The Polish Fixed-income Securities Market : Recent Developments and Selected Policy Challenges

The Polish Fixed-income Securities Market : Recent Developments and Selected Policy Challenges

This paper, on the Polish fixed-income securities market, reviews the recent evolution of the Polish fixed-income market and examines selected policy challenges ahead, with a special focus on the municipal bond market. The study demonstrates that d...

Full description

Bibliographic Details
Main Authors: Noel, Michel, Akamatsu, Noritaka, Brzeski, W. Jan, Segni, Carlo
Format: Publication
Language:English
en_US
Published: Washington, DC: World Bank 2012
Subjects:
ACCOUNTING
ASSET MANAGEMENT
AUTONOMY
BANKING SECTOR
BANKING SUPERVISION
BANKING SYSTEM
BANKRUPTCY
BANKS
BENCHMARKS
BONDS
CAPITAL EXPENDITURES
CENTRAL BANK
CENTRAL BANKS
CITIES
COLLATERAL
COMMERCIAL BANKS
COMPETITIVENESS
CORPORATE FINANCE
CREDIT RATINGS
CREDIT RISK
DEBT
DEPOSITS
DEVELOPMENT STRATEGY
DISCLOSURE
DIVIDENDS
EMERGING MARKETS
EXCESS LIQUIDITY
FEASIBILITY STUDY
FINANCIAL MARKET
FINANCIAL MARKETS
FINANCIAL REPORTING
FINANCIAL SECTOR
FINANCIAL SERVICES
FISCAL DECENTRALIZATION
FOREIGN EXCHANGE
GDP
GOVERNMENT BONDS
HOUSING
INEFFICIENCY
INFLATION
INSURANCE
INTEREST INCOME
INTEREST RATES
LATIN AMERICAN
LEVEL PLAYING FIELD
LIABILITY MANAGEMENT
LOCAL GOVERNMENT
LOCAL GOVERNMENT BORROWING
LOCAL GOVERNMENT BUDGETS
LOCAL GOVERNMENTS
MARKET ACCESS
MARKET CONDITIONS
MARKET DEVELOPMENT
MARKET DEVELOPMENTS
MARKET SEGMENT
MARKET SEGMENTS
MARKET TRANSPARENCY
MATURITIES
MATURITY
MONETARY POLICY
MONETARY POLICY OPERATIONS
MONEY MARKET
MORAL HAZARD
MUNICIPAL
MUNICIPAL BONDS
MUNICIPALITIES
NATIONAL ECONOMY
OTC
PACIFIC REGION
PRICING STRATEGY
PRIVATE PLACEMENT
PROPERTY TAX BASE
PUBLIC DEBT
RATING AGENCIES
REGULATORY FRAMEWORK
RESERVE REQUIREMENT
RETAIL
REVENUE BONDS
RISK MANAGEMENT
SALE
SECURITIES
SETTLEMENT SYSTEMS
SPREAD
STOCKS
SUBNATIONAL FINANCE
SUBNATIONAL GOVERNMENTS
SUBSIDIARY
SUBSTITUTION
SYSTEMIC RISK
T-BILLS
TRANSFERS OF ASSETS
TRANSPORT
TURNOVER
UNDERWRITERS
VALUE ADDED
VOLATILITY
Online Access:http://documents.worldbank.org/curated/en/2007/01/7229420/polish-fixed-income-securities-market-recent-developments-selected-policy-challenges
http://hdl.handle.net/10986/6634
Description
Summary:This paper, on the Polish fixed-income securities market, reviews the recent evolution of the Polish fixed-income market and examines selected policy challenges ahead, with a special focus on the municipal bond market. The study demonstrates that despite some progress, by which Poland has made great strides in developing key components of the fixed-income securities market, further measures can be taken by the authorities to develop the classic repo market, to further deepen the government bond market, to stimulate the development of the non-government bond market, and to reduce moral hazard and improve the level playing field on the sub-national bond market.

Similar Items