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1、Developing the bond market in any economy is matter of compulsory missions, given the fact that strong bond market has number of significant inputs on economic development. As mentioned by some scholars, besides the valu

2、e added services provided by the banks, the bond market, as a direct financing source for the firms, provides them with multiple financial sources. Governments bonds are usually referred to as risk-free bonds, because th

3、e government can raise taxes or simply print more money to redeem the bond at maturity.During the transitional period from a centrally planned economy to a market economy in Mongolia, the Government of Mongolia establish

4、ed the root of Mongolian Stock Exchange (MSE) on January 18, 1991 with the intention of implementing its Privatization Policy and developing investment and securities market.The stock market has seen rapid growth in the

5、past five years. As recently as 2006, it was the world's smallest stock exchange by market capitalization (at that point roughly US$83 million).[6] That grew to US$406 million by 2008 and then quadrupled again to US$2 bi

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