Broadening the Investor Base for Local Currency Bonds in the ASEAN+2 Countries

Asian Development Bank (adb)

No RPT15462-2, ADB Reports from Asian Development Bank (ADB)

Abstract: The Asian Development Bank has been working closely with the Association of Southeast Asian Nations (ASEAN) and the People’s Republic of China (PRC), Japan, and the Republic of Korea—collectively known as ASEAN+3—to promote the development of local currency bond markets in the region through the Asian Bond Markets Initiative (ABMI). ABMI was launched in 2002 to help channel regional savings toward long-term investments within the region. ABMI was established with the goal of improving the resilience of the region’s financial systems by helping reduce the double mismatches (maturity and currency) of companies’ investment financing. Since the launch of ABMI, local currency bond markets in the region have grown rapidly in recent decades in terms of size and diversity of issuers. This study was undertaken under ABMI and funded by the Government of Japan. It focuses on measures to expand the investor base for local currency bonds in ASEAN, the PRC, and the Republic of Korea, with the goal of generating greater variety in investment objectives and a wider range of investment strategies.

Keywords: local currency bonds; investors; regional integration; ASEAN+3; ASEAN; asian bonds; asian bond markets initiative; mutual funds; buy and hold portfolios; emerging market debt; financial institutions; government securities; china; prc; indonesia; korea; malaysia; philippines; singapore; thailand (search for similar items in EconPapers)
Pages: 84 pages
Date: 2013-05, Revised 2013-12-09
New Economics Papers: this item is included in nep-mac and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.adb.org/sites/default/files/pub/2013/Broadening-Investor-Base.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.adb.org/sites/default/files/pub/2013/Broadening-Investor-Base.pdf [301 Moved Permanently]--> https://www.adb.org/sites/default/files/pub/2013/Broadening-Investor-Base.pdf)
http://www.adb.org/sites/default/files/pub/2013/Broadening-Investor-Base.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.adb.org/sites/default/files/pub/2013/Broadening-Investor-Base.pdf [301 Moved Permanently]--> https://www.adb.org/sites/default/files/pub/2013/Broadening-Investor-Base.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:asd:wpaper:rpt15462-2

Access Statistics for this paper

More papers in ADB Reports from Asian Development Bank (ADB) Contact information at EDIRC.
Bibliographic data for series maintained by Jun de Jesus ().