Handbook Of Asian Sovereign Bond Markets Yield & Risk

USD $ 17.50

Excessive borrowings relative to the ability to service loans constitute sovereign debt crises, and it is not limited only to developed countries. This book is on the pricing of sovereign debt in 17 bond markets across Asia: from Japan in the Far East and Israel in West Asia. The 17 markets include the very large bond market of Japan, which ranks equal among the largest five markets namely in the UK, the USA, Germany and Switzerland. Sovereign debt overhand is allegedly destabilizing the world economy from October 2011, since when the then Eurozone crises transformed into government debt overhang crisis.

This book is about the economics of how the sovereign debts are rated, priced and sold on the basis of perceived risk by investors buying and selling debt instruments. Developed economies’ debt burden as a percentage of national income has risen over 25 years from about 40 percent of GDP to the current figure of about 80 percent largely as a result of profligate government spending. So governments are now overhung with loans.

One aim of this book is to highlight the sovereign debts of some 17 important economies in Asia, happily none of them seriously as sick as the ones in EU. One clear lesson from this research effort is that the bond markets are quite clever in pricing different risk levels of sovereign debts in Asian countries.

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Academic Work By UPM Press
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Additional information

Author

Mohamed Ariff, Fan-Fah Cheng & Shamsher Mohamad

ISBN

978-967-344-333-8

Year Published

2013

Pages

n/a

Type

Hardcopy

Delivery

1-2 weeks

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UPM Press is responsible in building a high quality academic publications either in English or Bahasa Malaysia. Works created by our academicians are means to contribute to the body of knowledge, disseminate knowledge and information for the benefit of mankind. The academic works too will help to boost the success of UPM’s strategic plan, namely to increase the level of achievement, research and innovation at the international level.

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