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2. . Inflation . An essential precondition for the development of debt markets is a low and stable inflation, In the decade of the eighties and nineties, high inflation levels had important adverse effects on the incipient bond market development. Investors were reluctant to buy bonds with longer maturities. The yield curve could not be developed. .
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1: 1 Developments and Trends in Mexico’s Bond MarketROBERTO MARINO
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