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

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 d...

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Main Authors: Noel, Michel, Akamatsu, Noritaka, Brzeski, W. Jan, Segni, Carlo
Format: Publication
Language:English
en_US
Published: Washington, DC: World Bank 2012
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2007/01/7229420/polish-fixed-income-securities-market-recent-developments-selected-policy-challenges
http://hdl.handle.net/10986/6634
id okr-10986-6634
recordtype oai_dc
spelling okr-10986-66342021-04-23T14:02:26Z The Polish Fixed-income Securities Market : Recent Developments and Selected Policy Challenges Noel, Michel Akamatsu, Noritaka Brzeski, W. Jan Segni, Carlo ACCOUNTING ASSET MANAGEMENT AUTONOMY BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKRUPTCY BANKS BENCHMARKS BONDS CAPITAL EXPENDITURES CENTRAL BANK CENTRAL BANKS CITIES COLLATERAL COMMERCIAL BANKS COMPETITIVENESS CORPORATE FINANCE CREDIT RATINGS CREDIT RISK DEBT DEPOSITS DEVELOPMENT STRATEGY DISCLOSURE DIVIDENDS EMERGING MARKETS EXCESS LIQUIDITY FEASIBILITY STUDY FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL SERVICES FISCAL DECENTRALIZATION FOREIGN EXCHANGE GDP GOVERNMENT BONDS HOUSING INEFFICIENCY INFLATION INSURANCE INTEREST INCOME INTEREST RATES LATIN AMERICAN LEVEL PLAYING FIELD LIABILITY MANAGEMENT LOCAL GOVERNMENT LOCAL GOVERNMENT BORROWING LOCAL GOVERNMENT BUDGETS LOCAL GOVERNMENTS MARKET ACCESS MARKET CONDITIONS MARKET DEVELOPMENT MARKET DEVELOPMENTS MARKET SEGMENT MARKET SEGMENTS MARKET TRANSPARENCY MATURITIES MATURITY MONETARY POLICY MONETARY POLICY OPERATIONS MONEY MARKET MORAL HAZARD MUNICIPAL MUNICIPAL BONDS MUNICIPALITIES NATIONAL ECONOMY OTC PACIFIC REGION PRICING STRATEGY PRIVATE PLACEMENT PROPERTY TAX BASE PUBLIC DEBT RATING AGENCIES REGULATORY FRAMEWORK RESERVE REQUIREMENT RETAIL REVENUE BONDS RISK MANAGEMENT SALE SECURITIES SETTLEMENT SYSTEMS SPREAD STOCKS SUBNATIONAL FINANCE SUBNATIONAL GOVERNMENTS SUBSIDIARY SUBSTITUTION SYSTEMIC RISK T-BILLS TRANSFERS OF ASSETS TRANSPORT TURNOVER UNDERWRITERS VALUE ADDED VOLATILITY 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. 2012-05-30T13:31:27Z 2012-05-30T13:31:27Z 2007 http://documents.worldbank.org/curated/en/2007/01/7229420/polish-fixed-income-securities-market-recent-developments-selected-policy-challenges 0-8213-6892-3 http://hdl.handle.net/10986/6634 English en_US World Bank Working Paper; No. 91 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication Europe and Central Asia Poland
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCOUNTING
ASSET MANAGEMENT
AUTONOMY
BANKING SECTOR
BANKING SUPERVISION
BANKING SYSTEM
BANKRUPTCY
BANKS
BENCHMARKS
BONDS
CAPITAL EXPENDITURES
CENTRAL BANK
CENTRAL BANKS
CITIES
COLLATERAL
COMMERCIAL BANKS
COMPETITIVENESS
CORPORATE FINANCE
CREDIT RATINGS
CREDIT RISK
DEBT
DEPOSITS
DEVELOPMENT STRATEGY
DISCLOSURE
DIVIDENDS
EMERGING MARKETS
EXCESS LIQUIDITY
FEASIBILITY STUDY
FINANCIAL MARKET
FINANCIAL MARKETS
FINANCIAL REPORTING
FINANCIAL SECTOR
FINANCIAL SERVICES
FISCAL DECENTRALIZATION
FOREIGN EXCHANGE
GDP
GOVERNMENT BONDS
HOUSING
INEFFICIENCY
INFLATION
INSURANCE
INTEREST INCOME
INTEREST RATES
LATIN AMERICAN
LEVEL PLAYING FIELD
LIABILITY MANAGEMENT
LOCAL GOVERNMENT
LOCAL GOVERNMENT BORROWING
LOCAL GOVERNMENT BUDGETS
LOCAL GOVERNMENTS
MARKET ACCESS
MARKET CONDITIONS
MARKET DEVELOPMENT
MARKET DEVELOPMENTS
MARKET SEGMENT
MARKET SEGMENTS
MARKET TRANSPARENCY
MATURITIES
MATURITY
MONETARY POLICY
MONETARY POLICY OPERATIONS
MONEY MARKET
MORAL HAZARD
MUNICIPAL
MUNICIPAL BONDS
MUNICIPALITIES
NATIONAL ECONOMY
OTC
PACIFIC REGION
PRICING STRATEGY
PRIVATE PLACEMENT
PROPERTY TAX BASE
PUBLIC DEBT
RATING AGENCIES
REGULATORY FRAMEWORK
RESERVE REQUIREMENT
RETAIL
REVENUE BONDS
RISK MANAGEMENT
SALE
SECURITIES
SETTLEMENT SYSTEMS
SPREAD
STOCKS
SUBNATIONAL FINANCE
SUBNATIONAL GOVERNMENTS
SUBSIDIARY
SUBSTITUTION
SYSTEMIC RISK
T-BILLS
TRANSFERS OF ASSETS
TRANSPORT
TURNOVER
UNDERWRITERS
VALUE ADDED
VOLATILITY
spellingShingle ACCOUNTING
ASSET MANAGEMENT
AUTONOMY
BANKING SECTOR
BANKING SUPERVISION
BANKING SYSTEM
BANKRUPTCY
BANKS
BENCHMARKS
BONDS
CAPITAL EXPENDITURES
CENTRAL BANK
CENTRAL BANKS
CITIES
COLLATERAL
COMMERCIAL BANKS
COMPETITIVENESS
CORPORATE FINANCE
CREDIT RATINGS
CREDIT RISK
DEBT
DEPOSITS
DEVELOPMENT STRATEGY
DISCLOSURE
DIVIDENDS
EMERGING MARKETS
EXCESS LIQUIDITY
FEASIBILITY STUDY
FINANCIAL MARKET
FINANCIAL MARKETS
FINANCIAL REPORTING
FINANCIAL SECTOR
FINANCIAL SERVICES
FISCAL DECENTRALIZATION
FOREIGN EXCHANGE
GDP
GOVERNMENT BONDS
HOUSING
INEFFICIENCY
INFLATION
INSURANCE
INTEREST INCOME
INTEREST RATES
LATIN AMERICAN
LEVEL PLAYING FIELD
LIABILITY MANAGEMENT
LOCAL GOVERNMENT
LOCAL GOVERNMENT BORROWING
LOCAL GOVERNMENT BUDGETS
LOCAL GOVERNMENTS
MARKET ACCESS
MARKET CONDITIONS
MARKET DEVELOPMENT
MARKET DEVELOPMENTS
MARKET SEGMENT
MARKET SEGMENTS
MARKET TRANSPARENCY
MATURITIES
MATURITY
MONETARY POLICY
MONETARY POLICY OPERATIONS
MONEY MARKET
MORAL HAZARD
MUNICIPAL
MUNICIPAL BONDS
MUNICIPALITIES
NATIONAL ECONOMY
OTC
PACIFIC REGION
PRICING STRATEGY
PRIVATE PLACEMENT
PROPERTY TAX BASE
PUBLIC DEBT
RATING AGENCIES
REGULATORY FRAMEWORK
RESERVE REQUIREMENT
RETAIL
REVENUE BONDS
RISK MANAGEMENT
SALE
SECURITIES
SETTLEMENT SYSTEMS
SPREAD
STOCKS
SUBNATIONAL FINANCE
SUBNATIONAL GOVERNMENTS
SUBSIDIARY
SUBSTITUTION
SYSTEMIC RISK
T-BILLS
TRANSFERS OF ASSETS
TRANSPORT
TURNOVER
UNDERWRITERS
VALUE ADDED
VOLATILITY
Noel, Michel
Akamatsu, Noritaka
Brzeski, W. Jan
Segni, Carlo
The Polish Fixed-income Securities Market : Recent Developments and Selected Policy Challenges
geographic_facet Europe and Central Asia
Poland
relation World Bank Working Paper; No. 91
description 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.
format Publications & Research :: Publication
author Noel, Michel
Akamatsu, Noritaka
Brzeski, W. Jan
Segni, Carlo
author_facet Noel, Michel
Akamatsu, Noritaka
Brzeski, W. Jan
Segni, Carlo
author_sort Noel, Michel
title The Polish Fixed-income Securities Market : Recent Developments and Selected Policy Challenges
title_short The Polish Fixed-income Securities Market : Recent Developments and Selected Policy Challenges
title_full The Polish Fixed-income Securities Market : Recent Developments and Selected Policy Challenges
title_fullStr The Polish Fixed-income Securities Market : Recent Developments and Selected Policy Challenges
title_full_unstemmed The Polish Fixed-income Securities Market : Recent Developments and Selected Policy Challenges
title_sort polish fixed-income securities market : recent developments and selected policy challenges
publisher Washington, DC: World Bank
publishDate 2012
url http://documents.worldbank.org/curated/en/2007/01/7229420/polish-fixed-income-securities-market-recent-developments-selected-policy-challenges
http://hdl.handle.net/10986/6634
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