Today, investors can easily buy bonds issued in a variety of emerging market (EM) currencies and choose from a broad selection of issuers. Over the last three years, for example, investors could buy World...
The last few years have not been kind to the structured products industry. The global financial crisis that began in 2008 with the implosion of the US sub-prime mortgage-backed securities market threw...
This brief talks about lending World Bank bonds to Japan. 2011 marks the 40th anniversary of the first public bond issue by the International Bank for Reconstruction and Development (the World Bank) in...
This brief talks about the catastrophe bond market which came into being in the early nineties. In response to requests from its member countries, the World Bank has developed a menu of innovative financial...
The capital markets will need to play an important role in mobilizing private funding for climate change mitigation and adaptation projects. However, to raise the funds required to make an impact in the...
Participants in international capital markets traditionally gather in London every June at the annual Euromoney borrowers and investors conference. Investment bankers and their clients like to take the...
Natural disasters have taken a human toll for centuries. They have engendered numerous myths and are part of world history, witness the ruins of Herculanum and Pompei. Over the last few decades, however...
In today’s highly institutionalized and technology-dominated securities markets, placing government paper with individual investors has been an elusive goal for many public debt officials. Collective investment...
Describing the Islamic financial system simply as interest-free does not do justice to the system. Promotion of entrepreneurship, preservation of property rights, transparency, and the sanctity of contractual...
The removal of capital controls is one of the most powerful economic policy moves a government can undertake, after it has achieved a reasonable degree of macroeconomic stability, liberalized its domestic...