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Facilitating Foreign Exchange Risk Management for Bond Investments in ASEAN+3

dc.contributor.authorAsian Development Bank
dc.date.accessioned2015-08-27T00:06:57Z
dc.date.available2015-08-27T00:06:57Z
dc.date.issued2015-08-26
dc.identifier.urihttp://hdl.handle.net/11540/5118
dc.description.abstractThe Asian Development Bank (ADB) has been working closely with 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 foster the development of local currency bond markets and facilitate regional bond market integration under the Asian Bond Markets Initiative (ABMI). ABMI was launched in 2002 to strengthen the resilience of the region’s financial system by developing local currency bond markets as an alternative source to foreign currency denominated short-term bank loans for long-term investment. Bond investors typically have a long position in local currency bond markets. To manage their foreign exchange (FX) risk, they may want to hedge that exposure for a period of time. They also want to be sure they can easily convert the local currency to dollars upon the sale of a bond. This study was undertaken under ABMI and funded by the Government of Japan. It reviews the FX and FX hedging markets in ASEAN+3 as they relate to cross-border investments in local currency bonds, and makes recommendations to facilitate the development of the markets and FX risk management.en_US
dc.languageEnglishen_US
dc.publisherAsian Development Banken_US
dc.rightsCC BY 3.0 IGOen_US
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/en_US
dc.titleFacilitating Foreign Exchange Risk Management for Bond Investments in ASEAN+3en_US
dc.subject.expertDevelopmenten_US
dc.subject.expertFinanceen_US
dc.subject.expertDevelopment Challengesen_US
dc.subject.expertRegional cooperation and integrationen_US
dc.subject.expertDevelopment Issuesen_US
dc.subject.expertFinancial Analysisen_US
dc.subject.adbStrategic planningen_US
dc.subject.adbDevelopment plansen_US
dc.subject.adbBusiness Financingen_US
dc.subject.adbInternational Monetary Relationsen_US
dc.subject.adbInternational Financial Marketen_US
dc.subject.naturalMarketen_US
dc.subject.naturalLoansen_US
dc.subject.naturalInternational banks and bankingen_US
dc.subject.naturalGrantsen_US
dc.subject.naturalStock exchangesen_US
oar.themeFinanceen_US
oar.countryIndonesiaen_US
oar.countryKorea, Republic ofen_US
oar.countryMalaysiaen_US
oar.countryPhilippinesen_US
oar.countryThailanden_US
scholarcheck.prominentcontributor0
scholarcheck.peerreviewed0
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scholarcheck.serial.hasserial1
scholarcheck.topic.cleartopic1
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scholarcheck.form.references1
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scholarcheck.language.technicaltone1
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dc.identifier.printisbn978-92-9257-056-9en_US
dc.identifier.pdfisbn978-92-9257-057-6en_US
oar.authorAsian Development Bank
oar.googlescholar.linkpresenttrue


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