Bond Market Development in Asia

The development of liquid, sound and deep bond markets has become one of the most important policy issues in the financial sector in Asian countries. In fact, though this issue has been discussed for a while now, the Asian financial crisis re-emphasised its importance, and it is worth discussing this issue in the framework of the post-crisis landscape. The second "Round Table on Capital Market Reforms in Asia" held in Tokyo in April 2000, which was organised by the OECD and the Asian Development Bank Institute (ADBI), focused on bond market development in Asia. Bond market developmen