scholarly journals Bond Market Guide for Mongolia

2021 ◽  

This guide provides comprehensive information on Mongolia’s local currency bond market. Since 2002, the Asian Development Bank has been working closely with the Association of Southeast Asian Nations (ASEAN) and Japan, the People’s Republic of China, and the Republic of Korea—collectively known as ASEAN+3—under the Asian Bond Markets Initiative to develop resilient regional financial systems. Mongolia became an official observer of ASEAN+3 Bond Market Forum in 2019 and has been an active participant since then. This guide aims to contribute to a better understanding of Mongolia’s local currency bond market and facilitate its further development.

2021 ◽  

This publication reviews recent developments in East Asian local currency bond markets along with the outlook, risks, and policy options. It covers the 10 members of the Association of Southeast Asian Nations and the People’s Republic of China; Hong Kong, China; and the Republic of Korea.


2020 ◽  
Author(s):  
AISDL

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 and the PRC and the Republic of Korea, with the goal of generating greater variety in investment objectives and a wider range of investment strategies. This will enhance market liquidity by creating new trading opportunities and will reduce market fluctuations by allowing bonds exhibiting different investment risks to be held by those most capable of bearing them. It is not only the size of the investor base that matters but also its diversity. An investor base can be large, however, if it is concentrated among a small number of institutions employing similar investment strategies, the result may be a multitude of “buy-and-hold” portfolios that ultimately undermine the efficiency and effectiveness of local bond markets.


2009 ◽  
Vol 8 (1) ◽  
pp. 9-40 ◽  
Author(s):  
Jong-Wha Lee ◽  
Cyn-Young Park

This paper examines the unfolding of the U.S. sub-prime-generated turmoil and its potential spillover effects on Asia's emerging financial systems. The sub-prime mortgage mess has revealed key structural weaknesses in the evolution of modern credit markets. Although emerging Asian financial markets have suffered only limited impact thus far, they remain open to further contagion given underlying weaknesses in the region's financial systems. Rapid financial globalization also poses new challenges as the region's largely unsophisticated banking and financial systems strive to keep up with the evolving financial environment. Policy priorities to foster regional financial stability include enhancing transparency and governance, improving risk management, strengthening regulation and supervision, and deepening and broadening financial systems, especially by developing local currency bond markets.


2013 ◽  
Vol 04 (03) ◽  
pp. 1350016 ◽  
Author(s):  
SHANAKA J. PEIRIS

This paper estimates the impact of foreign participation in determining long-term local currency government bond yields and volatility in a group of emerging markets (EMs) from 2000 to 2009. The results of a panel data analysis of 10 EMs show that greater foreign participation in the domestic government bond market tends to significantly reduce long-term government yields. Moreover, greater foreign participation does not necessarily result in increased volatility in bond yields in EMs and, in fact, could even dampen volatility in some instances.


2021 ◽  

This report provides information about the technical assistance and grants provided through the People’s Republic of China Poverty Reduction and Regional Cooperation Fund (PRC Fund) during 2019. It includes details on the operational performance of this support. An overview of the PRC Fund—covering the background and rationale, objectives, operating principles and arrangements, and achievements—is also presented. Administered by the Asian Development Bank (ADB), the PRC Fund was established in March 2005 to support poverty reduction, regional cooperation, and knowledge sharing among ADB’s developing member countries.


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