In the face of globalization, countries worldwide must strengthen and deepen their financial systems to achieve growth and alleviate poverty.
FS Series #12: Developing Government Bond Markets – Primer, Diagnostic.
Paper | October 31, 2010
The objective of this primer is to help identify the reforms required to develop an efficient government securities markets, both for the primary market in which government securities are issued and for the secondary market in which government securities are traded.
The objective of this deliverable is to help United States government economic growth program designers identify reforms to facilitate the development of efficient government securities markets (GSMs), for the primary market in which government securities (GS) are issued and for the secondary market in which GS are traded. It presents case studies based on recent emerging-market country experiences to illustrate how some preconditions and sound market practices (SMPs) have been practically implemented in GS markets.