OECD Journal: Financial Market Trends
- Continues
- Financial Market Trends
- Frequency :
- Semiannual
- ISSN :
- 1995-2872 (online)
- ISSN :
- 1995-2864 (print)
- DOI :
- 10.1787/19952872
The twice-yearly journal from OECD providing timely analyses and statistics on financial matters of topical interest and longer-term developments in specific financial sectors. Each issue provides a brief update of trends and prospects in the international and major domestic financial markets along with articles covering such topics as structural and regulatory developments in OECD financial systems, trends in foreign direct investment, trends in privatization, and financial sector statistics covering areas such as bank profitability, insurance, and institutional investors.
Periodically, a small number of articles within one field of financial sector developments – constituting the so-called special focus for the particular issue – may be included.
Now published as part of the OECD Journal package.
Use of derivatives for debt management and domestic debt market development
Key conclusions
- Publication Date
- 29 May 2008
- Pages
- 9
- Bibliographic information
-
- No.:
- 9,
- Volume:
- 2008,
- Issue:
- 1
- Pages
- 223–235
- DOI
- 10.1787/fmt-v2008-art9-en
The Ninth OECD/World Bank/IMF Annual Global Bond Market Forum held on 22-23 May 2007 in Paris, France, highlighted that there has been very sharp growth in the use of derivative instruments in both mature and emerging market countries. The use of derivative instruments is helping public debt managers in their portfolio management operations and in supporting market development. Several institutional and structural impediments, however, remain toward the more active use of derivative products. Most developed market debt managers use derivative instruments for debt management purposes, while this is the case for only a handful of emerging markets. Several emerging markets, though, are taking steps towards developing the legal environment necessary to support derivative markets, and are addressing the challenges posed by illiquidity of the underlying cash market, deficiencies in prudential regulation, and restrictions on market participation.