Supporting Local Bond Market Development : How Can Development Banks Foster Domestic Capital Markets?
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 illiquidit...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English |
| Published: |
International Finance Corporation, Washington, DC
2018
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| Subjects: | |
| 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 |
| Summary: | 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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