Description
This report looks at how the use of local currency-denominated bonds for cross-border collateral transactions can be promoted in ASEAN+3 to develop regional bond markets.
Active use of local currency-denominated bonds for cross-border collateral transactions can help by mitigating risks, reducing the credit costs of financial institutions, and expanding market liquidity. The report identifies the challenges faced by regional collateral markets and proposes seven policy recommendations for promoting the cross-border use of local currency bonds as collateral in the Association of Southeast Asian Nations plus the People's Republic of China, Japan, and the Republic of Korea-known collectively as ASEAN+3.
Author: Asian Development Bank
Publisher: Asian Development Bank
Published: 09/07/2022
Pages: 84
Binding Type: Paperback
Weight: 0.62lbs
Size: 11.00h x 8.50w x 0.23d
ISBN13: 9789292697136
ISBN10: 9292697137
BISAC Categories:
- Business & Economics | Finance | Financial Engineering
- Business & Economics | Development | Economic Development
- Business & Economics | Investments & Securities | Bonds
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