Asia Bond Monitor - November 2004

Publication | November 2004

The Asia Bond Monitor (ABM) reviews recent developments in East Asian local currency bond markets along with the outlook, risks, and policy options. The ABM covers the 10 Association of Southeast Asian Nations member countries plus the People's Republic of China; Hong Kong, China; and the Republic of Korea.

Contents 

  • Introduction
  • East Asian Local Currency Bond Markets: 1997-2003
    • Size and Composition
    • Market Liquidity
    • Investor Profile
    • Returns and Volatility
    • Cross-Border Investment
    • Addressing the Mismatch Problem
  • Recent Policy Reforms and Challenges Ahead
    • Recent Policy Reforms
    • Challenges Ahead: Increasing Market Liquidity