has taught at Hitotsubashi University, University of Minnesota and Harvard University. He also held the position of Senior Advisor in the Research Department, International Monetary Fund from 1994 to 1997 and Deputy Vice Minister for International Affairs at the Ministry of Finance, Japan from 1999 to 2001). He is an author of many books including The Japanese Economy (MIT Press, 1992), The Political Economy of the Japanese Monetary Policy and Financial Policy and Central Banking in Japan (both with T. Cargill and M. Hutchison).
Developing Asian Bondmarkets »
Edited by: Takatoshi Ito, Yung Chul Park
Publication date: January 2014
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.