2004-Asianbond-Ito-ParkDeveloping Asian Bond Markets: Challenges and Strategies

Authored by Takatoshi Ito & Yung Chul Park

Published in 2004 by the Asia Pacific Press at The Australian National University

The absence of vibrant bondmarkets in East Asia was a significant contributor to the 1997-98 financial crisis. 

Ever since, the development of local bodmarkets has been a major objective of financial reforms in many East Asian economies. Thsi 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 shuld play in their definition and creation.

Developing Asian Bond Markets helps build this consensus, proposing how to develop robust and efficient bondmarkets in East Asia. 

  1. Overview - challenges and strategies

  2. Creating regional bondmarkets in East Asia: rationale and strategy

  3. Promoting Asian Basket Currency bonds

  4. Institutional foundations: credit insurers, asset-backed securitisation corporations and Asian bond funds

  5. The strcuture and characteristics of East Asian bondmarkets

  6. The role of securitisation and credit guarantees

  7. The Asian Bond Bank: a good idea for credit enhancement

You can also log in with your social media account by clicking the icons below


Pacific Currents

International cooperation during COVID-19
Sungbae An
Senior Research Fellow, Department of International Macroeconomics and Finance, Korea Institute for International Economic Policy (KIEP)

G20 comes to the fore again
Jorge Heine
Research Professor, Pardee School of Global Studies, Boston University; Non-resident senior research fellow at the Center for China and Globalization in Beijing

Tackling COVID-19 Together: A Bottom-Up Approach to Trade Policy
Simon J. Evenett
Economics Professor at the University of St. Gallen, Switzerland and Global Trade Alert

Drastic measures to stop spread of COVID-19 are necessary
Charles E. Morrison
Adjunct Fellow and Former President of the East-West Center; Former Co-Chair, PECC

International Trade at a Time of Covid-19
Roy Santana
Expert on tariffs and customs issues at the WTO; occasional lecturer

ASEAN-China cooperation in time of COVID-19 pandemic
Jusuf Wanandi
Vice Chair, Board of Trustees, CSIS Foundation; Former Co-Chair of PECC

Preferential Trade Agreements Vs. Multilateralism: In The New Trump-World, Does Canada Face An Impossible Choice?
Judit Fabian
Visiting Researcher, Graduate School of Public and International Affairs, University of Ottawa