Asia’s Debt Capital Markets

Prospects and Strategies for Development

  • Douglas Arner
  • Jae-Ha Park
  • Paul Lejot
  • Qiao Liu

Table of contents

  1. Front Matter
    Pages i-xii
  2. Introduction

    1. Douglas Arner, Jae-Ha Park2, Paul Lejot, Qiao Liu
      Pages 1-7
  3. Asia’s Debt Capital Markets: Opportunities and Prospects

    1. Front Matter
      Pages 9-9
    2. James R. Barth, Donald McCarthy, Triphon Phumiwasana, Glenn Yago
      Pages 11-32
    3. Paul Lejot, Douglas Arner, Qiao Liu
      Pages 57-115
  4. The Role of Reform

  5. Strategies for Development

    1. Front Matter
      Pages 205-205
    2. Paul Lejot, Douglas Arner, Qiao Liu
      Pages 243-268
    3. Paul Lejot, Douglas Arner, Frederick Pretorius
      Pages 269-290
    4. Jae-Ha Park, Gyutaeg Oh, Daekuen Parka, Changyong Rhee
      Pages 291-314
  6. Back Matter
    Pages 315-322

About this book


Asia’s Debt Capital Markets: Prospects and Strategies for Development contains articles that share an important feature – an assessment of current and future prospects for developing debt capital markets in Asia. Some articles examine recent national or regionally sponsored actions to stimulate the development of these markets, while others provide specific proposals that are designed to expand such markets. The motivation for the articles is the fact that eight years of post-crisis discussion has not yet resulted in sufficient actions to broaden and deepen debt capital markets. Yet the role and value of such markets for economic growth and development is undisputed. The articles in this book make an important contribution in identifying obstacles to reform as well as in proposing ways to develop debt capital markets.

The book has three parts. Part I describes the characteristics and historical origins of these markets. Part II examines the contemporary bond markets and shows how they contribute to general welfare, describes the relationship between the banking sector and capital markets, and assesses prospects for reform in Asia's governmental and corporate debt markets. Part III explains the micro-level impediments and obstacles that must be the first targets of any reform efforts, provides an appraisal of attempts at regional cooperation to stimulate structural reform, and lastly contributes proposals to accelerate the growth and reach of bond markets throughout Asia.


Economic Development Investment bond markets economics finance law risks, opportunities, strategies

Editors and affiliations

  • Douglas Arner
    • 1
  • Jae-Ha Park
    • 2
  • Paul Lejot
    • 1
  • Qiao Liu
    • 3
  1. 1.Asian Institute of International Financial Law Faculty of LawUniversity of Hong KongHong Kong
  2. 2.Korea Institute of FinanceKorea
  3. 3.Faculty of Business and EconomicsUniversity of Hong KongHong Kong

Bibliographic information

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