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Government Bonds and their Investors; What Are the Facts and Do they Matter?
Andritzky, Jochen R. - International Monetary Fund (IMF) - 2012
government bond markets. The financial crisis broke this trend. Domestic financial institutions allocated a larger share of … points, respectively. The data show a varied lead-lag relationship between bond yields and investor holdings. Portfolio …
Persistent link: https://www.econbiz.de/10011242181
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Thailand; Financial Sector Assessment Program: Technical Note: Fixed Income Markets
International Monetary Fund (IMF); International … - 2009
This technical note focuses on fixed income markets for Thailand. The note recommends that Thailand should begin an orderly transition from merit-based regulation of corporate issuers and institutional investors to a disclosure-based regulatory system that opens the debt market to a larger and...
Persistent link: https://www.econbiz.de/10011243082
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What Determines Bond Market Development in Sub-Saharan Africa?
Adelegan, Olatundun Janet; Radzewicz-Bak, Bozena - International Monetary Fund (IMF) - 2009
This study empirically analyzes the determinants of bond market development in a cross section of 23 sub …-Saharan African (SSA) countries between 1990 and 2008. It considers the stage of development and the size of the bond market, as well … as the historical, structural, institutional and macroeconomic factors driving bond market development in SSA. The study …
Persistent link: https://www.econbiz.de/10008559281
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Uruguay; Request for Stand-By Arrangement—Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uruguay...
International Monetary Fund (IMF); International … - 2005
This paper examines Uruguay’s Request for a Stand-By Arrangement. Although the external current account shifted to a moderate deficit, mainly reflecting the recovery in imports, export performance has been robust, and gross international reserves are now about three-fourths their...
Persistent link: https://www.econbiz.de/10005252958
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The Role of Domestic Debt Markets in Economic Growth; An Empirical Investigation for Low-Income Countries and Emerging Markets
Abbas, S. M. Ali; Christensen, Jakob - International Monetary Fund (IMF) - 2007
We develop a new public domestic debt (DD) database covering 93 low-income countries and emerging markets over the 1975-2004 period to estimate the growth impact of DD. Moderate levels of non-inflationary DD, as a share of GDP and bank deposits, are found to exert a positive overall impact on...
Persistent link: https://www.econbiz.de/10005768875
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A Framework for Developing Secondary Markets for Government Securities
Ãrvai, Zsófia; Heenan, Geoffrey - International Monetary Fund (IMF) - 2008
This paper consolidates previous work on the development of secondary markets for government securities, and focuses on the sequencing of measures necessary for their development. Six main lessons are identified: (i) a commitment to achieving and maintaining a stable macroeconomic environment,...
Persistent link: https://www.econbiz.de/10005826193
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Israel; Staff Report for the 2009 Article IV Consultation
International Monetary Fund (IMF); International … - 2010
This staff report discusses Israel’s 2009 Article IV Consultation on economic developments and policies. The economy has been shielded from the global downturn by the absence of prior housing or bank credit booms, high household savings rates, and the fact that investment goods and...
Persistent link: https://www.econbiz.de/10011245067
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Mexico; Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement
International Monetary Fund (IMF); International … - 2011
Strong economic fundamentals, robust policy framework, and a sustained track record of excellent policy implementation have facilitated the maintenance of orderly economic conditions in Mexico even amidst the substantial external volatility during the global crisis. Executive Directors welcomed...
Persistent link: https://www.econbiz.de/10011245337
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The State of Public Finances Cross-Country Fiscal Monitor: November 2009
International Monetary Fund (IMF); International … - 2009
Persistent link: https://www.econbiz.de/10010878426
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Economic Growth and Integration in Central America
Schipke, Alfred; Desruelle, Dominique - International Monetary Fund (IMF) - 2007
How to entrench hard-won gains, increase resilience to shocks, and improve growth performance to reduce poverty? As Central America moves forward in regaining macroeconomic stability, these are the challenges. This study analyzes Central America’s real, fiscal, monetary, and financial...
Persistent link: https://www.econbiz.de/10005590924