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Capital Market Reform in Asia
Towards Developed and Integrated Markets in Times of Change
First Edition
Edited by:
- Masahiro Kawai - The University of Tokyo, Japan
- Andrew Sheng - President, Fung Global Institute, Hong Kong, China
October 2012 | 396 pages | SAGE Publications Pvt. Ltd
Capital Market Reform in Asia is a compilation of selected papers that captures the essence of the issues and challenges that contributed to capital market reform in the Asian region. The central theme of this volume is to chart the progress of capital market development in Asia after the 1997–1998 Asian financial crisis, to understand the complex process of capital market deepening in emerging market economies, and to acknowledge that in the aftermath of the global financial crisis of 2007–2009, robust Asian capital markets are crucial for mobilizing domestic savings for investments in Asia, both nationally and regionally.
The book provides new insights into several important themes in capital market reforms in asia and is written by Asian financial policymakers, practitioners, scholars and experts invited by the organisation for Economic Co-operation and Development (OECD) and the Asian Development Bank Institute (ADBI).
Preface
Introduction
I: DEVELOPMENT OF CAPITAL MARKETS IN ASIA
| Banks and Financial Intermediation in Emerging Asia: Reforms and New Risks | M S Mohanty and Philip Turner |
| How to Develop Capital Markets in East Asia | Andrew Sheng |
II: ISSUES OF CAPITAL MARKET REFORM
| Capital Market Reform in Malaysia | Zarinah Anwar |
| Non-tradable Share Reform in the People's Republic of China | Xinghai Fang |
| Trends and Best Practices in Shaping OECD Public Debt Management and Government Securities Markets | Hans J Blommestein |
| Ten Years After: Implications of the Current Financial Market Turmoil | Atchana Waiquamdee |
| Facing the North-Atlantic Financial Crisis: A European Perspective | Hans-Helmut Kotz |
III: EMERGING RISKS AND CHALLENGES OF REGULATION, SUPERVISION, AND CORPORATE GOVERNANCE
| Corporate Governance: An IOSCO Perspective | Jeremy Cooper |
| Governance of and by Institutional Investors in the OECD Area | Stephen Lumpkin |
| Restoring Trust in Financial Markets | Stephen Grenville |
| Financial Sector Supervision: What We Have Learned So Far | Stephen Grenville |
| Investor Protection in the Asia Pacific: Survey Findings of the Asia-Pacific Regional Committee | Lynn Hew and Mohammad Nizam Ismail |
| The Elephant in the Room: The Need to Deal with What Banks Do | Adrian Blundell-Wignall, Gert Wehinger, and Patrick Slovik |
IV: REGIONAL CO-OPERATION AND INTEGRATION OF CAPITAL MARKETS IN ASIA
| A New Financial Market Structure for East Asia: How to Promote Regional Financial Market Integration | Gordon de Brouwer and Jenny Corbett |
| The Integration of Capital Markets in the Asian Region: Some Practical Steps Forward | Gordon de Brouwer and Lorraine Allan |
| The Asian Bond Fund-2 and Regional Initiatives | Thirachai Phuvanatnaranubala |
| The Role of Capital Markets in Infrastructure Financing | Worapot Manupipatpong |
Index
