Developing the Domestic Government Debt Market: From Diagnostics to Reform Implementation

Domestic government debt markets play a critical role in managing public debt effectively and reducing the vulnerability of developing countries to financial crises. Many aspects of debt markets - money, primary, and secondary markets; a diversified investor base; and sound securities custody and settlement systems and regulation - interact in complex ways and are affected by previous policies and developments. This book draws insights from 12 developing and emerging market country case studies.