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How to Mobilize Asian Savings within the Region: Securitization and Credit Enhancement for the Development of East Asia’s Bond Market

In: A New Financial Market Structure for East Asia

Author

Listed:
  • Gyutaeg Oh
  • Dae Keun Park
  • Jaeha Park
  • Doo Yong Yang

Abstract

This book contends that the East Asian financial constitution lacks an appropriate infrastructure, resulting in inefficient allocation of high savings and an over-inflated short-term debt market. It goes on to point out that despite high savings, East Asia’s dependency on financial centers outside the region is also relatively high, and that there is no strong region-wide network to connect various financial centers in East Asia.

Suggested Citation

  • Gyutaeg Oh & Dae Keun Park & Jaeha Park & Doo Yong Yang, 2005. "How to Mobilize Asian Savings within the Region: Securitization and Credit Enhancement for the Development of East Asia’s Bond Market," Chapters, in: Yung Chul Park & Takatoshi Ito & Yunjong Wang (ed.), A New Financial Market Structure for East Asia, chapter 17, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3528_17
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    Citations

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    Cited by:

    1. Paul Lejot & Douglas Arner & Liu Qiao & Mylene Chan & Mshall Mays, 2003. "Asia's Debt Capital Markets: Appraisal and Agenda for Policy Reform," Working Papers 192003, Hong Kong Institute for Monetary Research.
    2. Paul Lejot & Douglas Arner & Liu Qiao, 2004. "Making Markets: Reforms to Strengthen Asia's Debt Capital Markets," Working Papers 132004, Hong Kong Institute for Monetary Research.
    3. Gyutaeg Oh & Jae-Ha Park, 2006. "Creation of a regional credit guarantee mechanism in As," BIS Papers chapters, in: Bank for International Settlements (ed.), Asian bond markets: issues and prospects, volume 30, pages 224-240, Bank for International Settlements.
    4. Eliza, Nor & M., Azali & Law, Siong-Hook & Lee, Chin, 2008. "Demand For International Reserves in ASEAN-5 Economies," MPRA Paper 11735, University Library of Munich, Germany.

    More about this item

    Keywords

    Asian Studies; Economics and Finance;

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