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文章基本信息

  • 标题:The development of money markets in Asia
  • 本地全文:下载
  • 作者:Mico Loretan ; Philip Wooldridge
  • 期刊名称:BIS Quarterly Review: International Banking and Financial Market Developments = BIZ-Quartalsbericht: Internationales Bankgeschäft und internationale Finanzmärkte
  • 印刷版ISSN:1012-9979
  • 出版年度:2008
  • 卷号:2008
  • 期号:3
  • 出版社:Bank for International Settlements
  • 摘要:

    The depth and breadth of money markets in Asia have improved significantly over the past decade, yet many are still characterised by segmentation and a low degree of cross-border integration. Admittedly, the underdevelopment of Asia’s money markets worked to the region’s advantage during the recent turmoil by insulating it to some degree from the shocks that disrupted more developed money markets. Nonetheless, the turmoil provides authorities and market participants in Asia with an opportunity to learn from experiences elsewhere in their efforts to realise the full benefits offered by well functioning money markets.

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