ASIAN BOND MARKET IN LOCAL CURRENCIES AND CHINA
https://doi.org/10.24411/2221-3279-2020-10017
Abstract
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.
About the Author
V. V. Kuznesova
Lomonosov Moscow State University
Russian Federation
Russian Federation
Valentina V. Kuznesova
Candidate of History, Associate Professor, Department of World Economy and Foreign Economic Activity Management, Faculty of Public Administration
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Review
For citations:
Kuznesova V.V. ASIAN BOND MARKET IN LOCAL CURRENCIES AND CHINA. Comparative Politics Russia. 2020;11(2):36-46. (In Russ.) https://doi.org/10.24411/2221-3279-2020-10017
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