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

Author

Listed:
  • Michel Noel
  • Noritaka Akamatsu
  • W. Jan Brzeski
  • Carlo Segni

Abstract

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.

Suggested Citation

  • Michel Noel & Noritaka Akamatsu & W. Jan Brzeski & Carlo Segni, 2007. "The Polish Fixed-income Securities Market : Recent Developments and Selected Policy Challenges," World Bank Publications - Books, The World Bank Group, number 6634.
    • Handle: RePEc:wbk:wbpubs:6634
    as

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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/6634/380620PL0Secur101OFFICIAL0USE0ONLY1.pdf?sequence=1
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    References listed on IDEAS

    as
    1. Michel Noel & W. Jan Brzeski, 2005. "Mobilizing Private Finance for Local Infrastructure in Europe and Central Asia : An Alternative Public Private Partnership Framework," World Bank Publications - Books, The World Bank Group, number 7333, December.
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