Successful bonding
Article Abstract:
Taiwan's central bank has successfully quadrupled the issuance of government bonds in less than two years without driving up interest rates. The success of such bonds and the demand for more have financially emboldened the government. However, the secondary bond market, which deals in lower volume short term transactions, is unable to absorb the demand. Additionally, the corporate bond market has been hampered by an uncooperative banking system and by the absence of a rating system. Commercial bill companies are suspected of price fixing and unaccountability, which are the subjects of needed reform.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Hands on
Article Abstract:
Many analyst's believe that the removal of the currency floor on the New Taiwan dollar by Taiwan's Central Bank of China will help increase money supply, replenish foreign currency reserves and grow the economy. The currency had been pegged at 27.5 New Taiwan dollars to the US dollar. The Bank's action on May 27, 1996, sent the Taiwan currency to its lowest level in seven years. A cheaper New Taiwan dollar is expected to attract US dollars bask to Taiwan and boost exports.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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