Publication Type
Conference Proceeding Article
Version
publishedVersion
Publication Date
11-2006
Abstract
In discussing bond markets in Asia, academics and policymakers typically begin by noting that the Asian crisis of 1997-98 in part resulted from the underdevelopment of the region’s domestic bond markets and the resultant currency and duration mismatches. When assessing the progress made in developing these markets in the post-crisis years, academics and policymakers usually observe that, while several domestic currency government bond markets have moved ahead, corporate bond markets have lagged (Asian Development Bank (2002), Reserve Bank of Australia (2003)). The policy conclusion is therefore often drawn: to prevent another Asian crisis, Asian bond markets must be further developed.
Keywords
Currency, bonds, Asian bond markets, East Asia
Discipline
Asian Studies | Finance | Finance and Financial Management
Research Areas
Finance
Publication
Asian bond markets: Issues and prospects Conference, Seoul, Korea, 21-23 March 2004
Volume
30
First Page
129
Last Page
142
Publisher
Bank for International Settlements
Citation
FERNANDEZ, David and KLASSEN, Simon.
Choice of currency by East Asia bond issuers. (2006). Asian bond markets: Issues and prospects Conference, Seoul, Korea, 21-23 March 2004. 30, 129-142.
Available at: https://ink.library.smu.edu.sg/lkcsb_research/6896
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://www.bis.org/publ/bppdf/bispap30l.pdf