New Strategies for Emerging Domestic Sovereign Bond Markets in the Global

B

illion

s of

 U

S

 $

 

2000

2005

 

Source: OECD Development Centre, 2007; based on International Financial Statistics, IMF and 

Central Banks information, 2006. 

17

Blommestein and Santiso: New Strategies for Emerging Domestic Sovereign Bond Markets

Published by The Berkeley Electronic Press, 2007

---

GRAPH 10: INTERNATIONAL RESERVES AFTER REPAYMENTS IN 2006: ARGENTINA AND BRAZIL  

 

 

 

    Source: OECD Development Centre, 2007; based on International Financial Statistics, IMF and Central Banks information, 2006. 

20%

 

30%

 

40

50%

 

60

70%

80

90

Pre-Repayment

 

Post-Repayment

 

Pre-Repayment

 

Post-

Repayme

nt

 

Argentina 

Brazil 

(International Reserves in % of Public Sector Borrowing 

Requirements +Monetary Base)