Summary
Contents
Subject index
Capital Market Reform in Asia contains a selection of papers that capture the essence of capital market reform in the Asian region, including important lessons from the global financial crisis of 2007–2009. It points to the need for Asian economies to adapt their capital market development strategies to rebalance growth by increasing mobilization of Asian savings for Asian investment.
Capital Market Reform in Asia is derived from 11 round table conferences on Capital Market Reform in Asia, jointly organized by Asian Development Bank Institute (ADBI) and the Organization for Economic Co-operation and Development (OECD).
The volume charts the progress of capital market development in Asia after the 1997–1998 Asian financial crisis, providing insights into capital market reform and the new challenges that have arisen since the global financial crisis of 2007–2009, amidst reforms to the international financial architecture.
The Role of Capital Markets in Infrastructure Financing*
The Role of Capital Markets in Infrastructure Financing*
Introduction
Over the past few decades, infrastructure development has been playing an increasingly important role in promoting sustainable economic development. Development of capital markets has also been recognized as important to sustaining economic development. In an effort to address the twin mismatches that led to the Asian financial crisis of 1997–98, progress has been made in developing the local capital markets in the Asian region so that they can provide long-term investment instruments to help mobilize long-term savings to support regional production and infrastructure development.
At the Public–Private Partnership (PPP) on Infrastructure Investment Workshop organized at the Asian Development Bank Institute (ADBI) in November 2007, an enabling environment to promote PPP was ...
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