Gentlemen prefer bonds

Desire to develop Asian bond markets is clearly on the policy agenda of central banks, as the high-profile statements about the Asian bond fund and its local-currency successor demonstrate. Although certainly a positive step, the bond fund is however a $1 billion drop in a $1.2 trillion ocean. Recent research by Robert McCauley1 at the BIS argues that central banks could play a key role in unlocking the potential in East Asian markets, but to do so would require them to abandon their favourite

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account