Managing Public Debt

Managing Public Debt PDF Author:
Publisher: World Bank Publications
ISBN: 0821368737
Category : Business & Economics
Languages : en
Pages : 140

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Book Description
High-quality public debt management plays a critical role in reducing the vulnerability of developing countries to financial crises. With sound risk and cash management, effective coordination with fiscal and monetary policy, good governance, and adequate institutional and staff capacity in place, governments can develop and implement effective medium-term debt management strategies. Managing Public Debt: From Diagnostics to Reform Implementation draws insights from a joint pilot program set up by the World Bank and International Monetary Fund to design relevant reform and capacity-building programs in twelve countries. The experiences of these geographically and economically diverse countries - Bulgaria, Colombia, Costa Rica, Croatia, Indonesia, Kenya, Lebanon, Nicaragua, Pakistan, Sri Lanka, Tunisia, and Zambia - illustrate the challenges and elements necessary to make progress in the area of public debt management. Managing Public Debt will serve government officials contemplating or in the process of reforming their practices, providers of technical assistance, and practitioners working on building capacity in public debt management. Because effective implementation of debt management strategies also requires a developed domestic government debt market, readers will also be interested in the companion volume, Developing the Domestic Government Debt Market, published by The World Bank in February 2007, based on the same joint pilot program.

Managing Public Debt

Managing Public Debt PDF Author:
Publisher: World Bank Publications
ISBN: 0821368737
Category : Business & Economics
Languages : en
Pages : 140

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Book Description
High-quality public debt management plays a critical role in reducing the vulnerability of developing countries to financial crises. With sound risk and cash management, effective coordination with fiscal and monetary policy, good governance, and adequate institutional and staff capacity in place, governments can develop and implement effective medium-term debt management strategies. Managing Public Debt: From Diagnostics to Reform Implementation draws insights from a joint pilot program set up by the World Bank and International Monetary Fund to design relevant reform and capacity-building programs in twelve countries. The experiences of these geographically and economically diverse countries - Bulgaria, Colombia, Costa Rica, Croatia, Indonesia, Kenya, Lebanon, Nicaragua, Pakistan, Sri Lanka, Tunisia, and Zambia - illustrate the challenges and elements necessary to make progress in the area of public debt management. Managing Public Debt will serve government officials contemplating or in the process of reforming their practices, providers of technical assistance, and practitioners working on building capacity in public debt management. Because effective implementation of debt management strategies also requires a developed domestic government debt market, readers will also be interested in the companion volume, Developing the Domestic Government Debt Market, published by The World Bank in February 2007, based on the same joint pilot program.

Guidelines for Public Debt Management -- Amended

Guidelines for Public Debt Management -- Amended PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 149832892X
Category : Business & Economics
Languages : en
Pages : 39

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Book Description
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Public Debt Management

Public Debt Management PDF Author: Rudiger Dornbusch
Publisher: Cambridge University Press
ISBN: 1139935860
Category : Political Science
Languages : en
Pages : 384

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Book Description
As Europe proceeds towards economic and monetary union, fiscal convergence and the prospect of a common money are at the centre of discussion. This volume from the Centre for Economic Policy Research brings together theoretical, applied and historical research on the management of public debt and its implications for financial stability. Gale fills a gap in the literature, using a consistent framework to investigate the welfare economics of public debt, while Calvo and Guidotti analyse the trade-off between indexation and maturity when it comes to minimizing debt service. Confidence crises have become relevant again in view of the high debt ratios in countries such as Belgium, Italy and Ireland. Alesina, Prati and Tabellini develop a formal model of the propagation of a debt run and use it to interpret Italian debt panics. Giavazzi and Pagano concentrate on how inappropriate debt management can precipitate a run on the currency while Makinen and Woodward review a broad sweep of historical experience.

Managing Public Debt and Its Financial Stability Implications

Managing Public Debt and Its Financial Stability Implications PDF Author: Mr.Udaibir S. Das
Publisher: International Monetary Fund
ISBN: 1455210870
Category : Business & Economics
Languages : en
Pages : 29

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Book Description
This paper explores the relationship between the level and management of public debt and financial stability, and explains the channels through which the two are interlinked. It suggests that the broader implications of a debt management strategy and its implementation should be carefully analyzed by debt managers and policy makers in terms of their impact on the government's balance sheet, macroeconomic developments, and the financial system.

Accompanying Document to the Guidelines for Public Debt Management

Accompanying Document to the Guidelines for Public Debt Management PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498328148
Category : Business & Economics
Languages : en
Pages : 367

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Book Description
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Revised Guidelines for Public Debt Management

Revised Guidelines for Public Debt Management PDF Author: International Monetary Fund,
Publisher: International Monetary Fund
ISBN: 1498330665
Category : Business & Economics
Languages : en
Pages : 40

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Book Description
The Revised Guidelines for Public Debt Management have been developed as part of a broader work program undertaken by the IMF and the World Bank to strengthen the international financial architecture, promote policies and practices that contribute to financial stability and transparency, and reduce countries external vulnerabilities.

Public Debt Management

Public Debt Management PDF Author: Alessandro Missale
Publisher: Oxford University Press on Demand
ISBN: 9780198290858
Category : Business & Economics
Languages : en
Pages : 309

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Book Description
The choice of currency denomination, indexation, and maturity structure of public debt is an increasingly important aspect of policy in a world of high debts and and financially integrated markets. This book surveys theories and evidence on public debt composition and debt returns with thegoal of emphasizing the main policy issues. The effects of debt management on financial markets, risk-sharing, policy credibility, interest costs, and taxation are evaluated within a unified theoretical framework. The analysis clarifies the trade-off involved in policy decisions and shows how to usetheory and evidence to answer practical policy problems. This book is a valuable reference to researchers and satisfies the increasing demand by policymakers for sound economic principles to guide the choice of debt instruments.

Monetary Policy and the Management of the Public Debt

Monetary Policy and the Management of the Public Debt PDF Author: United States. Congress. Joint Committee on the Economic Report. Subcommittee on General Credit Control and Debt Management
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 1006

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Book Description


Guidelines for Public Debt Management

Guidelines for Public Debt Management PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 284

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Book Description
This report contains 18 case studies which illustrate how different countries, at varying stages of economic and financial development, are developing their public debt management capacity in line with the 'Guidelines for Public Debt Management' (2001, ISBN 1589060458). Issues discussed include: debt management strategy, objectives and co-ordination, transparency and accountability, institutional framework, risk management framework, and developing an efficient market for government securities.

Coordinating Public Debt and Monetary Management

Coordinating Public Debt and Monetary Management PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 9781557755551
Category : Business & Economics
Languages : en
Pages : 444

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Book Description
Edited by V. Sundararajan, Peter Dattels, and Hans Blommestein, this volume outlines strategies for managing public debt, developing government securities markets, and coordinating those activities with monetary management through legal, administrative, and operational arrangements. Both transition and market economies are surveyed. The analysis draws partly on the literature on the microstructure of markets and auction systems and on selected country experiences.