THE A.P. STATE CO.OPERATIVE BANK LTD TROOP BAZAR: HYDERABAD

Firstly, Serbia should change the term structure of government bonds by shifting state debt from short to long-term maturities. This step will aid stability in debt man- agement as well as attract foreign investors. The Serbian bond market with govern- ment bonds is still underdeveloped; however, there is a promising transition pattern towards being a more mature market. This is important since; in general, emerging market debt managers face greater and more complex risks in managing their sov- ereign debt portfolio and executing their funding strategies than is the case in more advanced markets

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