The paper argues that judgements play an important role in determining appropriate trade-offs when making issuance choices. The result of the determination of cost and risk factors and judgements about trade-offs is usually a relatively balanced issuance split across the maturity spectrum, along both the nominal and real yield curves.
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The OECD Statistical Yearbook on African Central Government Debt provides comprehensive quantitative information on African central government debt instruments, including both marketable and non-marketable debt.
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Although securitisation issuance has slumped in recent years with both the US and European markets having become increasingly dependent on central bank and government support, the securisation market is expected to recover over a long term horizon.
This report examines the interplay between banking competition and financial stability, taking into account the consequences of the recent global crisis and the policy responses it provoked.
The OECD and the South African government launch a centre to encourage co-operation among African debt managers and to support the development of sound practices in public debt and cash management.
Organised in Midrand, the 5th Annual Forum on African Public Debt Management focussed on current priorities relating to African public debt management and bond markets.
OECD and the South African government have created a centre to encourage co-operation among African debt managers and to support the development of sound practices in public debt and cash management.
The OECD and South Africa will open a centre to help African governments manage their debt and bond markets in Midrand, South Africa.
Discussions at the forum focused on latest developments in global bond markets, including the impact of the financial crisis on market functioning and debt levels and other emerging issues.
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New restrictions on the short selling of sovereign debt have been proposed in response to major threats to financial market stability and market confidence. This article voices the concerns of debt managers that the proposed changes could push their borrowing costs up.