So I applaud the Research Program in Social and Organizational Learning here at George Washington University for sponsoring this wide-ranging conference. Over the course of several days, this assembly has discussed important issues in many sectors of our economy.
This marked the beginning of a diversified and tiered bond market system which includes exchange market and the over-the-counter (OTC) retail market (commercial bank OTC market) and was mainly dominated by OTC block trading market (interbank bond market).