This publication reviews recent developments in East Asian local currency bond markets along with the outlook, risks, and policy options. It covers the 10 members of the Association of Southeast Asian Nations plus the People’s Republic of China; Hong Kong, China; and the Republic of Korea.

To promote evidence-based policy making, the Asian Development Bank partnered with Innovations for Poverty Action and the Abdul Latif Jameel Poverty Action Lab in 2012 to deliver a 3-day conference on impact evaluation and public policy in Bangkok. Over 200 scholars, practitioners and policy...