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Item Details
Title: BOND MARKETS, TREASURY AND DEBT MANAGEMENT
THE ITALIAN CASE
By: Vittorio Conti (Editor), Rony Hamaui (Editor), H. M. Scobie (Editor)
Format: Paperback

List price: £109.99


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ISBN 10: 9401045291
ISBN 13: 9789401045292
Publisher: SPRINGER
Pub. date: 28 September, 2012
Edition: Softcover reprint of the original 1st ed. 1994
Pages: 246
Synopsis: Until not too many years ago, the Italian government bond market, though the third largest in the world in terms of size, was characterised by numerous inefficiencies and problems regarding both policy in managing the public debt and the operation of the market. These aspects tended to isolate the Italian market from the international fmancial community and to keep large, international investors away from our market. As the situation with Italy's public finances grew worse and with financial markets being deregulated and expanding internationally, several direct measures were taken in recent years to encourage an even greater recourse to the Italian government securities market and to improve it's efficiency. Innovations in techniques for issuing government bonds, the creation of an automated trading system for Italian state securities, and the launch of a futures market in Italy, too, have all been useful measures in getting the Italian market closer to international standards.The measures adopted by economic policy authorities have often been inspired by the works developed by various study groups instituted by the treasury Ministry as well as by research coming from the academic world. Likewise, many measures aimed at improving the government bond market have been realised thanks to the important contribution of the trade associations and the main financial intermediaries operating in Italy, whose studies, suggestions and proposals have been based on operating expertise built up over decades.
Illustrations: biography
Publication: Netherlands
Imprint: Springer
Returns: Returnable
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