Asian bond markets: issues and prospects
Joint Korea University and the Bank for International Settlements conference on "Asian bond markets: issues and prospects", Seoul, Korea, 21-23 March 2004.
Papers presented at a BIS/Korea University conference of central bankers, scholars and market participants were published as BIS Papers No 30 in November 2006.
Introduction | Page |
The development of Asian bond markets (PDF, 12 pages, 58 kb) Barry Eichengreen |
1 |
Opening addresses | |
For the advent of a promising and sound Asian bond market (PDF, 3 pages, 17 kb) Tae-Shin Kwon |
13 |
Asian financial cooperation as seen from Europe (PDF, 3 pages, 15 kb) Gunter Baer |
16 |
Overview | |
Developing the bond market(s) of East Asia: global, regional or national? (PDF, 21 pages, 127 kb) Robert N McCauley and Yung-Chul Park |
19 |
Why doesn't Asia have bigger bond markets? (PDF, 38 pages, 469 kb) Barry Eichengreen and Pipat Luengnaruemitchai |
40 |
Comments (PDF, 2 pages, 15 kb) Ric Deverell |
78 |
Comments (PDF, 2 pages, 14 kb) Junggon Oh |
80 |
Consolidating the public debt markets of Asia (PDF, 17 pages, 115 kb) Robert N McCauley |
82 |
Comments (PDF, 2 pages, 14 kb) Junggon Oh |
99 |
Lunch address | |
Lunch address (PDF, 1 page, 10 kb) Huhn-Gunn Ro |
101 |
History, structure and prospects of East Asian bond markets | |
Determinants of bond holdings by foreign investors (PDF, 27 pages, 118 kb) Kee-Hong Bae, Young Sup Yun and Warren Bailey |
102 |
Choice of currency by East Asia bond issuers (PDF, 14 pages, 109 kb) David G Fernandez and Simon Klassen |
129 |
Asian bond issues in Tokyo: history, structure and prospects (PDF, 25 pages, 281 kb) Fumiaki Nishi and Alexander Vergus |
143 |
Comments (PDF, 3 pages, 18 kb) Toshiharu Kitamura |
168 |
Dinner address | |
Recent development of the Korean bond market (PDF, 3 pages, 20 kb) Seongtae Lee |
171 |
Credit risk management | |
Minding the gap in Asia: foreign and local currency ratings (PDF, 26 pages, 126 kb) Kate Kisselev and Frank Packer |
174 |
Comments (PDF, 2 pages, 13 kb) Tom Byrne |
200 |
Building infrastructure for Asian bond markets: settlement and credit rating (PDF, 20 pages, 99 kb) Daekeun Park and Changyong Rhee |
202 |
Comments (PDF, 2 pages, 14 kb) Tom Byrne |
222 |
Creation of a regional credit guarantee mechanism in Asia (PDF, 17 pages, 78 kb) Gyutaeg Oh and Jae-Ha Park |
224 |
Comments (PDF, 2 pages, 23 kb) Guorong Jiang |
241 |
Lunch address | |
Promoting the Asian bond market (PDF, 3 pages, 15 kb) Kap-Soo Oh |
243 |
Impediments, hedging supervision and clearing | |
Identifying impediments to cross-border bond investment and issuance in Asian countries (PDF, 15 pages, 67 kb) Atsushi Takeuchi |
246 |
A survey on hedging markets in Asia: a description of Asian derviatives markets from a practical perspective (PDF, 21 pages, 179 kb) Martin Hohensee and Kyungjik Lee |
261 |
Comments (PDF, 2 pages, 14 kb) Aaron Low |
282 |
Clearing, settlement and depository issues (PDF, 49 pages, 175 kb) Francis Braeckevelt |
284 |
Comments (PDF, 2 pages, 15 kb) Aaron Low |
333 |
Bond market regulation and supervision in Asia (PDF, 18 pages, 79 kb) Bernhard Eschweiler |
335 |
Concluding panel discussion | |
Questions to be analysed (PDF, 6 pages, 36 kb) Contributions by Yung-Chul Park, Tom Byrne, Aaron Low and Robert N McCauley |
353 |