Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 1998
Keywords: government debt, relationship lending, derivatives, variance ratio, bond, government bonds, stock exchange, bonds, bond yields
The paper documents institutional reforms that have taken place in the government debt markets of many industrial countries since the early 1980s, and investigates the impact of three key changes: (i) the move from...