Harmonization of Bond Market: Rules and Regulations in Selected APEC Economies
Dalla, Ismail | November 2003
The main objective of the study is to recommend ways to accelerate development of regional bond markets to increase sources of longterm investment funds for the private and public sectors. During the 1997 Asian financial crisis, the mismatch in maturity and currency was a key factor in worsening the crisis. Although the Asian region has substantially recovered, the absence of long-term sources of financing in local currencies could make the region vulnerable to future financial shocks.
CitationDalla, Ismail. 2003. Harmonization of Bond Market: Rules and Regulations in Selected APEC Economies. © Asian Development Bank. http://hdl.handle.net/11540/5436.
Asian Development Bank
Regional Economic Integration
Financial Sector Policies
Financial Risk Management
Regional Development Bank
Local government bonds
Multilateral development banksShow allCollapse