Developing Asian Bondmarkets

Developing Asian Bondmarkets

Edited by: Takatoshi Ito, Yung Chul Park

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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.


ISBN (print):
ISBN (online):
Publication date:
Jan 2014
First published by Asia Pacific Press
ANU Press
Business & Economics; Social Sciences: Accounting & Finance
East Asia; Southeast Asia

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Developing Asian Bondmarkets »

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  1. Overview–challenges and strategies (PDF, 878KB)Takatoshi Ito and Yung Chul Park doi
  2. Creating regional bondmarkets in East Asia: rationale and strategy (PDF, 2.8MB)Daekeun Park and Yung Chul Park doi
  3. Promoting Asian Basket Currency bonds (PDF, 1.1MB)Takatoshi Ito doi
  4. Institutional foundations: credit insurers, asset-backed securitisation corporations and Asian bond funds (PDF, 1.1MB)Michael Chak Sham Wong and Richard Yan Ki Ho doi
  5. The structure and characteristics of East Asian bondmarkets (PDF, 890KB)S. Ghon Rhee doi
  6. The role of securitisation and credit guarantees (PDF, 795KB)Hung Q. Tran and Jorge Roldos doi
  7. The Asian Bond Bank: a good idea for credit enhancement (PDF, 716KB)S. Ghon Rhee and Gregory R. Stone doi

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