This summary, which represents my personal experience in helping a number of countries to develop their domestic debt markets, will focus on operational issues. My views do not necessarily reflect the experiences of the United States Treasury debt managers, nor do they represent Treasury or United States policy on any of the subjects addressed. These remarks were made at a panel comprising a number of other experts, each of whom took a separate part. This contribution should therefore be viewed in connection with the remarks made by my colleagues on the Risk Management Panel. Finally, this summary was created after the fact and may contain additional material, although I attempted to limit the written summary to the oral original.
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