Mr. Guilherme Pedras

First-Time International Bond Issuance—New Opportunities and Emerging Risks

International bond issuance by debut issuers has risen in recent years. The uptick was a result of both demand and supply factors. The search for yiel...

Financing for the Post-pandemic Recovery: Developing Domestic Sovereign Debt Markets in Central America

The pandemic has urged countries around the globe to mobilize financing to support the recovery. This is even more relevant in Central America, where ...

Managing Public Debt and its Financial Stability Implications

This paper explores the relationship between the level and management of public debt and financial stability, and explains the channels through which ...