Cover -- Title -- Copyright -- Contents -- Tables and Figures -- Foreword -- Acknowledgments -- Abbreviations -- I. Overview -- A. Introduction -- II. Legal and Regulatory Framework -- A. Legal Tradition -- B. English Translation -- C. Legislative Structure -- D. Hong Kong Bond Market Regulatory...

This paper examines the unfolding of the US subprime-generated turmoil and its potential spillover on emerging Asia's financial systems. The subprime mortgage mess has revealed key structural weaknesses in the evolution of modern credit markets. While emerging Asian financial markets have thus...