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A strong legal framework that forms the basis for the activities of debt managers is crucial for enabling an effective public debt management function. This paper aims to complement discussions on the legal foundations of debt management by detecting and discussing essential elements that allow...
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This is the second volume of a study on the insights from a 12-country pilot program on public debt management and domestic government debt market development. The discussion of domestic government debt market development in this book uses a building block approach to gain insights into...
Persistent link: https://www.econbiz.de/10012563119
The government of Pakistan borrows in the domestic market through a range of instruments, and this market is a critical source of funding for both shorter-term cash management and longer-term deficit-financing. The government has taken actions over the past 18 months that have enhanced the...
Persistent link: https://www.econbiz.de/10012557892
bond market in line with best practices globally. The objective of this study is to carry out an assessment of the status … of the corporate bond market in Turkey. The study identifies key impediments and solutions to sustainable development …, and it presents a roadmap to address the key impediments to the development of a dynamic and robust corporate bond market …
Persistent link: https://www.econbiz.de/10012557322
This paper pertains to the bond market development in Malaysia, and provides an overview of the market scenario in the … country. Malaysia has been successful in developing the capital markets, particularly bond markets, in the recent past. Now …, it faces the challenge of how to improve broader access and efficiency of the bond market. A high degree of investor …
Persistent link: https://www.econbiz.de/10012560699
"This paper relaxes some key assumptions in the probabilistic approach to fiscal sustainability. First, the authors identify structural breaks over the sample period used to estimate the covariance matrix of the shocks to the debt ratios. Second, the assumption of normality of the shocks is...
Persistent link: https://www.econbiz.de/10010521050
"Greece and Italy initiated efforts to improve public debt management and develop their domestic debt markets respectively in the late 1970s and mid-1980s. At that time, both countries suffered from large and rapidly growing public debt, excessive reliance on short-term bills held by commercial...
Persistent link: https://www.econbiz.de/10010522920
Improving debt transparency is critical for promoting debt sustainability and creditworthiness assessments, increasing the accuracy of public debt information, and protecting the interests of a diverse range of stakeholders. The importance of debt transparency, the costs associated with the lack...
Persistent link: https://www.econbiz.de/10013254825