Debt management and government securities markets in the 21st century.
Gespeichert in:
| Körperschaft: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Paris, France :
OECD, Organisation for Economic Co-operation and Development,
2002.
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| Schlagworte: | |
| Online Zugang: | http://new.sourceoecd.org/9264198075 Table of contents |
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| 245 | 0 | 0 | |a Debt management and government securities markets in the 21st century. |
| 260 | |a Paris, France : |b OECD, Organisation for Economic Co-operation and Development, |c 2002. | ||
| 300 | |a 193 p. : |b ill. (some col.), col. map ; |c 23 cm. | ||
| 504 | |a Includes bibliographical references. | ||
| 505 | 0 | 0 | |a Machine derived contents note: Chapter I -- Overview of Trends and Recent Changes in the Structure -- of OECD Public Debt Markets and Debt Management Operations -- -- I. Introduction 9 -- II. The development of liquid public debt markets in the OECD area 9 -- III. Trends in North American debt markets 16 -- IV. The emergence of a pan-European public debt market 19 -- V. Trends and recent developments in the Asian-Pacific public debt markets 29 -- VI. Trends in emerging bond markets 31 -- VII. Policy issues during periods of reduced net borrowing requirements -- and declining public debt 34 -- VIII. The growing importance of electronic systems in primary -- and secondary markets 37 -- IX. Trends in the organisation of debt management offices 40 -- X. The use of derivatives by debt managers and market participants 42 -- XI. Policy conclusions 44 -- Notes 48 -- -- -- Chapter 2 -- Overview of Policy Objectives and Characteristics -- of Public Debt and Debt Holdings -- -- I. Introduction 51 -- II. Policy objectives of debt managers 51 -- III. Overview of the characteristics of public debt 53 -- IV. Overview of debt instruments 54 -- V. The use of financial derivatives by debt managers 56 -- VI. Duration and maturity of the domestic debt 56 -- VII. Information on resident and non-resident holdings 59 -- -- -- -- Chapter 3 -- -- I. Executive summary 61 -- II. Overview 61 -- III. Responses to individual questions 62 -- Annex: Questionnaire - Experience with Government Indexed Bonds 70 -- -- Chapter 4 -- -- I. Introduction and executive summary 73 -- II. Electronic auction systems 74 -- III. Should issuers develop their own electronic auction systems? 76 -- IV. Syndication and electronic bond issuance 77 -- V. Issuance to retail investors 78 -- VI. The future of primary dealers 79 -- VII. The future of primary debt markets 80 -- VIII. Concluding remarks 81 -- Notes 82 -- References 82 -- -- -- Chapter 5 -- The impact of Electronic Systems on Secondary Markets -- -- I. Introduction 83 -- II. Penetration of electronic trading systems 84 -- III. Factors affecting the use of electronic trading systems 84 -- IV. Definition and characteristics of electronic trading systems 85 -- V. Overview of ETS in OECD countries 86 -- VI. The impact of ETS on the secondary market structure 87 -- VI. Competition between system providers 91 -- VIII. The future of secondary debt markets 93 -- IX. Concluding remarks 95 -- Annex: Types of Electronic Trading Systems 96 -- Notes 98 -- References 99 -- -- -- Chapter 6 -- -- I. Introduction 101 -- II. Overview and assessment of the factors shaping the trend to autonomous -- debt offices 102 -- III. Features of an Autonomous Debt Management Agency (ADMA) 109 -- -- -- -- -- IV. Selected results of the survey on the institutional arrangements -- for debt management inOECD countries 118 -- V. The future organisation of debt management agencies 127 -- Notes 133 -- -- Chapter 7 -- -- I. Overview 135 -- II. Scope of risk management operations 136 -- III. Risk management governance 137 -- IV. Market Risk Management 138 -- V. Credit Risk Management 139 -- VI. Liquidity Risk Management 140 -- VII. Operational Risk Management 141 -- VIII. Legal Risk Management 141 -- Annex: Summary of the Detailed Responses to the Questionnaire 142 -- -- Chapter 8 -- -- -- I. Introduction 149 -- II. Confidentiality 149 -- III. Overall conclusions 150 -- IV. Discussion points 152 -- V. Investor relations strategy 152 -- VI. Responsibility for investor relations activities 154 -- VII. Investors 154 -- VIII. Foreign-currency debt 157 -- IX. Effectiveness of intermediaries 158 -- X. Specific investor relations activities 159 -- -- Chapter 9 -- Challenges for Debt Management in Emerging Bond Markets -- -- I. Introduction 169 -- II. Overview of problems and issues in emerging fixed-income -- securities markets 172 -- III. Contribution of government securities markets and public debt -- management to the development of corporatesecurities markets 179 -- V. The role of cross-border capital flows in the development of domestic -- bond markets 182 -- V. Obstacles in developing emerging fixed-income securities markets 183 -- VI. Conclusions and policy actions 188 -- Notes 192. |
| 650 | 0 | |a Debts, Public. | |
| 650 | 0 | |a Government securities. | |
| 653 | |a Economics |a Public Debt. | ||
| 710 | 2 | |a Organisation for Economic Co-operation and Development. | |
| 856 | 4 | 0 | |u http://new.sourceoecd.org/9264198075 |
| 856 | 4 | 1 | |3 Table of contents |u http://www.loc.gov/catdir/toc/fy041/2003464533.html |
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