Gemloc Advisory Services Peer Group Dialogue

Pilot Peer Group Meeting

	Agenda (PDF)
	Country Participants
	Meeting Minutes

The Gemloc Advisory Services team has launched a Peer Group Dialogue Series, providing policy-makers with a quarterly online forum for sharing experiences and expertise.

Pilot Peer Group

The web-based dialogue series is kicking off with a small group meeting on March 31st, 2009. This first peer group will convene large emerging bond markets to discuss policy challenges facing them, including the current financial crisis. In the coming months, additional peer groups will be formed to address other key issues, and the goal is to involve all Gemloc countries. Materials from these dialogues will be shared on this website.

Eligible Pilot Participant Countries - Background
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1st Meeting: Impact of the Financial Crisis on Domestic Debt Markets. Policy makers from pilot peer group countries will discuss the impact and policy response actions to the current crisis. The discussion will focus on changes in government debt strategies and issuing practices to adapt to the challenging environment brought by the crisis.

Agenda (pdf)

**Country participants**
Country	Name	E-mail
Brazil	Guilherme Pedras Rodrigo Cabral Lena Carvalho	guilherme.pedras@fazenda.gov.br rodrigo.cabral@fazenda.gov.br lena.carvalho@fazenda.gov.br
Colombia	Viviana Lara William Ortiz	vlara@minhacienda.gov.co wortiz@minhacienda.gov.co
Hungary	Laszlo Buzas	buzasl@akk.hu
India	Rabi Sankar Tavarna	trabishankar@rbi.org.in
Malaysia	Kamilah Mohamad M Reeza Mustaffa	kamilah@bnm.gov.my reeza@bnm.gov.my
Mexico	Octavio Alfredo Lara Calderon Rodolfo Campos Villegas	octavio_lara@hacienda.gob.mx rodolfo_campos@hacienda.gob.mx
Poland	Anna Suszynska Marek Szczerbak	grzegorz.sielewicz@mofnet.gov.pl Marek.Szczerbak@mofnet.gov.pl
South Africa	Anthony Julies Phumzile Maseko Bheka Fakude	anthony.julies@treasury.gov.za phumzile.maseko@treasury.gov.za Bheka.Fakude@Treasury.gov.za
Turkey	M. Coskun Cangoz Ufuk Hazırolan	coskun.cangoz@hazine.gov.tr ufuk.hazirolan@hazine.gov.tr

General Reference and Publications

Gemloc Conference Papers and Notes

Topic	Author	Paper (PDF)	Notes (PDF)
A Virtuous Cycle in Local Currency Bond Markets?	John D. Burger Francis E. Warnock Veronica Cacdac Warnock	525 KB	86 KB
Pension Funds and Capital Market Development: How Much Bang for the Buck?	Claudio Raddatz Sergio L. Schmukler	803 KB	85 KB
Foreign Currency Debt, Financial Crisis and Economic Growth: A Policy Note for the Gemloc Project	Michael D. bordo Christopher M. Meissner	143 KB	126 KB

Gemloc Guest Commentary

Topic	Author	Document Size (PDF)
Rationale and Obstacles to the Development of Bond Markets in Emerging Economies	Barry Eichengreen	396 KB
Field of Dreams: Measures for Overcoming the Obstacles to Bond Market Development	Barry Eichengreen	314 KB

Other Publications

Gemloc Survey (PDF)
Euromoney Note 2008-2009 (PDF): "The development of deeper and more liquid local currency bond markets" by Silva, A. C. and García-Kilroy, C (2008) The Euromoney Emerging Markets Handbook 2008/09, pages 37-42.
Euromoney Note 2009-2010 (PDF): "Unlocking debt market development in times of crisis"
by Catiana García-Kilroy and Anderson Caputo Silva. “This article was originally published in The Euromoney Emerging Markets Handbook 2009/10. For further information, please visit www.euromoney-yearbooks.com/handbooks”
Government and Corporate Bond Market Development and the Crisis Impact (PDF)

Books on Debt Management and Markets

Topic	Author
Sound Practice in Government Debt Management	Wheeler, Graeme
Managing Public Debt: From Diagnostics to Reform Implementation	World Bank
Developing the Domestic Government Debt Market: From Diagnostics to Reform Implementation	World Bank
Guidelines for Public Debt Management	World Bank and IMF
Developing Government Bond Markets: A Handbook	World Bank and IMF
Guidelines for Public Debt Management: Accompanying Document	World Bank and IMF

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