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

Michel Noel, Noritaka Akamatsu, W. Jan Brzeski, Carlo Segni and Michel Noel

No 6634 in World Bank Publications - Books from The World Bank Group

Abstract: 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.

Keywords: Economic; Theory; and; Research; Banks; and; Banking; Reform; Finance; and; Financial; Sector; Development-Financial; Intermediation; Macroeconomics; and; Economic; Growth-Markets; and; Market; Access; Urban; Development-Municipal; Financial; Management (search for similar items in EconPapers)
Date: 2007
ISBN: 0-8213-6892-3
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbpubs:6634

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