Developing country economies are proving to be a competitive market for investment in local bonds because they offer relatively high yields and long maturities, which limit the risk of fluctuations in the US dollar, although not the risk to the developing economy.

The lessons of the Asian financial crisis 20 years ago have shown that the movement of capital can be a gamble.

The reality of international finance is complex, said Hyun-Song Shin, economic adviser and head of research at the Bank of International Settlements (BIS) at a recent Asian Development Bank and ADBI conference, 20 Years After the Asian Financial Crisis.

Read the transcript

http://bit.ly/2xzrZyz

Watch the full presentation

https://youtu.be/ZA6l-aBJ44Y

Know more about the conference

http://bit.ly/2oYbBk6

Know more about ADBI’s work on the Asian financial crisis

http://bit.ly/2xq2S22