Series: IMF Working Papers
Author(s): Yinqiu Lu , and Dmitry Yakovlev
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 February 2017
Keywords: Europe, Bond markets, Bonds, Currencies, Russian Federation, Foreign investment, International financial markets, Supply and demand, local currency government bonds; Russia; financial market development, local currency government bonds
Local currency government bonds (OFZ bonds) are an important fixed-income instrument in Russia's financial markets. In this paper, based on granular data, we explore the development of the OFZ bond market with a fo...