Developing local currency bond markets for long-term development financing in Sub-Saharan Africa

Abstract

This is the accepted version of the paper.This version of the publication may differ from the final published version. This article discusses the role that local currency bond markets (LCBMs) can play in the longterm financing of sustainable development of Sub-Saharan African (SSA) economies, and presents an empirical analysis of the factors which may hinder or promote the development of such markets in SSA. Using a new dataset for 27 SSA countries, our findings support earlier research on SSA and other regio…