comparativepoliticsСравнительная политикаComparative Politics Russia2221-32792412-4990Издательская группа «Юрист»10.24411/2221-3279-2020-10017comparativepolitics-1127Research ArticleСРАВНИТЕЛЬНЫЙ АНАЛИЗ КОНЦЕПЦИЙ И ИНСТИТУТОВCOMPARATIVE ANALYSIS OF CONCEPTS AND INSTITUTIONSАЗИАТСКИЙ РЫНОК ОБЛИГАЦИЙ В НАЦИОНАЛЬНЫХ ВАЛЮТАХ И КИТАЙASIAN BOND MARKET IN LOCAL CURRENCIES AND CHINAКузнецоваВ. В.KuznesovaV. V.

Валентина Вильевна Кузнецова

к.и.н., доцент, кафедра мировой экономики и управления внешнеэкономической деятельностью, факультет государственного управления

Valentina V. Kuznesova

Candidate of History, Associate Professor, Department of World Economy and Foreign Economic Activity Management, Faculty of Public Administration

vkuz_55@mail.ruМосковский государственный университет имени М.В. ЛомоносоваРоссияLomonosov Moscow State UniversityRussian Federation202022042020112КИТАЙ КАК ГЛОБАЛЬНЫЙ ФАКТОР: СРАВНИТЕЛЬНЫЙ АНАЛИЗ ВАРИАНТОВ ОТВЕТОВ3646Copyright © Кузнецова В.В., 20202020Кузнецова В.В.Kuznesova V.V.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://www.sravpol.ru/jour/article/view/1127

В статье рассмотрен процесс реализации усилий правительств стран-членов АСЕАН+3 по развитию регионального облигационного рынка. Показано, какие инициативы и меры выдвигались на разных этапах продвижения Инициативы по развитию азиатских облигационных рынков в национальных валютах. Постепенный и гибкий подход позволил странам-участницам сформировать гибкие институциональные основы Инициативы, позволяющие учитывать разный уровень финансового развития вовлеченных экономик. В статье показана двойственная роль Китая в развитии регионального рынка облигаций в национальных валютах: как центра притяжения и как конкурент.

The article discusses the process of implementing the efforts of the governments of ASEAN+3 member countries to develop a regional bond market. It is shown what initiatives and measures were put forward at different stages of promoting the Initiative for the Development of Asian Bond Markets in national currencies. The gradual and flexible approach allowed the participating countries to form flexible institutional foundations of the Initiative, allowing to take into account the different levels of financial development of the economies involved. The article shows the dual role of China in the development of the regional bond market in national currencies: as a center of attraction and as a competitor.

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The authors declare that there are no conflicts of interest present.