扩张本地债券市场,为更多的地区外汇储备提供居所,为此支持者们提出了几个原因。
Supporters put forward several reasons for expanding local bond markets to provide a home for more of the region's foreign-exchange reserves.
这种信心帮助保持了亚洲本地债券市场相对平稳地运行,虽然发债成本也因全球信贷紧缩而有所上升。
This faith has helped keep Asia's domestic bond markets functioning relatively smoothly, even if the cost of borrowing has increased with the global credit squeeze.
债券市场也不仅是在规模上不同,印尼的本地货币市场是GDP的15%(马来西亚是99%),还有投资者的性质不同。
Bond markets, too, differ not just in size - Indonesia's local-currency bond market is equivalent to 15% of GDP (in Malaysia it is 99%) - but in the profiles of investors.
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