Bond Market Development in Asia [electronic resource] /
Organisation for Economic Co-operation and Development.
Organisation for Economic Co-operation and DevelopmentContent Provider
Organisation for Economic Co operation and DevelopmentContent Provider
Paris : OECD Publishing,
2001.
The development of liquid, sound and deep bond markets has become one of the most important policy issues in the financial sector in Asian countries. In fact, though this issue has been discussed for a while now, the Asian financial crisis re-emphasised its importance, and it is worth discussing this issue in the framework of the post-crisis landscape. The second "Round Table on Capital Market Reforms in Asia" held in Tokyo in April 2000, which was organised by the OECD and the Asian Development Bank Institute (ADBI), focused on bond market development in Asia. Bond market development involves a number of inter-related issues and it is not an easy task, especially for emerging economies. Though there have been a number of positive developments in Asia in this field, it is also true that it takes time for a bond market to become well-developed in Asia. This publication is based on a summary of the proceedings of the second Round Table, together with papers on the experience of both Asian and OECD countries presented at the meeting and on the discussions by the participants. This volume will surely serve as an indispensable source of information on capital market reform, and in particular on bond market development in Asia; it will constitute a reference book on those topics for policy-makers and experts in both the public and private sectors.
""CONTENTS""; ""Press Release""; ""Executive Summary""; ""Summary""; ""Introduction""; ""Welcome Remarks""; ""Future International Financial Architecture and Regional Capital Market Development""; ""Progress in Macroeconomic Stability and Capital Market Reforms in Asia""; ""The Activities of the Implementation Committee on IOSCO Objectives and Principles""; ""Development of Bond Markets in Asia""; ""Session 1 Introduction""; ""A Brief Overview: Creation of Asian Bond Market""
""Developing a Viable Corporate Bond Market Under a Bank-Dominated System - Analytical Issues and Policy Implications""""Session 2 Experience in Asia and Policy Issues to be Addressed""; ""Debt Market Development in Singapore""; ""Singaporean Experience in Bond Market Development""; ""Debt Market in China""; ""Development of Bond Markets in Asia: The Hong Kong, China Perspective""; ""Policy Agenda for Bond Markets in Asia""; ""Development of International Bond Markets in the Region - New Miyazawa Initiative""
""Session 3 Lessons from the Experience in OECD Countries and other Emerging Economies""""Key Policy Issues in Developing Fixed Income Securities Markets in Emerging Market Economies""; ""Developments in European Bond Markets""; ""The Reforms of the Japanese Government Securities Market""; ""Further Reforms after the ""Big Bang"": The Japanese Government Bond Market""; ""Corporate Bond Markets Development""; ""Session 4 The Roles of Securities Laws and Securities Market Regulators for the Sound Development of Bond Markets""
""The Role Of Regulators in the Development of Government Securities Markets: An Overview""""Bond Market Regulation in a Period of Changing Market Structure: The UK Experience""; ""Transparency in the U.S. Debt Market""; ""The Roles of Securities Laws and Securities Market Regulators for the Sound Development of Bond Markets: Australia""; ""Session 5 The Views of Rating Agencies and Research Institutes""; ""Bank Reform: An Essential Element of Capital Market Development""; ""A Domestic Credit Rating Agency in an Emerging Asian Country: The TRIS Experience""
""Current Conditions and Developments in Asian Domestic Bond Markets and Further Steps""""Annex I Country Notes""; ""Capital Market Development in India""; ""Capital Market Development in Indonesia""; ""Capital Market Development in Malaysia""; ""Capital Market Development in Thailand""; ""The Latest Developments in the Securities Markets in Chinese Taipei""; ""Annex II Agenda""; ""Annex III Suggested Points for Discussion""; ""Annex IV List of Participants""
"Includes summary of the proceedings of the second Round Table on Capital Market Reforms in Asia held in Tokyo, Japan in April 2000."
The development of liquid, sound and deep bond markets has become one of the most important policy issues in the financial sector in Asian countries. In fact, though this issue has been discussed for a while now, the Asian financial crisis re-emphasised its importance, and it is worth discussing this issue in the framework of the post-crisis landscape. The second "Round Table on Capital Market Reforms in Asia" held in Tokyo in April 2000, which was organised by the OECD and the Asian Development Bank Institute (ADBI), focused on bond market development in Asia. Bond market development involves a number of inter-related issues and it is not an easy task, especially for emerging economies. Though there have been a number of positive developments in Asia in this field, it is also true that it takes time for a bond market to become well-developed in Asia. This publication is based on a summary of the proceedings of the second Round Table, together with papers on the experience of both Asian and OECD countries presented at the meeting and on the discussions by the participants. This volume will surely serve as an indispensable source of information on capital market reform, and in particular on bond market development in Asia; it will constitute a reference book on those topics for policy-makers and experts in both the public and private sectors.
Bond market
Capital market
Finance In Asia