A spare tire for capital markets fostering corporate bond markets in Asia

The eight local currency bond markets in which the Asian Bond Funds 2 (ABF2) invests have continued to develop since 2011. But the development of corporate bonds continues to lag that of government bonds. We focus on areas where we believe there remains work to be done to foster corporate bond marke...

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Körperschaft: Bank für Internationalen Zahlungsausgleich Währungs- und Wirtschaftsabteilung (Herausgebendes Organ)
Weitere Verfasser: Amstad, Marlene (MitwirkendeR), Kong, Steven (VerfasserIn), Packer, Frank (VerfasserIn), Remolona, Eli M. (VerfasserIn), Spencer, Grant H. (MitwirkendeR)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: Basel Bank for International Settlements June 2016
Schriftenreihe:BIS papers No 85
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Zusammenfassung:The eight local currency bond markets in which the Asian Bond Funds 2 (ABF2) invests have continued to develop since 2011. But the development of corporate bonds continues to lag that of government bonds. We focus on areas where we believe there remains work to be done to foster corporate bond markets. In primary markets, we suggest measures to expand the range of credit quality and develop infrastructure bonds as an asset class. In secondary markets, we recommend enhancing liquidity through developing regional mechanisms to increase post-trade transparency as well as through developing hedging markets. In repo markets, there may be room for conducting a survey to fill information gaps and identify where policy actions might have the greatest effect.
Beschreibung:Erscheint auch als Online-Ausgabe
Beschreibung:V, 30 Seiten
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ISBN:9789291976140
978-92-9197-614-0