|Title: Asia's Debt Capital Markets Appraisal & Agenda for Policy Reform|
|Reference Number: 1072|
|Publication Date: October 2003|
| Author(s): |
Paul Lejot, Douglas Arner, Liu Qiao, and Mylene Chan
This paper is concerned with markets for tradable debt securities; and with the value and appropriateness of stuctured finance techniques to expand general usage of Asia's debt markets. The paper examines the condition of the domestic and offshore debt capital markets for Asia-Pacific risk. It traces common patterns of development among the established and nascent public debt securities markets in the region, and looks at the dynamics that will affect these markets in the medium term. Last, it seeks to identify whether Asian markets can be made to accommodate continuous issuing and trading activity typical of advanced economies, and to consider the associated advantages and considerations.