The offshore currency market is a foundation of offshore bond market, helping well-established corporations in global financing. Following the global financial tsunami in 2008 and European debt crisis in 2009-2011, this book aims to document the latest issues, challenges, trends and thoughts relating to offshore currency markets in Asia.
Table des matières
Preface PART I: ISSUES IN OFFSHORE CURRENCY AND BOND MARKETS 1. Determinants of The Distribution of Eurodollar Deposits In Offshore Financial Centres; David Leung and Jim Wong 2. Why Should All the Eurobonds Issued by Indian Banks Carry Uniform Regulatory Credit Risk Charge?; Rituparna Das 3. USD Fixing Rates in Hong Kong: The Puzzles of Higher Volatility and Higher Funding Cost; Wilson F. C. Chan and Michael C. S. Wong PART II: CHALLENGES AND STRATEGIES OF DEVELOPING OFFSHORE RENMINBI MARKETS 4. The Development of the Renminbi Currency Market; Susan R. Hume 5. Price Disparities between Mainland China’s Onshore and Offshore Financial Markets; Cho-Hoi Hui, Jim Wong and KF Lai 6. Comparative Risk Analytics between Asian Offshore USD Bond and CNH Bond from an Indian Commercial Bank’s Perspective; Rituparna Das 7. China’s Offshore Yuan Market: Inside the Engine Room of the World’s Next Trade Currency; Saikat Chatterjee 8. Rational or Irrational? – Chinese Capital Control Rules in the Context of Internationalizing Renminbi; Wei Shen 9. From Greenback to Redback: The Journey of Renminbi from Local Circulation to Reserve Currency; Joe Ng 10. Legal and Documentation Issues of Offshore CNY Derivative Transactions; Jing Gu 11. The Challenges and Opportunities for RMB Investment Product Development in Hong Kong; Rosita Lee 12. Promise or Peril: Opportunities & Challenges of Renminbi Trade Settlement & Financing; Marvin Lo and Joe M.K. Ng 13. Eurodollar Banking and Renminbi Internationalisation; Dong He and Robert N Mc Cauley 14. Feasibility of Offshore RMB Market; Julia Leung 15. RMB: The Past, the Present and the Future; Arthur Shek 16. Renminbi Globalization: A Taiwan Perspective; Chung-Ming Kuan and Yingyi Tsai
A propos de l’auteur
Saikat Chatterjee, Thomson Reuters, Hong Kong Rituparna Das, National Law University Jodhpur, India Jing Gu, ISDA Dong He, Hong Kong Monetary Authority, Hong Kong Cho-Hoi Hui, Hong Kong Monetary Authority, Hong Kong Susan Hume, The College of New Jersey, USA Chung-Ming Kuan, National Taiwan University, Taiwan Rosita P S Lee, Hang Seng Bank, Hong Kong David W Y Leung, Hong Kong Monetary Authority, Hong Kong Julia Leung, HKSAR Government, Hong Kong Marvin P W Lo, Bank of China, China Robert N Mc Cauley, Bank for International Settlements, Switzerland Joe M K Ng, Standard Chartered Bank, Hong Kong Arthur Shek, HKET Holdings, Hong Kong Wei Shen, Shanghai Jiaotong University, China Yingyi Tsai, National University of Kaohsiung, Taiwan Jim Wong, Hong Kong Monetary Authority, Hong Kong