Global payments imbalances and East Asia’s monetary and financial cooperation

2008 ◽  
pp. 59-82
Author(s):  
Masahiro Kawai
Keyword(s):  
East Asia ◽  
Financial Cooperation

Financial cooperation and integration in East Asia

2011 ◽  
pp. 454-488
Author(s):  
Douglas W. Arner ◽  
Wei Wang ◽  
Paul Lejot
Keyword(s):  
East Asia ◽  
Financial Cooperation

Toward Developing Regional Bond Markets in East Asia

2004 ◽  
Vol 3 (2) ◽  
pp. 183-209 ◽  
Author(s):  
Daekeun Park ◽  
Yung Chul Park
Keyword(s):  
East Asia ◽  
Bond Market ◽  
Market Development ◽  
Bond Markets ◽  
Asian Countries ◽  
Financial Cooperation ◽  
Road Map ◽  
Currency Mismatch ◽  
Financial Infrastructure

Creating regional bond markets in East Asia has emerged as an important policy topic in discussions of how to promote regional monetary and financial cooperation to prevent future crises in the region. We evaluate the rationale and the strategies and propose a road map for developing regional bond markets in East Asia. We propose a market-oriented approach to development of the regional bond markets with the role of the official sector limited to such activities as building the regional financial infrastructure. We also suggest that the eventual goal of regional bond market development should be the development of domestic bond markets in the region. If domestic bond markets are fortified by domestic financial infrastructure and are deregulated and opened to foreign borrowers and investors, many of the Asian countries will be able to mitigate maturity and currency mismatch problems.

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