Harmonization of Bond Market Rules and Regulations in Selected APEC Economies

Abstract

At the end of 2002, the value of bond markets in emerging Asian countries exceeded US$1.2 trillion, more than half the total for emerging markets. Asian markets achieved this preeminent position without much support, and even as the region's economic and financial sectors endured a series of difficulties over the past decade. Domestic bond markets have grown rapidly to become important features of financial markets across the Asian region.