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dc.contributor.authorSpiegel, Mark M.en_US
dc.date.accessioned2011-01-06en_US
dc.date.accessioned2011-12-15T12:27:35Z-
dc.date.available2011-12-15T12:27:35Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/53720-
dc.description.abstractThis paper examines the motivation for, and the success of, regional efforts in Asia to promote local currency bond markets. The analysis demonstrates that Asian local currency bond markets made substantial gains as a region going into the current global financial crisis. However, we argue that the current financial crisis requires a reassessment of the merits of promoting local currency bond markets and the gains that have been made to date. While most of the initial motivations for encouraging the development of domestic local currency bond markets appear to remain valid, there are some exceptions. However, the degree to which success in the development of these markets will be sustained remains unknown until global financial markets regain tranquility and official interventions into these markets are removed.en_US
dc.language.isoengen_US
dc.publisherAsian Development Bank Institute Tokyoen_US
dc.relation.ispartofseriesADBI working paper series 182en_US
dc.subject.jelF36en_US
dc.subject.jelG15en_US
dc.subject.jelG20en_US
dc.subject.jelG28en_US
dc.subject.ddc330en_US
dc.subject.stwInternationale Anleiheen_US
dc.subject.stwWechselkursrisikoen_US
dc.subject.stwRentenmarkten_US
dc.subject.stwFinanzmarktkriseen_US
dc.subject.stwKapitalmarktliberalisierungen_US
dc.subject.stwAsienen_US
dc.titleDeveloping Asian local currency bond markets: Why and how?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn618019499en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:ADBI Working Paper Series, Asian Development Bank Institute

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