Good Practices for Developing a Local Currency Bond Market

Lessons from the ASEAN+3 Asian Bond Markets Initiative

• Author(s): Asian Development Bank,
• Publisher: Asian Development Bank
• Pages: 216
• ISBN_10: 9292616110
  ISBN_13: 9789292616113
  
• Language: en
• Categories: Business & Economics / Investments & Securities / Bonds , Political Science / Public Policy / Economic Policy ,

Description:... Local currency bond markets in ASEAN+3 play an important role in diversifying financial intermediary channels and mitigating the impacts of financial crises. They also have the potential to help mobilize developing Asia's significant savings to meet the region's enormous infrastructure investment needs. Drawing extensively on knowledge generated by the ASEAN+3 Bond Market Forum, the publication looks at the essential building blocks and the enabling environment for these markets, as well as the roles of government, relevant authorities, and market participants.