Showing 1 - 10 of 8,582
This paper-consisting of a regional study and seven country studies-reviews the state of domestic public debt markets … account for the lion's share of capital markets, regional public debt markets remain underdeveloped for a variety of reasons …. The problems of small scale, dollarization, and weak public finances in many countries are compounded by poor structure …
Persistent link: https://www.econbiz.de/10005825635
This paper assesses Burkina Faso’s 2003 Article IV Consultation and a Request for a New Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). Burkina Faso’s performance under PRGF-supported programs during 1993–2002 and in implementing the policy...
Persistent link: https://www.econbiz.de/10005768445
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
resolve to strengthen transparency in public finance management, promote good governance, and combat corruption has been …
Persistent link: https://www.econbiz.de/10005591084
During the 1970s, U.S. Treasury officials revised the framework within which they selected the maturities of new notes and bonds. Previously, they chose maturities on an offering-by-offering basis. By 1982, the Treasury had ceased these "tactical" sales and was selling notes and bonds on a...
Persistent link: https://www.econbiz.de/10005372880
the robust economic activity, and the decline in public debt and external reserves. Directors stressed the need for strong …
Persistent link: https://www.econbiz.de/10011244617
This paper examines empirically U.S. broad money demand emphasizing the role of financial market risk. We find that money demand rises with the liquidity risk of stock markets or the credit risk of corporate bond markets. After controlling for the effect of financial market risk, money demand...
Persistent link: https://www.econbiz.de/10005248246
rate determination is elaborated and estimated for the G-7, with explicit emphasis on capital flows and public savings. The …
Persistent link: https://www.econbiz.de/10005248260
This article describes the evolution of Treasury inflation-indexed debt securities (TIIS) since their introduction in 1997. Over most of this period, TIIS yields have been surprisingly high relative to those on comparable nominal Treasury securities, with the spread between the nominal and...
Persistent link: https://www.econbiz.de/10005372925
; (ii) a sound and transparent public debt management strategy supports secondary market activity; (iii) a deep and diverse …
Persistent link: https://www.econbiz.de/10005826193