• 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.

Trends and Best Practices in Shaping OECD Public Debt Management and Government Securities Markets*
Trends and best practices in shaping OECD public debt management and government securities markets
Hans J.Blommestein
Introduction and Executive Summary

This chapter provides an overview of the major strategic trends and policies shaping the development of government securities markets in the Organization for Economic Co-operation and Development (OECD) area. Attention is focused on best (or leading) practices in primary and secondary markets covering strategic issues such as the structure of debt portfolios and the role of benchmarks, the growing importance of electronic trading systems, importance of the more widespread use of more sophisticated risk management systems, and the role of derivatives in public debt management.

Against this backdrop, the chapter discusses strategic objectives of public ...

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