The Milken Institute Series on Financial Innovation and Economic Growth

Asia's Debt Capital Markets

Prospects and Strategies for Development

Editors: Arner, D., Park, J.-H., Lejot, P., Liu, Q. (Eds.)

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About this book

Asia’s Debt Capital Markets: Prospects and Strategies for Development contains articles that share an important feature – an assessment of current and future prospects for developing debt capital markets in Asia. Some articles examine recent national or regionally sponsored actions to stimulate the development of these markets, while others provide specific proposals that are designed to expand such markets. The motivation for the articles is the fact that eight years of post-crisis discussion has not yet resulted in sufficient actions to broaden and deepen debt capital markets. Yet the role and value of such markets for economic growth and development is undisputed. The articles in this book make an important contribution in identifying obstacles to reform as well as in proposing ways to develop debt capital markets.

The book has three parts. Part I describes the characteristics and historical origins of these markets. Part II examines the contemporary bond markets and shows how they contribute to general welfare, describes the relationship between the banking sector and capital markets, and assesses prospects for reform in Asia's governmental and corporate debt markets. Part III explains the micro-level impediments and obstacles that must be the first targets of any reform efforts, provides an appraisal of attempts at regional cooperation to stimulate structural reform, and lastly contributes proposals to accelerate the growth and reach of bond markets throughout Asia.

Table of contents (11 chapters)

Table of contents (11 chapters)
  • Introduction

    Pages 1-7

    Arner, Douglas (et al.)

  • Opportunities and Challenges in Asian Bond Markets

    Pages 11-32

    Barth, James R. (et al.)

  • Developing Asian Bond Markets Using Securitization and Credit Guarantees

    Pages 33-54

    Park, Jae-Ha (et al.)

  • Contemporary Markets for Asian Debt Capital Market Instruments

    Pages 57-115

    Lejot, Paul (et al.)

  • Institutional Reform and Economic Development

    Pages 119-142

    Lejot, Paul (et al.)

Buy this book

eBook $169.00
price for USA in USD (gross)
  • ISBN 978-0-387-25090-8
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $219.99
price for USA in USD
  • ISBN 978-0-387-25089-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $219.99
price for USA in USD
  • ISBN 978-1-4419-2041-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Asia's Debt Capital Markets
Book Subtitle
Prospects and Strategies for Development
Editors
  • Douglas Arner
  • Jae-Ha Park
  • Paul Lejot
  • Qiao Liu
Series Title
The Milken Institute Series on Financial Innovation and Economic Growth
Series Volume
6
Copyright
2006
Publisher
Springer-Verlag New York
Copyright Holder
Springer-Verlag New York
eBook ISBN
978-0-387-25090-8
DOI
10.1007/b106755
Hardcover ISBN
978-0-387-25089-2
Softcover ISBN
978-1-4419-2041-6
Series ISSN
1571-4772
Edition Number
1
Number of Pages
XII, 322
Topics