Asia Bond Monitor – November 2019

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dc.contributor.authorADB
dc.date.accessioned2021-10-05T15:04:31Z
dc.date.available2021-10-05T15:04:31Z
dc.date.issued2019-11
dc.descriptionEmerging East Asia’s local currency bond market reached $15.2 trillion at the end of September 2019 on growth of 3.1% quarter-on-quarter and 13.0% year-on-year. Most emerging East Asian currencies strengthened against the US dollar between 31 August and 15 October. The trade conflict between the People’s Republic of China (PRC) and the United States (US) remains the primary downside risk. An economic slowdown in advanced economies as well as in the PRC also poses a risk to emerging East Asia. However, the monetary policy easing of central banks in advanced economies is benefiting the region’s financial environment. The theme chapter of this issue of the Asia Bond Monitor investigates the effect of bond market development on the risk-taking decisions of banks. Using bank-level data from developing markets around the world, the analysis finds that a well-functioning capital market can contribute to the soundness of the banking sector: bond market development reduces banks’ risks and supports credit creation. In addition, this issue examines the results of the AsianBondsOnline Annual Bond Market Liquidity Survey. It includes discussion boxes on PRC–US trade tensions and reform of the London Interbank Offered Rate. About the publication The quarterly Asia Bond Monitor reviews developments in emerging East Asian local currency bond markets. The report discusses key trends in the region’s bond markets, and the outlook, risks, and policy options. It covers the 10 members of the Association of Southeast Asian Nations and the PRC; Hong Kong, China; and the Republic of Korea.
dc.format.extent146
dc.identifier.isbn9789292618667
dc.identifier.isbn9789292618674
dc.identifier.issn2219-1518
dc.identifier.issn2219-1526
dc.identifier.urihttps://www.adb.org/publications/asia-bond-monitor-november-2019
dc.identifier.urihttps://hdl.handle.net/20.500.14540/5531
dc.subject.otherFinance sector development
dc.subject.otherFinancial institutions and services
dc.subject.otherFinancial markets
dc.subject.otherFinancial policy
dc.subject.otherIndustry and trade
dc.subject.otherPublic debt
dc.titleAsia Bond Monitor – November 2019
local.publication.countryChina
local.publication.countryPeople's Republic of
local.publication.countryHong Kong
local.publication.countryChina
local.publication.countryKorea
local.publication.countryRepublic of
local.publication.countryMalaysia
local.publication.countryPhilippines
local.publication.countrySingapore
local.publication.countryThailand
local.publication.countryViet Nam

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