Asia Capital Markets Monitor (April2009)

Abstract

Asia’s capital markets are starting to stabilize and the region’s relatively resilient economies should help them recover as the global crisis ebbs and investor appetite returns, says the inaugural issue of ADB’s Asia Capital Markets Monitor (ACMM). This new report reviews recent market developments in emerging Asia’s stocks, bonds, and currencies along with the outlook, risks, and policy implications. It has a special section “Bringing Life to Asian Money Markets.” The ACMM was prepared by a team of economists from the Office of Regional Economic Integration (OREI) of the Asian Development Bank under the general guidance of Srinivasa Madhur. The team was led by Cyn-Young Park and the other primary contributors were Lotte Schou-Zibell and Sabyasachi Mitra. Robert Rigg and Cliff Tan also contributed to the report as OREI consultants. John Stuermer offered valuable inputs and research assistance together with members of AsiaBondsOnline, Asia Regional Integration Center and OREI’s macro team.