Author : OECD
Publisher : OECD Publishing
Page : 85 pages
File Size : 15,24 MB
Release : 2024-03-12
Category :
ISBN : 9264647295
This report presents a comprehensive analysis of the use and structure of corporate bond markets in Asia.
Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 69 pages
File Size : 49,87 MB
Release : 2017-06-01
Category : Business & Economics
ISBN : 9292578448
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.
Author : OECD
Publisher : OECD Publishing
Page : 133 pages
File Size : 24,6 MB
Release : 2024-05-02
Category :
ISBN : 9264530509
The ASEAN region’s economic expansion has created significant financing needs among corporations and investment opportunities for households. This report aims to support ASEAN policy makers harness opportunities and address barriers in mobilising capital markets for sustainable growth and development in the region. It focuses on the functioning of capital markets and the corporate sector’s use of market-based financing. It also examines current corporate governance regulatory frameworks, emerging artificial intelligence trends in finance, and sustainable finance developments with a focus on corporate sustainable bonds.
Author : Mr. Alfred Schipke
Publisher : International Monetary Fund
Page : 52 pages
File Size : 49,20 MB
Release : 2019-03-13
Category : Business & Economics
ISBN : 151358278X
China’s bond market is destined to play an increasingly important role, both at home and abroad. And the inclusion of the country’s bonds in global indexes will be a milestone for its financial market integration, bringing big opportunities as well as challenges for policymakers and investors alike. This calls for a good understanding of China’s bond market structure, its unique characteristics, and areas where reforms are needed. This volume comprehensively analyzes the different segments of China’s bond market, from sovereign, policy bank, and credit bonds, to the rapidly growing local government bond market. It also covers bond futures, green bonds, and asset-backed securities, as well as China’s offshore market, which has played a major role in onshore market development.
Author : Mr.Yibin Mu
Publisher : International Monetary Fund
Page : 53 pages
File Size : 10,28 MB
Release : 2013-01-14
Category : Business & Economics
ISBN : 1475535848
African bond markets have been steadily growing in recent years, but nonetheless remain undeveloped. African countries would benefit from greater access to financing and deeper financial markets. This paper compiles a unique set of data on corporate bond markets in Africa. It then applies an econometric model to analyze the key determinants of African government securities market and corporate bond market capitalization. Government securities market capitalization is directly related to better institutions and interest rate volatility, and inversely related to the fiscal balance, higher interest rate spreads, exchange rate volatility, and current and capital account openness. Corporate bond market capitalization is directly linked to economic size, the level of development of the economy and financial markets, better institutions, and interest rate volatility, and inversely related to higher interest rate spreads and current account openness. Policy implications follow.
Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 185 pages
File Size : 11,53 MB
Release : 2017-08-01
Category : Business & Economics
ISBN : 9292578782
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.
Author : Wojciech Maliszewski
Publisher : International Monetary Fund
Page : 43 pages
File Size : 23,19 MB
Release : 2016-10-14
Category : Business & Economics
ISBN : 1475545282
Corporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase in investment after the Global Financial Crisis. Investment efficiency has fallen and the financial performance of corporates has deteriorated steadily, affecting asset quality in financial institutions. The corporate debt problem should be addressed urgently with a comprehensive strategy. Key elements should include identifying companies in financial difficulties, proactively recognizing losses in the financial system, burden sharing, corporate restructuring and governance reform, hardening budget constraints, and facilitating market entry. A proactive strategy would trade off short-term economic pain for larger longer-term gain.
Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 193 pages
File Size : 33,21 MB
Release : 2016-09-01
Category : Business & Economics
ISBN : 9292575023
ASEAN+3 Bond Market Guide is a comprehensive explanation of the region’s bond markets. It provides various information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction including settlement systems, and other relevant information. Bond Market Guide 2016 for Japan is an outcome of the strong support and kind contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Japan. The report should be recognized as a collective good to support bond market development among ASEAN+3 members.
Author : Augusto de la Torre
Publisher : World Bank Publications
Page : 232 pages
File Size : 18,61 MB
Release : 2006-10-20
Category : Business & Economics
ISBN : 0821365444
Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, particularly in Latin America. Unfortunately, they are now faced with disheartening results. Stock and bond markets remain illiquid and segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk. Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic environment and to reform the institutions believed to foster capital market development. The disappointing performance has made conventional policy recommendations questionable, at best. 'Emerging Capital Markets and Globalization' analyzes where we stand and where we are heading on capital market development. First, it takes stock of the state and evolution of Latin American capital markets and related reforms over time and relative to other countries. Second, it analyzes the factors related to the development of capital markets, with particular interest on measuring the impact of reforms. And third, in light of this analysis, it discusses the prospects for capital market development in Latin America and emerging economies and the implications for the reform agenda.
Author : World Bank
Publisher : International Monetary Fund
Page : 40 pages
File Size : 40,13 MB
Release : 2013-07-09
Category : Business & Economics
ISBN : 1498341527
In November 2011, the G-20 endorsed an action plan to support the development of local currency bond markets (LCBM). International institutions—the IMF, the World Bank, the EBRD, and the OECD—were asked to draw on their experience to develop a diagnostic framework (DF) to identify general preconditions, key components, and constraints for successful LCBM development. The objective is to provide a tool for analyzing the state of development and efficiency of local currency bond markets. The application of the DF is expected to be flexible, bearing in mind that the potential for LCBM development depends on economic size, financing needs, and stage of economic development.
