Understanding States' Debt and Bond Markets

Radhika Pandey, Madhur Mehta (), Bency Ramakrishnan () and Utsav Saksena
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Madhur Mehta: National Institute of Public Finance and Policy
Bency Ramakrishnan: National Institute of Public Finance and Policy
Utsav Saksena: National Institute of Public Finance and Policy

Working Papers from National Institute of Public Finance and Policy

Abstract: This paper presents a comprehensive set of stylised facts on state governmentdebt markets in India.Based on the analysis of facts,it highlights some challenges pertaining to the debt market for states.Shallow liquidity,absence of risk asymmetry and concentrated borrowings by a few the realm of state market borrowings.The paperproposes some policy reforms to improve efficient and functional market for state government securities in India.

Pages: 35
Date: 2024-06
New Economics Papers: this item is included in nep-fmk
Note: Working Paper 410, 2024
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