Monetary Policy, Capital Markets, Bonds & Debt Instruments
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Overview
"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.Synopsis
Economists from China, Korea, and the International Monetary Fund describe local bond markets as they have been reformed in East Asia after the recognition that the absence of vibrant bond markets was one of the major causes of the 1997-98 financial crisis there. The seven papers were presented at a November 201 conference in Hong Kong, and have been edited to complement. Distributed in the US by ISBS. Annotation ©2004 Book News, Inc., Portland, OR
Book Details
Published
July 1, 2004
Publisher
Asia Pacific Press
Pages
178
Format
Paperback
ISBN
9780731538041