Developing Asian bondmarkets:
Gespeichert in:
| Weitere Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
[Canberra, Australia]
Asia Pacific Press at the Australian National Univ.
2004
|
| Schlagworte: | |
| Online-Zugang: | Volltext Inhaltsverzeichnis |
| Beschreibung: | XIV, 178 S. graph. Darst. |
| ISBN: | 0731538048 |
Internformat
MARC
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Datensatz im Suchindex
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|---|---|
| adam_text | Contents
Tables vi
Figures vii
Abbreviations vm
Contributors x
Foreword x i
1. Overview—challenges and strategies 1
Takatoshi Ito and Yung Chul Park
2. Creating regional bondmarkets in East Asia: rationale and strategy
Daekeun Park and Yung Chul Park ! 6
3. Promoting Asian Basket Currency bonds
Takatoshi Ito 67
4. Institutional foundations: credit insurers, asset backed
securitisation corporations and Asian bond funds
Michael Chak Sham Wong and Richard Yan Ki Ho 90
5. The structure and characteristics of East Asian bondmarkets
S. Ghon Rhee 112
6. The role of securitisation and credit guarantees
Hung Q. Tran and Jorge Roldos 129
7. The Asian Bond Bank: a good idea for credit enhancement
S. Ghon Rhee and Gregory R.Stone 145
References 160
Index 167
i
Developing Asian Bondmarkets
Tables
2.1 Foreign reserve holdings in East Asia, 1993 2002 27
2.2 Shares of East Asian reserve holdings in the world 27
2.3 Foreign holdings of Korean securities, 1999 2002 31
2.4 Correlationbetween East Asian currencies 39
2.5 Standard deviation of the rate of currency
depreciation, 1993 2003 41
3.1 Size of capital markets of East Asian countries and the
United States, 1997 and 2002 72
3.2 Government bonds ownership in Indonesia, 2000 2002 73
3.3 Bond transactions in secondary markets in Indonesia, 2000 2003 74
3.4 Outstanding govemment bonds, East Asian economies
and the United States, 1996 2002 75
3.5 Outstanding corporate bonds, East Asian economies
and the United States, 1996 2002 76
3.6a Korea sbondturnoverratio, 1995 2002 78
3.6b Malaysia s bond tumover ratio, 1995 2002 78
3.6c Indonesia s bond turnover ratio, 1995 2002 79
3.7 Balance sheet of the Asian Bond Corporation 81
3.8 Fluctuations of ABC bond values 82
4.1 Bond issuance and total financing in selected
East Asian economies, 1998 2002 91
4.2 Size of selected capital markets, 2001 92
4.3 Issuers of the debt securities handled by Central
MoneymarketsUnitinHongKong 94
4.4 Asian fixed income securities 96
4.5 Bond credit quality ratings 99
4.6 Moody s ratings on Asian sovereign bonds, April 2003 99
4.7 Yield spreads of emerging sovereign bonds and other
bonds, 2000 02 100
4.8 Fitch IBCA ratings of US financial guarantors and reinsurers 102
4.9 Asset securitisation in Asia, 2000 01 106
4.10 Ownership of US Treasury securities, 1982 2002 109
5.1 Regional bond rating agencies 118
5.2 Gaisai bond issues, 1991 2002 118
5.3 Sovereign credit rating, June 2003 122
5.4 Foreign holders of US Treasury securities, 2001 2003 122
6.1 Size and structureof the global bond market, 2001 131
6.2 Emerging markets financing: domestic and international sources 132
7.1 Sovereign credit rating 146
vi
Appendix tables
2.1 Difference between Samurai bonds and Eurobonds 58
2.2 International corporations issues, Samurai market 2002 59
2.3 Samurai bonds by credit rating, 1990 2002 60
2.4 Samurai bonds by tenors, 1990 2002 60
2.5 Size of the capital market, 2001 63
2.6 Sources of corporate finance, 2000 64
7.1 Example of a payment structure of Municipal Finance
AuthorityofBritish Columbia 158
Figures
2.1 Two tier securitisation scheme for small and medium
enterprise financing 36
2.2 Asian currency basket versus the Japanese yen, 1993 2002 40
5.1 New issues of Singapore dollar denominated bonds by
foreign entities, 1999 2002 113
5.2 Geographical distribution of foreign issuers: Singapore
dollar denominated bonds 114
5.3 Typesof foreign issuers of Singapore dollar denominated bonds 114
5.4 Non Singapore dollar bond issuance, 1997 2002 115
5.5 Non Singapore dollar bond issues, by maturity, 2001 2002 115
5.6 Types and geographical distribution of non Singapore
dollar issuers 116
5.7 Currency denomination of non Singapore dollar bond 116
5.8 Regional bondmarket 120
7.1 Bond bank focused on the credit rating effect 149
7.2 A bond bank focused on the size of debt issue 150
Appendix figures
2.1 Repurchase daily average turnover, 1998 2001 57
2.2 Profile of Singapore dollar debt issuers 62
Abbreviations in tables
n.a. not applicable
not available
zero
insignificant
vii
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| spelling | Developing Asian bondmarkets Takatoshi Ito ..., ed. [Canberra, Australia] Asia Pacific Press at the Australian National Univ. 2004 XIV, 178 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Bond market Asia Bond market East Asia Bonds Monetary policy Asia Monetary policy East Asia Rentenmarkt (DE-588)4177794-3 gnd rswk-swf Geldpolitik (DE-588)4019902-2 gnd rswk-swf Asien Ostasien Ostasien (DE-588)4075727-4 gnd rswk-swf (DE-588)4143413-4 Aufsatzsammlung gnd-content Ostasien (DE-588)4075727-4 g Rentenmarkt (DE-588)4177794-3 s Geldpolitik (DE-588)4019902-2 s DE-604 Itō, Takatoshi 1950- (DE-588)122323688 edt http://www.doabooks.org/doab?func=fulltext&uiLanguage=en&rid=15945 kostenfrei Volltext HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=013031147&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
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| title | Developing Asian bondmarkets |
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