Tian, Shu
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Do Local Currency Bond Markets Enhance Financial Stability?This publication analyzes the financial vulnerability of developing countries during the global financial crisis.
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Determinants of Public–Private Partnerships in Infrastructure in Asia: Implications for Capital Market DevelopmentA well-functioning corporate bond market in developing countries can offer long-term financing to public–private partnership investments in infrastructure development.
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Foreign and Domestic Investment in Global Bond MarketsForeign investors seem more sensitive to risk–return profile than domestic investors, especially in emerging markets, and are also attracted by greater market openness and sound sovereign credit ratings.
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Asia’s Middle-Income Challenge: An OverviewThis paper explores key developmental challenges facing middle-income Asian economies, and puts forth concrete policy options for tackling those challenges.