Showing 1 - 10 of 204
Persistent link: https://www.econbiz.de/10010523027
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...
Persistent link: https://www.econbiz.de/10012247442
Persistent link: https://www.econbiz.de/10010523026
The exposure of African financial sectors to global risks, including the likely fall-out of the on-going European debt crisis, continues to be limited. African financial sectors have received much recognition for their steady growth performance and resilience during and after the 2008 global...
Persistent link: https://www.econbiz.de/10012557855
"In this paper the authors reconsider the idea of an earnings-related pension system with reserves invested in indexed government bonds as a mechanism to both ensure financial sustainability and improve security. They start by reviewing the characterization of the sustainable rate of return of...
Persistent link: https://www.econbiz.de/10010522096
Persistent link: https://www.econbiz.de/10010523051
The debt market in Thailand has made important strides since the financial crisis of 1997. The Thai government has made significant progress in building an orderly yield curve and is beginning to establish some benchmarks. However, more needs to be done if the government is to achieve its...
Persistent link: https://www.econbiz.de/10012247120
Persistent link: https://www.econbiz.de/10010521904
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
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