Asia Bond Monitor - November 2020

<p>This edition highlights trends in emerging East Asian local currency bond markets and explores bank efficiency and financing for a sustainable recovery.</p><p><br></p><p>The publication discusses the importance of green and social finance in ensuring a sustainable recovery from the coronavirus disease (COVID-19) pandemic. It also investigates the link between bond market development and bank efficiency. It finds that banks become more profit-efficient but less cost-efficient in economies with relatively more developed bond markets.</p>