Asia Bond Monitor - September 2012

Publication | September 2012

The economies of emerging East Asia (EEA) face a weakened external environment and an increasingly uncertain regional outlook. Uncertainty over policy actions and institutional reforms to resolve the sovereign debt crisis in Europe and mixed data signals from the United States (US) has kept investors on the edge.

This publication reviews recent developments in East Asian local currency bond markets along with the outlook, risks, and policy options. It covers the 10 members of the Association of Southeast Asian Nations plus the People's Republic of China; Hong Kong, China; and the Republic of Korea.

Contents 

  • Highlights
  • Introduction: Global and Regional Market Developments
  • Bond Market Developments in the Second Quarter of 2012
  • Policy and Regulatory Developments
  • Threat of Financial Contagion is Real: Analyzing the Shock and Volatility Spillovers from the Global Financial Crisis
  • Market Summaries