Guidance Note For Developing Government Local Currency Bond Markets
DOWNLOAD
Download Guidance Note For Developing Government Local Currency Bond Markets PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Guidance Note For Developing Government Local Currency Bond Markets book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Guidance Note For Developing Government Local Currency Bond Markets
DOWNLOAD
Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2021-03-12
Guidance Note For Developing Government Local Currency Bond Markets written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-12 with Business & Economics categories.
This guidance note was prepared by International Monetary Fund (IMF) and World Bank Group staff under a project undertaken with the support of grants from the Financial Sector Reform and Strengthening Initiative, (FIRST).The aim of the project was to deliver a report that provides emerging market and developing economies with guidance and a roadmap in developing their local currency bond markets (LCBMs). This note will also inform technical assistance missions in advising authorities on the formulation of policies to deepen LCBMs.
Exploring The Role Of Foreign Investors In Russia S Local Currency Government Bond Ofz Market
DOWNLOAD
Author : Yinqiu Lu
language : en
Publisher: International Monetary Fund
Release Date : 2017-02-10
Exploring The Role Of Foreign Investors In Russia S Local Currency Government Bond Ofz Market written by Yinqiu Lu and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-02-10 with Business & Economics categories.
Local currency government bonds (OFZ bonds) are an important fixed-income instrument in Russia’s financial markets. In this paper, based on granular data, we explore the development of the OFZ bond market with a focus on foreign investors. As this fixed-income market has experienced a liberalization of the domestic trading and settlement infrastructure, and weathered several episodes of market stresses since the 2008–09 global financial crisis, the role of foreign investors can be observed along with these events. What we have found is that foreign investors had influenced the market before they became an important player and since then they have contributed to the development of the market while not necessarily destabilizing it in episodes of shocks.
Guidelines For Public Debt Management Amended
DOWNLOAD
Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2003-09-12
Guidelines For Public Debt Management Amended written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-09-12 with Business & Economics categories.
NULL
West African Economic And Monetary Union Selected Issues
DOWNLOAD
Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2022-03-02
West African Economic And Monetary Union Selected Issues written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-03-02 with Business & Economics categories.
Selected Issues
Local Currency Bond Markets A Diagnostic Framework
DOWNLOAD
Author : World Bank
language : en
Publisher: International Monetary Fund
Release Date : 2013-07-09
Local Currency Bond Markets A Diagnostic Framework written by World Bank and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-09 with Business & Economics categories.
In November 2011, the G-20 endorsed an action plan to support the development of local currency bond markets (LCBM). International institutions—the IMF, the World Bank, the EBRD, and the OECD—were asked to draw on their experience to develop a diagnostic framework (DF) to identify general preconditions, key components, and constraints for successful LCBM development. The objective is to provide a tool for analyzing the state of development and efficiency of local currency bond markets. The application of the DF is expected to be flexible, bearing in mind that the potential for LCBM development depends on economic size, financing needs, and stage of economic development.
Macroeconomic Developments And Prospects In Low Income Countries 2022
DOWNLOAD
Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2022-12-08
Macroeconomic Developments And Prospects In Low Income Countries 2022 written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-12-08 with Business & Economics categories.
Russia’s war in Ukraine and the related fallout have created a challenging external environment for the post-pandemic recovery of low-income countries (LICs). Food and commodity prices linger at elevated level with worsening food security. Global financial conditions tighten as major economies are fighting against inflation. The delay in LICs’ income per capita convergence to that of advanced economies (AEs) is expected to last into the medium term.
Fiscal Determinants Of Domestic Sovereign Bond Yields In Emerging Market And Developing Economies
DOWNLOAD
Author : Manabu Nose
language : en
Publisher: International Monetary Fund
Release Date : 2025-03-28
Fiscal Determinants Of Domestic Sovereign Bond Yields In Emerging Market And Developing Economies written by Manabu Nose and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-03-28 with Business & Economics categories.
Domestic sovereign bonds have become a growing source of government financing in Emerging Market and Developing Economies (EMDEs). This paper investigates the role of fiscal policies in determining domestic bond yields, and how this relationship varies depending on the debt structure. Specifically, the analysis highlights the interaction of fiscal policy with banking sector leverage and foreign investor holdings for government debt. A 1 percentage point increase in expected primary deficits results in a persistent increase in 10-year domestic bond yield by around 36 basis points over 2.5 years, with larger effects observed during the COVID-19 pandemic. This contrasts with external bond spreads which are more sensitive to external and global risk factors. The greater the reliance on domestic banks for deficit financing, the stronger the impact of loose fiscal policy on domestic bond yields. The shift in domestic debt financing towards domestic banks after the pandemic implies that sovereign yields have been increasingly interlinked with domestic banks’ investment behavior implying potential financial sector risks in major EMDEs.
Managing Foreign Exchange Rate Risk Capacity Development For Public Debt Managers In Emerging Market And Low Income Countries
DOWNLOAD
Author : Thordur Jonasson
language : en
Publisher: International Monetary Fund
Release Date : 2024-08-02
Managing Foreign Exchange Rate Risk Capacity Development For Public Debt Managers In Emerging Market And Low Income Countries written by Thordur Jonasson and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-08-02 with categories.
This paper presents some sound practices for foreign-currency risk management in developing countries and outlines instruments for managing sovereign debt portfolio currency exposures. Adoption of a debt management strategy with well-defined targets for foreign exchange risk is a critical element of public debt risk management. To this end, public debt managers often need to face with complex strategic and operational matters related to public debt hedging practices, including the use of derivatives. In this context, we highlight the main institutional challenges in the management of foreign exchange risk in sovereign debt portfolios and discuss the overall implementation of a foreign exchange risk-management strategy.
Staff Guidance Note On Macroprudential Policy
DOWNLOAD
Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2014-06-11
Staff Guidance Note On Macroprudential Policy written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-11 with Business & Economics categories.
This note provides guidance to facilitate the staff’s advice on macroprudential policy in Fund surveillance. It elaborates on the principles set out in the “Key Aspects of Macroprudential Policy,” taking into account the work of international standard setters as well as the evolving country experience with macroprudential policy. The main note is accompanied by supplements offering Detailed Guidance on Instruments and Considerations for Low Income Countries