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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.
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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.
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.
L’OCDE et l’Afrique du Sud vont ouvrir un centre destiné à aider les gouvernements africains à gérer leur dette publique et les marchés d’obligations à Midrand, en Afrique du Sud.
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.
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Europe has been beset by an interrelated banking crisis and sovereign debt crisis. Bond spreads faced by Greece and Ireland, and to a lesser extent Portugal followed by Spain, have increased. This paper explores these issues from the perspective of financial markets, focusing mainly on the four countries in the frontline of these pressures: Greece and Portugal, on the one hand, where the problems are primarily fiscal in nature; and