Supporting Local Bond Market Development
Domestic capital markets are a vital source of stable, sustainable finance, and underpin a private sector associated with employment and economic growth. Yet capital markets are underdeveloped across the emerging-market world, leading to illiquidity, elevated transaction costs, and other inefficiencies. Development banks can help foster stronger capital markets through local bond issuances, partial credit guarantees, anchor investments, risk sharing, and securitization assistance.
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| Main Authors: | , |
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| Format: | Brief biblioteca |
| Language: | English |
| Published: |
International Finance Corporation, Washington, DC
2016-04
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| Subjects: | EMERGING MARKET ECONOMIES, BOND MARKET, BONDS, CAPITAL MARKET, DEVELOPMENT BANKS, RISK MANAGEMENT, SECURITIZATION, CREDIT GUARANTEES, |
| Online Access: | http://documents.worldbank.org/curated/en/883451467994632798/Supporting-local-bond-market-development-how-can-development-banks-foster-domestic-capital-markets http://hdl.handle.net/10986/30335 |
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