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Government Securities Market in Kosovo: Overview and Recent Developments

Author

Listed:
  • Mejdi Bektashi

    (University of Prishtina)

  • Artor Nuhiu

    (University of Prishtina)

Abstract

This paper provides an overview of recent developments in government securities market in Kosovo. In contradistinction to similar studies of developed financial markets an analysis of developments in the Kosovo’s government securities market, meets certain difficulties and takes into account a number of assumptions, which are to be specifically noted. The Government of the Republic Kosovo has successfully begun issuance of Treasury bills since January 2012, but market development is still at an early stage. The Central Bank of the Republic of Kosovo maintains, records, trades and settles all government securities transactions through the BES trading platform, which term includes the initial electronic auction sales at the primary auction, electronic trading and the central securities depository. Most T-bills have been kept by the commercial banks for their own account, and six-month bills have been bought by institutional investors. As a result, no secondary market has yet developed. Capital markets are nonexistent.

Suggested Citation

  • Mejdi Bektashi & Artor Nuhiu, 2017. "Government Securities Market in Kosovo: Overview and Recent Developments," EuroEconomica, Danubius University of Galati, issue 1(36), pages 85-93, May.
    • Handle: RePEc:dug:journl:y:2017:i:1:p:85-93
    as

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    File URL: http://journals.univ-danubius.ro/index.php/euroeconomica/article/view/3551/4003
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    References listed on IDEAS

    as
    1. Juan Fernando Lucio, 2006. "Strategies and benefits of developing a market for government securities," Journal of Financial Regulation and Compliance, Emerald Group Publishing, vol. 14(1), pages 47-56, February.
    2. Jingyun Ma & Fengming Song & Zhishu Yang, 2010. "The dual role of the government: securities market regulation in China 1980‐2007," Journal of Financial Regulation and Compliance, Emerald Group Publishing Limited, vol. 18(2), pages 158-177, May.
    3. Simon Gray, 1996. "The Management of Government Debt," Handbooks, Centre for Central Banking Studies, Bank of England, number 5, April.
    Full references (including those not matched with items on IDEAS)

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