coordinating public debt management with fiscal and monetary policies: an analytical framework

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4./5 ( download)

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Book Synopsis coordinating public debt management with fiscal and monetary policies: an analytical framework by : Eriko Togo

Download or read book coordinating public debt management with fiscal and monetary policies: an analytical framework written by Eriko Togo and published by World Bank Publications. This book was released on 2012 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes a sovereign asset and liability management framework for analyzing the inter-relationships between debt management, fiscal and monetary policies. It illustrates the consequences of uncoordinated policy mix and extends Sargent and Wallace (1981 and 1993) by including debt management. Examples of policy games played by fiscal, monetary, and debt management authorities reinforce the importance of policy separation and coordination to prevent domination by one authority over another which could lead to inconsistent policy mix.

Monetary Policy and the Management of the Public Debt

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Publisher :
ISBN 13 :
Total Pages : 92 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Monetary Policy and the Management of the Public Debt by : United States. Congress. Joint Economic Committee

Download or read book Monetary Policy and the Management of the Public Debt written by United States. Congress. Joint Economic Committee and published by . This book was released on 1952 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Public Debt Management

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Publisher : Cambridge University Press
ISBN 13 : 1139935860
Total Pages : 384 pages
Book Rating : 4.1/5 (399 download)

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Book Synopsis Public Debt Management by : Rudiger Dornbusch

Download or read book Public Debt Management written by Rudiger Dornbusch and published by Cambridge University Press. This book was released on 1990-11-30 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Coordination of Monetary and Fiscal Policies

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451844239
Total Pages : 33 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Coordination of Monetary and Fiscal Policies by : International Monetary Fund

Download or read book Coordination of Monetary and Fiscal Policies written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-03-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of monetary and debt management functions in no way lessens the need for effective coordination of monetary and fiscal policy if overall economic performance is to be optimized and maintained in the long term. This paper analyzes these issues based on a review of the relevant literature and of country experiences from an institutional and operational perspective.

Monetary Policy and the Management of the Public Debt

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Publisher :
ISBN 13 :
Total Pages : 1006 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Monetary Policy and the Management of the Public Debt by : United States. Congress. Joint Committee on the Economic Report. Subcommittee on General Credit Control and Debt Management

Download or read book Monetary Policy and the Management of the Public Debt written by United States. Congress. Joint Committee on the Economic Report. Subcommittee on General Credit Control and Debt Management and published by . This book was released on 1952 with total page 1006 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Guidelines for Public Debt Management -- Amended

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Publisher : International Monetary Fund
ISBN 13 : 149832892X
Total Pages : 39 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Guidelines for Public Debt Management -- Amended by : International Monetary Fund

Download or read book Guidelines for Public Debt Management -- Amended written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-09-12 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Optimal Fiscal and Monetary Policy, Debt Crisis and Management

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475590180
Total Pages : 44 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Optimal Fiscal and Monetary Policy, Debt Crisis and Management by : Mr.Cristiano Cantore

Download or read book Optimal Fiscal and Monetary Policy, Debt Crisis and Management written by Mr.Cristiano Cantore and published by International Monetary Fund. This book was released on 2017-03-30 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The initial government debt-to-GDP ratio and the government’s commitment play a pivotal role in determining the welfare-optimal speed of fiscal consolidation in the management of a debt crisis. Under commitment, for low or moderate initial government debt-to-GPD ratios, the optimal consolidation is very slow. A faster pace is optimal when the economy starts from a high level of public debt implying high sovereign risk premia, unless these are suppressed via a bailout by official creditors. Under discretion, the cost of not being able to commit is reflected into a quick consolidation of government debt. Simple monetary-fiscal rules with passive fiscal policy, designed for an environment with “normal shocks”, perform reasonably well in mimicking the Ramsey-optimal response to one-off government debt shocks. When the government can issue also long-term bonds–under commitment–the optimal debt consolidation pace is slower than in the case of short-term bonds only, and entails an increase in the ratio between long and short-term bonds.

Monetary Policy and the Management of the Public Debt

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Publisher :
ISBN 13 :
Total Pages : 664 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Monetary Policy and the Management of the Public Debt by : United States. Congress. Joint Committee on the Economic Report

Download or read book Monetary Policy and the Management of the Public Debt written by United States. Congress. Joint Committee on the Economic Report and published by . This book was released on 1952 with total page 664 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fiscal and Debt Management Policies

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Publisher :
ISBN 13 :
Total Pages : 704 pages
Book Rating : 4.4/5 (91 download)

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Book Synopsis Fiscal and Debt Management Policies by : Commission on Money and Credit

Download or read book Fiscal and Debt Management Policies written by Commission on Money and Credit and published by . This book was released on 1963 with total page 704 pages. Available in PDF, EPUB and Kindle. Book excerpt: USA. Problems of public finance - effects of taxation on private investment. (Fiscal policy). The monetary policy to control credits and banks. Broader aspects of foreign economic policy.

Monetary Policy and the Management of the Public Debt

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Author :
Publisher :
ISBN 13 :
Total Pages : 92 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Monetary Policy and the Management of the Public Debt by : United States. Congress Economic Report Joint Committee

Download or read book Monetary Policy and the Management of the Public Debt written by United States. Congress Economic Report Joint Committee and published by . This book was released on 1952 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Coordinating Public Debt and Monetary Management

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781557755551
Total Pages : 444 pages
Book Rating : 4.7/5 (555 download)

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Book Synopsis Coordinating Public Debt and Monetary Management by : International Monetary Fund

Download or read book Coordinating Public Debt and Monetary Management written by International Monetary Fund and published by International Monetary Fund. This book was released on 1997-04-15 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Monetary Policy, Fiscal Policy and Public Debt Management

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Publisher :
ISBN 13 :
Total Pages : 5 pages
Book Rating : 4.:/5 (131 download)

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Book Synopsis Monetary Policy, Fiscal Policy and Public Debt Management by : Bank for International Settlements

Download or read book Monetary Policy, Fiscal Policy and Public Debt Management written by Bank for International Settlements and published by . This book was released on 2013 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper touches on the interaction between monetary policy, fiscal policy and public debt management. The first part looks at public debt sustainability and monetary policy. When measuring the fiscal stance, data such as current fiscal income and expenditure, the scale of public debt, and the coverage of budget revenue and expenditure should be properly monitored. In addition, factors that could influence the mid-term fiscal stance should be taken into consideration. Central bank assets may not be used to offset public debt, and pension funds are not in practice used to offset gross government debt in most economies. To some extent, oil and commodity stability funds held by resource-abundant economies may be used to offset gross government debt. Monetary policy is influenced by the financing of the fiscal deficit by way of bond issuance. The second part is about the development of money markets, the maturity and yield curves of domestic government bonds, and the deepening of domestic financial markets and financial stability in China. The concluding part concerns the central bank and public debt management. There is no need for the central bank in economies with a well developed treasury bond market to issue debt of its own. In emerging economies, a regular rollover issuance of central bank debt may help to form a consecutive short-term risk-free yield curve, serving as a benchmark for pricing in money and bond markets. Central banks involved in public debt management need to coordinate closely with the debt management agency on the policy objectives for various macro control instruments associated with fiscal policy, monetary policy and public debt management.Full publication: http://ssrn.com/abstract=2205164 Fiscal Policy, Public Debt and Monetary Policy in Emerging Market Economies.

Monetary Policy and the Management of the Public Debt

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Publisher :
ISBN 13 :
Total Pages : 1012 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Monetary Policy and the Management of the Public Debt by : United States. Congress. Economic Report Joint Committee

Download or read book Monetary Policy and the Management of the Public Debt written by United States. Congress. Economic Report Joint Committee and published by . This book was released on 1952 with total page 1012 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Managing Public Debt and Its Financial Stability Implications

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1455210870
Total Pages : 29 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis Managing Public Debt and Its Financial Stability Implications by : Mr.Udaibir S. Das

Download or read book Managing Public Debt and Its Financial Stability Implications written by Mr.Udaibir S. Das and published by International Monetary Fund. This book was released on 2010-12-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Debt Burden and Its Consequences for Monetary Policy

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Author :
Publisher : Springer
ISBN 13 : 1349260770
Total Pages : 307 pages
Book Rating : 4.3/5 (492 download)

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Book Synopsis The Debt Burden and Its Consequences for Monetary Policy by : Guillermo Calvo

Download or read book The Debt Burden and Its Consequences for Monetary Policy written by Guillermo Calvo and published by Springer. This book was released on 1998-02-12 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: In all countries debt and deficits of the public sector are at the heart of economic policy debate. Debt and deficits pose major problems, all the more pressing in Europe because of the Maastricht criteria for entry into European Monetary Union. And in the developing world debt has been associated with major financial crises. This volume, arising from an International Economic Association conference at the Bundesbank, sees academics and policy makers debate the key issues and their implications in theory and practice.

Financial Policies

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Publisher : Gfoa
ISBN 13 : 9780891252702
Total Pages : 155 pages
Book Rating : 4.2/5 (527 download)

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Book Synopsis Financial Policies by : Shayne Kavanagh

Download or read book Financial Policies written by Shayne Kavanagh and published by Gfoa. This book was released on 2004 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Coordinating Public Debt and Monetary Management During Financial Reforms

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451954395
Total Pages : 16 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Coordinating Public Debt and Monetary Management During Financial Reforms by : Mr.Sérgio Pereira. Leite

Download or read book Coordinating Public Debt and Monetary Management During Financial Reforms written by Mr.Sérgio Pereira. Leite and published by International Monetary Fund. This book was released on 1992-10-01 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes the interplay between public debt and monetary management during financial reforms, and provides suggestions on collaboration between the central bank and the treasury to achieve common objectives. It discusses monetary policy and public debt at the onset and through different phases of a financial reform and emphasizes that many objectives of public debt and monetary management are mutually supportive. It recommends the setting up of units to deal with public debt issues both at the treasury and the central bank, as well as a committee to coordinate public debt and monetary management.