Using central bank reserves to jump start Asian bond markets is not an appropriate use of these reserves. I also doubt whether whatever small fraction of their reserves they ended up using would really add all that much liquidity to the markets.
What Asian bond markets need is more transparency, greater protections for investors, and improved regulations and tax policies. Only then will they take off and provide a means for Asian savers to invest their money locally.
Limited
I am riding on a limited express, one of the crack trains
of the nation.
Hurtling across the prairie into blue haze and dark air
go fifteen all-steel coaches holding a thousand people.
(All the coaches shall be scrap and rust and all the men
and women laughing in the diners and sleepers shall
pass to ashes.)
I ask a man in the smoker where he is going and he
answers: "Omaha." Kindly visit
The Economic Fractalist http://www.economicfractalist.com/
They could just adopt the renminbi, but they probably are afraid they don't know what they are doing.
nice post. lauded it over at my blog. my trackback is not working though.
vegas casino comps vegas casino comps vegas casino comps // cost of insurance cost of insurance cost of insurance
Commenting by HaloScan
