› › Local Currency Bonds And Infrastructure Finance In Asean 3

Infrastructure Financing In Asia

Author : Bambang Susantono

Publisher : World Scientific

Page : 407 pages

File Size : 44,51 MB

Release : 2019-11-19

Category : Business & Economics

ISBN : 9811215138

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Book Description

First, the book documents the evolution of Asia's infrastructure over the past half-century and reviews existing literature on the role of infrastructure investment in supporting growth and social development. It highlights the positive impact of mass transit investments on land and property values, and the possibility of taxing the increase in values to finance these investments. It then examines Asia's current practices and new solutions that can help meet the infrastructure gap. It discusses the role of institutions, how innovation can foster energy infrastructure investments, and the role of bond markets in infrastructure investments. The book explores ASEAN+3 efforts in developing local currency bond markets to provide long-term local financing for infrastructure investment while providing financial resilience. It also examines the use of green bonds to finance sustainable growth in Asia.



Local Currency Bonds and Infrastructure Finance in ASEAN+3

Author : Asian Development Bank

Publisher : Asian Development Bank

Page : 263 pages

File Size : 35,93 MB

Release : 2015-07-01

Category : Business & Economics

ISBN : 9292570153

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Book Description

The Asian Development Bank (ADB) is working closely with the Association of Southeast Asian Nations (ASEAN) and the People's Republic of China (PRC), Japan, and the Republic of Korea---collectively known as ASEAN+3---to develop local currency bond markets and facilitate regional bond market integration under the Asian Bond Markets Initiative (ABMI). ABMI was launched in 2002 to strengthen the resilience of the region's financial system by developing local currency bond markets as an alternative source to foreign currency-denominated, short-term bank loans for long-term investment financing. The need for infrastructure investment among ASEAN+3 members is well documented, with estimates for needed investment through 2020 reaching as high as $550 billion. Local currency financing of infrastructure projects has the important advantage of avoiding the currency risk that can arise when a project generating revenues in the domestic currency has foreign currency-denominated debt service requirements. This study was undertaken under ABMI and funded by the Government of the PRC. It addresses two key questions: (i) Why is local currency bond financing not more widely used for infrastructure projects in ASEAN+3? and (ii) What can be done to promote infrastructure bond financing?



ASEAN+3 Information on Transaction Flows and Settlement Infrastructures

Author : Shinji Kawai

Publisher : Asian Development Bank

Page : 730 pages

File Size : 13,91 MB

Release : 2013-12-01

Category : Business & Economics

ISBN : 9292544497

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Book Description

This report, consisting of three parts, is the result of Phase 2 studies of the ASEAN+3 Bond Market Forum Sub-Forum 2 and enhances the findings of Phase 1. Part 1 provides an overview of ASEAN+3 bond markets and their infrastructure. Part 2 reports on the bond market-related issues of economies in the region. Part 3 contains diagrams of ASEAN+3 bond market infrastructures, domestic bond transaction flows, and cross-border bond transaction flows.



Guidance Note For Developing Government Local Currency Bond Markets

Author : International Monetary Fund

Publisher : International Monetary Fund

Page : 157 pages

File Size : 14,40 MB

Release : 2021-03-12

Category : Business & Economics

ISBN : 1513573926

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Book Description

This guidance note was prepared by International Monetary Fund (IMF) and World Bank Group staff under a project undertaken with the support of grants from the Financial Sector Reform and Strengthening Initiative, (FIRST).The aim of the project was to deliver a report that provides emerging market and developing economies with guidance and a roadmap in developing their local currency bond markets (LCBMs). This note will also inform technical assistance missions in advising authorities on the formulation of policies to deepen LCBMs.



ASEAN+3 Bond Market Guide 2016 Singapore

Author : Asian Development Bank

Publisher : Asian Development Bank

Page : 121 pages

File Size : 41,76 MB

Release : 2016-10-01

Category : Business & Economics

ISBN : 9292575988

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Book Description

The Singapore bond market has become one of the most developed open capital markets in Asia with over US$221 billion in total local currency bonds outstanding with an additional US$53 billion of bonds outstanding. The Singapore Bond Market Guide is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Singapore, while the ASEAN+3 Bond Market Guide as a whole is a comprehensive explanation of the region’s bond markets. This report should be recognized as a collective good to support bond market development among ASEAN+3 members.



The Asian Bond Markets Initiative

Author : Asian Development Bank

Publisher : Asian Development Bank

Page : 69 pages

File Size : 26,34 MB

Release : 2017-06-01

Category : Business & Economics

ISBN : 9292578448

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Book Description

The Asian Bond Markets Initiative (ABMI) was launched in December 2002 by the Association of Southeast Asian Nations (ASEAN) and the People’s Republic of China, Japan, and the Republic of Korea---collectively known as ASEAN+3 to strengthen financial stability and reduce the region’s vulnerability to the sudden reversal of capital flows. This paper also provides recommendations for addressing new sources of market volatility and other challenges within and outside the framework of the Asian Bond Markets Initiative.





ASEAN+3 Bond Market Guide 2017 Indonesia

Author : Asian Development Bank

Publisher : Asian Development Bank

Page : 185 pages

File Size : 11,15 MB

Release : 2017-08-01

Category : Business & Economics

ISBN : 9292578782

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Book Description

ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The Bond Market Guide 2017 for Indonesia is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Indonesia.



ASEAN+3 Bond Market Guide

Author : Asian Development Bank

Publisher : Asian Development Bank

Page : 1485 pages

File Size : 40,96 MB

Release : 2012-01-01

Category : Business & Economics

ISBN : 9290926333

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Book Description

This report contains the comprehensive reports of the ASEAN+3 Bond Market Forum Sub-Forum 1 (SF1) and Sub-Forum 2 (SF2). The SF1 report (Volume 1) analyzes the harmonization and standardization of the existing bond markets in the ASEAN+3. It also contains the individual market guides of 11 economies under the ASEAN+3 Bond Market Forum (ABMF). The SF2 report (Volume 2) provides an overview of the ASEAN+3 bond markets and their infrastructures, as well as issues confronted by each bond market in the region. It also presents bond-market infrastructure diagrams, domestic bond transaction flows, and cross-border bond transaction flows, which can help the reader to visually navigate the existing bond market infrastructures in the region. The report is the product of the collaborative efforts of the National Members and Experts and International Experts of the ABMF in cooperation with the Asian Development Bank's Office of Regional Economic Integration.



The Inter-Bank Bond Market in the People’s Republic of China

Author : Asian Development Bank

Publisher : Asian Development Bank

Page : 347 pages

File Size : 26,12 MB

Release : 2020-08-01

Category : Business & Economics

ISBN : 9292623427

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Book Description

The ASEAN+3 Bond Market Guide series provides country-specific information on the investment climate, rules, laws, opportunities, and characteristics of local bond markets in Asia and the Pacific. It aims to help bond market issuers, investors, and financial intermediaries understand the local context and encourage greater participation in the region’s rapidly developing bond markets. This edition focuses on the Inter-Bank Bond Market in the People’s Republic of China, which is one of the country’s most important bond markets and one of only two that are accessible to foreign investment.