Asia's Debt Capital Markets

Asia's Debt Capital Markets: Opportunities and Prospects.- Opportunities and Challenges in Asian Bond Markets.- Developing Asian Bond Markets Using Securitization and Credit Guarantees.- Contemporary Markets for Asian Debt Capital Market Instruments.- The Role of Reform.- Institutional Reform and Economic Development.- Reforming China's Bond Markets: Development prospects and the effects of corporate behavior.- Improving the Policy Environment for Private Sector Participation in the Development of Local Currency and Regional Bond Markets in APEC: Report of a financial sector survey.- Strategies for Development.- Essential Changes in National Law and Regulation: Impediments to cross-border investment in Asian bond markets.- Policy Concerns and the Value of Regional Markets.- Promoting Market Development with Structured Finance and Regional Credit Enhancement.- Building a Settlement Infrastructure for the Asian Bond Markets: Asiasettle.

James R. BarthSenior FellowPh.D., Economics, Ohio State University

James R. Barth is the Lowder Eminent Scholar in Finance at Auburn University and a Senior Fellow at the Milken Institute. His research has focused on financial institutions and capital markets, both domestic and global, with special emphasis on regulatory issues. Most recently, he served as leader of an international team advising the People's Bank of China on banking reform.

Barth was an appointee of Presidents Ronald Reagan and George H.W. Bush as chief economist of the Office of Thrift Supervision until November 1989 and has previously served as the chief economist of the Federal Home Loan Bank Board.

Glenn YagoDirector of Capital StudiesPh.D., Political Economy, University of Wisconsin, Madison

Glenn Yago is Director of Capital Studies at the Milken Institute. He specializes in financial innovations, financial institutions and capital markets, and has extensively analyzed public policy and its relation to high-yield markets, initial public offerings, industrial and transportation concerns, and public and private sector employment.

The Capital Studies group has a number of innovative projects underway. Its Center for Emerging Domestic Markets analyzes emerging U.S. markets, comprised primarily of entrepreneurs with limited access to capital, and undertakes projects aimed at expanding capital access. The U.S. Department of Commerce, its Minority Business Development agency, the California State Treasurer's Office, and California's pension funds, among others, have actively participated in these projects. Likewise in the area of capital access, Yago is creator of the Milken Institute Capital Access Index, an annual survey that measures access to capital for entrepreneurs across countries, and co-creator of the Opacity Index, a measure of the openness of financial markets around the world, critical factors in determining a nation's economic health. Both indices are referenced regularly