1 “...OECD governments are facing unprecedented challenges in the markets for government securities as a...”

2 “.... Second, exchanges and buybacks allow debt managers to increase the issuance of on-the-run securities...”

3 “... channels and total dematerialisation of securities...”

4 “...OECD governments are facing ongoing challenges in the markets for government securities as a result...”

5 “... in developing their local government securities markets. Many countries in the region are taking advantage...”

6 “... stabilising effect in government securities markets during a crisis. Rather than containing the crisis, a ban...”