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Reducing financial vulnerability: the development of the domestic government bond market in Mexico

Author

Listed:
  • Serge Jeanneau
  • Carlos Perez Verdia

Abstract

There is broad evidence that various initiatives undertaken by the Mexican government have been successful in helping to develop the domestic government bond market. The market has grown rapidly, its maturity structure has lengthened and secondary market liquidity has improved. Primary market auctions have also become more efficient. Notwithstanding these significant advances, some vulnerabilities remain.

Suggested Citation

  • Serge Jeanneau & Carlos Perez Verdia, 2005. "Reducing financial vulnerability: the development of the domestic government bond market in Mexico," BIS Quarterly Review, Bank for International Settlements, December.
  • Handle: RePEc:bis:bisqtr:0512h
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    References listed on IDEAS

    as
    1. José Julian Sidaoui, 2002. "The role of the central bank in developing debt markets in Mexico," BIS Papers chapters,in: Bank for International Settlements (ed.), The development of bond markets in emerging economies, volume 11, pages 151-164 Bank for International Settlements.
    2. John D. Burger & Francis E. Warnock, 2003. "Diversification, original sin, and international bond portfolios," International Finance Discussion Papers 755, Board of Governors of the Federal Reserve System (U.S.).
    3. Claudio Borio & Frank Packer, 2004. "Assessing new perspectives on country risk," BIS Quarterly Review, Bank for International Settlements, December.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. repec:idb:idbbks:349 is not listed on IDEAS
    2. Augusto de la Torre & Sergio L. Schmukler, 2007. "Emerging Capital Markets and Globalization : The Latin American Experience," World Bank Publications, The World Bank, number 7187, September.

    More about this item

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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