The credit picking gets harder - Asian corporates and governments are trying to build up local bond markets. Investors in Asia have a wide range of credit stories to pick from. With recovery underway, macro bets on countries will no longer do.
Loong, Pauline, (2000)
Infrastructural imperatives - Plenty of grandiose schemes but few bankable deals. Asia needs to spend massively if inadequate transport and communications are not to hold back growth. But structuring deals that private capital markets will accept tests the ingenuity of project financiers. Stable governments and credible sponsors would help.
Baker, Gill, (1997)
Baker, Gill, (1998)
- More ...