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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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 |
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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 |
_version_ |
1764398205293821952 |