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Handbook of Asian sovereign bond markets: yield & risk

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dc.contributor.authorMohamed Ariff
dc.contributor.authorCheng Fan Fah
dc.contributor.authorShamsher Mohamad Ramadili Mohd
dc.date.accessioned2016-09-29T05:53:44Z
dc.date.available2016-09-29T05:53:44Z
dc.date.issued2013
dc.description.abstractThis 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 overhang is allegedly destabilizing the world economy from October 2011, since when the then Eurozone crisis 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.
dc.identifier.citationAriff, M., Cheng, F. F., & Ramadili Mohd, S. M. (2013). Handbook of Asian sovereign bond markets: yield & risk. Serdang, Selangor: Universiti Putra Malaysia Press.
dc.identifier.isbn9789673443338
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/2074
dc.languageEnglish
dc.language.isoeng
dc.publisherUniversiti Putra Malaysia Press
dc.rights2013. Universiti Putra Malaysia Press
dc.sourceCRP
dc.subjectBond markets
dc.subjectBonds
dc.subjectInvestment analysis
dc.titleHandbook of Asian sovereign bond markets: yield & risk
dc.typeBook
dlc.maintopicConventional finance
dlc.subtopicConventional capital markets
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.licenseAvailable in physical copy only
ikr.topic.maintopicConventional finance
ikr.topic.subtopicConventional finance
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relation.isAuthorOfPublication33b91dde-0170-454c-8f2b-ec4b208837b9
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relation.isAuthorOfPublication.latestForDiscovery33b91dde-0170-454c-8f2b-ec4b208837b9
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