Policymakers in emerging Asian economies are not idiots. They recognise that, in most cases, their government bond markets are a poor mechanism for capturing domestic savings. But they seem incapable of taking the necessary remedial action. A glance across Asia suggests that developing deeper, more liquid, sovereign bond markets is a huge, multi-decade task.
亞洲新興經(jīng)濟體的政策制定者們并不是白癡。他們知道，在大多數(shù)情況下，本國的國債市場在吸引國內(nèi)儲蓄方面，運轉機制不佳。但他們似乎無力采取必要的補救措施。縱觀亞洲，你便能認識到，發(fā)展一個更具深度、流動性更強的主權債券市場，是一項需要花費數(shù)十年的龐大任務。
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