Asian Local-Currency Sovereign and Corporate Bond Markets after the 1997 Crisis, 1998–2015

1. Post-crisis push for local-currency bond financing

   Jan 1, 1998Labels: Local-currency bonds, Post-1997 reforms

   • ADB ABMI
   • JBIC ABMI

2. Asia-Pacific bond market development initiative begins

   Jan 1, 1998Labels: Asia-Pacific cooperation, World Bank

   • ADB ARIC

3. ABMI launched to develop ASEAN+3 bond markets

   Dec 1, 2002Labels: ABMI, ASEAN 3

   • ADB ABMI
   • JBIC ABMI

4. EMEAP launches Asian Bond Fund 1

   Jun 1, 2003Labels: EMEAP, Asian Bond

   • RBA Speech
   • RBA Bulletin

5. ABMI adopted and work program announced

   Aug 7, 2003Labels: ABMI, ASEAN 3

   • A 3 Release
   • ADB ABMI

6. ASEAN Capital Markets Forum created

   Jan 1, 2004Labels: ACMF, ASEAN regulators

   • ACMF

7. EMEAP announces Asian Bond Fund 2

   Dec 1, 2004Labels: EMEAP, ABF2

   • HKMA ABF2
   • RBA Bulletin

8. ABF2 moves to implementation and fund setup

   May 12, 2005Labels: ABF2, Fund managers

   • HKMA ABF2

9. ABF Pan-Asia Bond Index Fund listed

   Jul 7, 2005Labels: PAIF, ABF Pan-Asia

   • HKMA Insight

10. New ABMI Roadmap endorsed in Madrid

    May 4, 2008Labels: ABMI Roadmap, ASEAN 3

    • EABC ABMI
    • ASEAN Vietnam

11. CMIM becomes effective, strengthening regional safety net

    Mar 24, 2010Labels: CMIM, ASEAN 3

    • Singapore MOF

12. CGIF established to guarantee local-currency bonds

    Nov 1, 2010Labels: CGIF, ADB

    • ASEAN Vietnam
    • IISD CGIF

13. AMRO established for ASEAN+3 surveillance

    Jan 1, 2011Labels: AMRO, ASEAN 3

    • AMRO
    • AMRO Agreement

14. First CGIF-guaranteed bond issued

    Apr 1, 2013Labels: CGIF, Guaranteed bond

    • Japan MOFA
    • IISD CGIF

15. AMBIF promoted to support cross-border bond issuance

    Sep 20, 2015Labels: AMBIF, ASEAN 3

    • PhilStar