Developing Government Bond Markets : A Handbook

This handbook is designed as a reference source for two distinct user groups involved in the development of government bonds markets: 1) senior government officials responsible for developing the government bond market; and 2) individuals responsible for guiding the market development process at the operational level, and who have a substantial need to understand the policy issues involved. The handbook is structured as follows: Chapter 1 provides an overview of certain policy considerations relevant to developing a government bond market. This overview considers key issues, but at a level of generality appropriate for senior govenrment offcials responsible for making key strategic decisions. The remaining eleven chapters present more detailed discussions of key policy issues, including substantive considerations relating to implementation. The handbook's primary emphasis, however, focuses on the policy dimension of developing medium-and long-term bond markets. It is not intended as a technical manual for use by individuals engaged in day-to-day implementation or operations. The handbook also provides bibliographic and website references for those interested in pursuing further issues covered. A comprehensive glossary of terms related to securities markets appears at the end of the handbook.

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Bibliographic Details
Main Authors: World Bank, International Monetory Fund
Language:English
en_US
Published: Washington, DC 2001-07
Subjects:BANK LOANS, BENCHMARK, BOND MARKETS, BONDS, BORROWING, BUDGET DEFICITS, CAPITAL ALLOCATION, CAPITAL FLOWS, CAPITAL GAINS, CAPITAL MARKETS, CENTRAL BANK, CENTRAL BANKS, COMMERCIAL BANKS, CONTAGION, CONTRACTUAL SAVINGS, COUPONS, DEBT, DEREGULATION, DERIVATIVES, DEVELOPED COUNTRIES, DEVELOPMENT STRATEGIES, ECONOMIC COOPERATION, EMERGING MARKET ECONOMIES, EXCHANGE RATE, EXCHANGE RATE VOLATILITY, EXCHANGE TRANSACTIONS, FINANCIAL ASSETS, FINANCIAL CRISES, FINANCIAL CRISIS, FINANCIAL INSTRUMENTS, FINANCIAL MARKETS, FINANCIAL PRODUCTS, FINANCIAL RESOURCES, FINANCIAL SECTOR, FISCAL POLICIES, FISCAL POLICY, GOVERNMENT BONDS, GOVERNMENT SECURITIES, HOUSING, HOUSING FINANCE, INCOME, INFLATION, INSURANCE, INSURANCE COMPANIES, INTEREST PAYMENTS, INTEREST RATE, INTEREST RATES, INTERNATIONAL MONETARY FUND, LIQUIDITY, MACROECONOMIC POLICIES, MACROECONOMIC POLICY, MARKET DISCIPLINE, MARKET ECONOMIES, MARKET INSTRUMENTS, MARKET RISK, MONETARY AUTHORITIES, MONETARY POLICIES, MONETARY POLICY, MONETARY POLICY OPERATIONS, MONEY MARKETS, MONEY SUPPLY, MORAL HAZARD, MORTGAGES, MUTUAL FUNDS, NATIONAL ECONOMIES, OPEN MARKET OPERATIONS, PENSION FUNDS, PENSIONS, POLICY INSTRUMENTS, PORTFOLIOS, PRIVATIZATION, PUBLIC EXPENDITURES, REGULATORY FRAMEWORK, RISK MANAGEMENT, RISK PREMIA, RISK PREMIUM, SAVINGS, SECURITIES MARKETS, TAX REVENUES, TAXATION, TRADING SYSTEMS, TRANSACTION COSTS, TRANSPARENCY, TREASURY BILLS, UNDERWRITING,
Online Access:http://documents.worldbank.org/curated/en/2001/07/1574644/developing-government-bond-markets-handbook
https://hdl.handle.net/10986/13865
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Summary:This handbook is designed as a reference source for two distinct user groups involved in the development of government bonds markets: 1) senior government officials responsible for developing the government bond market; and 2) individuals responsible for guiding the market development process at the operational level, and who have a substantial need to understand the policy issues involved. The handbook is structured as follows: Chapter 1 provides an overview of certain policy considerations relevant to developing a government bond market. This overview considers key issues, but at a level of generality appropriate for senior govenrment offcials responsible for making key strategic decisions. The remaining eleven chapters present more detailed discussions of key policy issues, including substantive considerations relating to implementation. The handbook's primary emphasis, however, focuses on the policy dimension of developing medium-and long-term bond markets. It is not intended as a technical manual for use by individuals engaged in day-to-day implementation or operations. The handbook also provides bibliographic and website references for those interested in pursuing further issues covered. A comprehensive glossary of terms related to securities markets appears at the end of the handbook.