Bond Market Settlement and Emerging Linkages in Selected ASEAN+3 Countries

Bond Market Settlement and Emerging Linkages in Selected ASEAN+3 Countries PDF Author: Asian Development Bank
Publisher:
ISBN: 9789715615822
Category : Business & Economics
Languages : en
Pages : 196

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Book Description
Studying how regional settlement systems facilitate greater bond market transactions in the ASEAN+3 region, this report reviews existing settlement systems and regional and international links between settlement systems, identifying the different types of crossborder settlements available, their advantages and disadvantages, and the hurdles to establishing effective regional settlements. A comparison analysis reviews developments in European links and mergers of national and international securities depositories alongside extensive analysis on the national settlement systems of selected ASEAN+3 member countries. Recommendations are made for establishing transparency in pricing and market infrastructure, compliance with international standards, regional cooperation, and further study on how to facilitate crossborder investment.

Bond Market Settlement and Emerging Linkages in Selected ASEAN+3 Countries

Bond Market Settlement and Emerging Linkages in Selected ASEAN+3 Countries PDF Author: Asian Development Bank
Publisher:
ISBN: 9789715615822
Category : Business & Economics
Languages : en
Pages : 196

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Book Description
Studying how regional settlement systems facilitate greater bond market transactions in the ASEAN+3 region, this report reviews existing settlement systems and regional and international links between settlement systems, identifying the different types of crossborder settlements available, their advantages and disadvantages, and the hurdles to establishing effective regional settlements. A comparison analysis reviews developments in European links and mergers of national and international securities depositories alongside extensive analysis on the national settlement systems of selected ASEAN+3 member countries. Recommendations are made for establishing transparency in pricing and market infrastructure, compliance with international standards, regional cooperation, and further study on how to facilitate crossborder investment.

ASEAN+3 Bond Market Guide 2018 Cambodia

ASEAN+3 Bond Market Guide 2018 Cambodia PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292610678
Category : Business & Economics
Languages : en
Pages : 113

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Book Description
ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The Bond Market Guide 2018 for Cambodia is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Cambodia.

ASEAN+3 Bond Market Guide 2016 Singapore

ASEAN+3 Bond Market Guide 2016 Singapore PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292575988
Category : Business & Economics
Languages : en
Pages : 121

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Book Description
The Singapore bond market has become one of the most developed open capital markets in Asia with over US$221 billion in total local currency bonds outstanding with an additional US$53 billion of bonds outstanding. The Singapore Bond Market Guide is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Singapore, while the ASEAN+3 Bond Market Guide as a whole is a comprehensive explanation of the region’s bond markets. This report should be recognized as a collective good to support bond market development among ASEAN+3 members.

Minimizing Foreign Exchange Settlement Risk in the ASEAN+3 Region (financed by the Japan Special Fund).

Minimizing Foreign Exchange Settlement Risk in the ASEAN+3 Region (financed by the Japan Special Fund). PDF Author: Asian Development Bank
Publisher:
ISBN:
Category : Bond market
Languages : en
Pages : 18

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Book Description


ASEAN+3 Bond Market Guide 2016 Japan

ASEAN+3 Bond Market Guide 2016 Japan PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292575023
Category : Business & Economics
Languages : en
Pages : 193

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Book Description
ASEAN+3 Bond Market Guide is a comprehensive explanation of the region’s bond markets. It provides various information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction including settlement systems, and other relevant information. Bond Market Guide 2016 for Japan is an outcome of the strong support and kind contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Japan. The report should be recognized as a collective good to support bond market development among ASEAN+3 members.

South Asian Bond Markets

South Asian Bond Markets PDF Author: Kiatchai Sophastienphong
Publisher: World Bank Publications
ISBN: 0821376020
Category : Business & Economics
Languages : en
Pages : 226

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Book Description
The financial sectors in South Asia Region (SAR) are dominated by commercial banks, which account for the vast majority of the financial system's assets. The domestic debt markets including the government bond and corporate bond markets are at an early stage of development and there are few institutional investors. In recent years, countries in SAR have attempted to develop local debt markets, although the pace of development remains uneven and slow due to many regulatory and institutional impediments. With the notable exception of India, governments in SAR have yet to implement measures required for the proper development of the domestic bond markets. The book provides a comprehensive overview of the major bond markets in SAR (Bangladesh, India, Nepal, Pakistan and Sri Lanka) highlighting the areas which need further reforms. It is hoped that the book will contribute to our knowledge of bond markets in South Asian countries and create a broad based ownership of the recommendations made by the authors.

Crisis as Catalyst

Crisis as Catalyst PDF Author: Andrew J. MacIntyre
Publisher: Cornell University Press
ISBN: 9780801474606
Category : Business & Economics
Languages : en
Pages : 340

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Book Description
The financial crisis that swept across East Asia during 1997-1998 was devastating not only in its economic impact but also in its social and political effects. The explosive growth and sociopolitical modernization that had powered the region for much of the preceding decade suddenly were dramatically interrupted. East Asia is economically outperforming the rest of the developing world once again and has become a leading force in the global economy. In the wake of the crisis, East Asia changed in important ways. Crisis as Catalyst contains assessments of these changes-both ephemeral and permanent- by a wide range of specialists in Asian economics and politics. The crisis, as the contributors to this volume show, catalyzed changes across political, corporate, and social arenas both in the countries hit hard by the crisis and in others throughout the region. The authors of Crisis as Catalyst examine what has changed (as well as what has not changed) in East Asia since the crisis, explain these variations, and reflect on the long-term significance of these developments.

Global Financial Stability Report, April 2012

Global Financial Stability Report, April 2012 PDF Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1616352477
Category : Business & Economics
Languages : en
Pages : 94

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Book Description
The April 2012 Global Financial Stability Report assesses changes in risks to financial stability over the past six months, focusing on sovereign vulnerabilities, risks stemming from private sector deleveraging, and assessing the continued resilience of emerging markets. The report probes the implications of recent reforms in the financial system for market perception of safe assets, and investigates the growing public and private costs of increased longevity risk from aging populations.

Law and Systems for Intermediated Securities and the Relationship of Private Property Law to Securities Clearance and Settlement

Law and Systems for Intermediated Securities and the Relationship of Private Property Law to Securities Clearance and Settlement PDF Author: Charles W. Mooney
Publisher:
ISBN:
Category : Right of property
Languages : en
Pages : 134

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Book Description
This paper compares the private law of the United States and Japan that applies to the holding of securities through intermediaries, such as securities firms and banks. In particular, it focuses on Articles 8 and 9 of the United States Uniform Commercial Code and the Japanese Book-Entry Transfer Act. That act is now in effect in Japan for most securities other than equity securities and it will become operative for equities in January 2009. The paper also examines the proposed UNIDROIT Draft Convention on Substantive Rules regarding Intermediated Securities. The Convention will be discussed at a diplomatic conference to be held in Geneva in September 2008, with the goal of adopting a final text. It considers the Convention on alternative assumptions that the non-Convention law is the law of the United States or the law of Japan. It generally concludes that the functional approach (i.e., result-oriented, as opposed to doctrine- or theory-oriented) adopted by the Convention is successful and appropriate. Finally, the paper considers differences between United States law and Japanese law in the context of similarities and differences in the principal systems and practices for clearance and settlement of securities transactions in the United States and Japan.--Author's description.

Emerging Capital Markets and Globalization

Emerging Capital Markets and Globalization PDF Author: Augusto de la Torre
Publisher: World Bank Publications
ISBN: 0821365444
Category : Business & Economics
Languages : en
Pages : 232

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Book Description
Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, particularly in Latin America. Unfortunately, they are now faced with disheartening results. Stock and bond markets remain illiquid and segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk. Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic environment and to reform the institutions believed to foster capital market development. The disappointing performance has made conventional policy recommendations questionable, at best. 'Emerging Capital Markets and Globalization' analyzes where we stand and where we are heading on capital market development. First, it takes stock of the state and evolution of Latin American capital markets and related reforms over time and relative to other countries. Second, it analyzes the factors related to the development of capital markets, with particular interest on measuring the impact of reforms. And third, in light of this analysis, it discusses the prospects for capital market development in Latin America and emerging economies and the implications for the reform agenda.