Ten Lessons on Debt Market Development

5 Pages Posted: 25 Mar 2009

See all articles by Yibin Mu

Yibin Mu

International Monetary Fund; Harvard University; World Bank

Date Written: March 24, 2009


Recent financial crises, such as in East Asia in the late 1990s, in Latin America during the 1980s, in Mexico in 1994, and in Russia in 1998, have led to recognition, by both policy makers and academics, of the importance of a sound domestic debt market in supporting financial and economic growth and stability. The current global financial crisis has reinforced this view. This note aims to share ten lessons on domestic debt market development based on personal experience with such development over 17 years.

Keywords: Debt Market Development, Financial Market, Emerging Markets

JEL Classification: H63, G10, G18, E60, E61, E62

Suggested Citation

Mu, Yibin, Ten Lessons on Debt Market Development (March 24, 2009). Available at SSRN: https://ssrn.com/abstract=1367904 or http://dx.doi.org/10.2139/ssrn.1367904

Yibin Mu (Contact Author)

International Monetary Fund ( email )

1700 19th Street, NW
Washington, DC 20431
United States

Harvard University ( email )

Cambridge, MA 02138
United States

World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

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