Choice of currency by East Asia bond issuers

• Main Authors: FERNANDEZ, David, KLASSEN, Simon
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2006
• Subjects: Currency; bonds; Asian bond markets; East Asia; Asian Studies; Finance; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/6896; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7895/viewcontent/bispap30l.pdf
• Institution: Singapore Management University

In discussing bond markets in Asia, academics and policymakers typically begin by noting that the Asian crisis of 1997-98 in part resulted from the underdevelopment of the region’s domestic bond markets and the resultant currency and duration mismatches. When assessing the progress made in developin...