Bank for International Settlements

RESEARCH - BIS Papers No. 5 - The changing shape of fixed income markets: a collection of studies by central bank economists.

October 2001

The papers in this volume analyse recent changes in the world's major fixed income markets. The introduction of the euro, structural changes in governments' fiscal positions, traumatic events such as the global financial market crisis of 1998, and advances in the technology of trading platforms are reshaping fixed income markets in Europe, Japan and the

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