Implications of the Global Financial Crisis for Financial Reform and Regulation in Asia
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Implications of the Global Financial Crisis for Financial Reform and Regulation in Asia

Edited by Masahiro Kawai, David G. Mayes and Peter Morgan

In light of the experience of the global financial crisis, this book develops concrete recommendations for financial sector reform and regulation in Asian economies aimed at preventing the recurrence of systemic financial crises, improving the ability to manage and resolve crises, managing capital flows and promoting the development of Asian bond markets.
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Chapter 11: Developing Asian Local Currency Bond Markets: Why and How?

Mark M. Spiegel

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11. Developing Asian local currency bond markets: why and how? Mark M. Spiegel 11.1 INTRODUCTION Since the 1997–1998 Asian financial crisis, there has been a perception that Asian financial markets would be aided by the existence of developed loca...

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