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.

Sovereign Debt

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Author :
Publisher : Oxford University Press
ISBN 13 : 0192591398
Total Pages : 288 pages
Book Rating : 4.1/5 (925 download)

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Book Synopsis Sovereign Debt by : S. Ali Abbas

Download or read book Sovereign Debt written by S. Ali Abbas and published by Oxford University Press. This book was released on 2019-10-21 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The last time global sovereign debt reached the level seen today was at the end of the Second World War, and this shaped a generation of economic policymaking. International institutions were transformed, country policies were often draconian and distortive, and many crises ensued. By the early 1970s, when debt fell back to pre-war levels, the world was radically different. It is likely that changes of a similar magnitude -for better and for worse - will play out over coming decades. Sovereign Debt: A Guide for Economists and Practitioners is an attempt to build some structure around the issues of sovereign debt to help guide economists, practitioners and policymakers through this complicated, but not intractable, subject. Sovereign Debt brings together some of the world's leading researchers and specialists in sovereign debt to cover a range of sub-disciplines within this vast topic. It explores debt management with debt sustainability; debt reduction policies with crisis prevention policies; and the history with the conjuncture. It is a foundation text for all those interested in sovereign debt, with a particular focus real world examples and issues.

Monetary Policy, Sovereign Debt and Financial Stability

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Author :
Publisher :
ISBN 13 : 9789382993209
Total Pages : 370 pages
Book Rating : 4.9/5 (932 download)

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Book Synopsis Monetary Policy, Sovereign Debt and Financial Stability by : Reserve Bank of India. International Research Conference

Download or read book Monetary Policy, Sovereign Debt and Financial Stability written by Reserve Bank of India. International Research Conference and published by . This book was released on 2014 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Papers presented at the Second International Research Conference of the Reserve Bank of India, held at Mumbai during 1-2 February 2012.

Managing the Sovereign-Bank Nexus

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484359623
Total Pages : 54 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Managing the Sovereign-Bank Nexus by : Mr.Giovanni Dell'Ariccia

Download or read book Managing the Sovereign-Bank Nexus written by Mr.Giovanni Dell'Ariccia and published by International Monetary Fund. This book was released on 2018-09-07 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews empirical and theoretical work on the links between banks and their governments (the bank-sovereign nexus). How significant is this nexus? What do we know about it? To what extent is it a source of concern? What is the role of policy intervention? The paper concludes with a review of recent policy proposals.

Interactions of Sovereign Debt Management with Monetary Conditions and Financial Stability

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Author :
Publisher :
ISBN 13 : 9789291318711
Total Pages : 0 pages
Book Rating : 4.3/5 (187 download)

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Book Synopsis Interactions of Sovereign Debt Management with Monetary Conditions and Financial Stability by :

Download or read book Interactions of Sovereign Debt Management with Monetary Conditions and Financial Stability written by and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Primer on Managing Sovereign Debt-Portfolio Risks

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484350545
Total Pages : 133 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis A Primer on Managing Sovereign Debt-Portfolio Risks by : Thordur Jonasson

Download or read book A Primer on Managing Sovereign Debt-Portfolio Risks written by Thordur Jonasson and published by International Monetary Fund. This book was released on 2018-04-06 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an overview of sovereign debt portfolio risks and discusses various liability management operations (LMOs) and instruments used by public debt managers to mitigate these risks. Debt management strategies analyzed in the context of helping reach debt portfolio targets and attain desired portfolio structures. Also, the paper outlines how LMOs could be integrated into a debt management strategy and serve as policy tools to reduce potential debt portfolio vulnerabilities. Further, the paper presents operational issues faced by debt managers, including the need to develop a risk management framework, interactions of debt management with fiscal policy, monetary policy, and financial stability, as well as efficient government bond markets.

Sovereign Debt and the Financial Crisis

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Author :
Publisher : World Bank Publications
ISBN 13 : 0821385437
Total Pages : 528 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Sovereign Debt and the Financial Crisis by : Carlos A. Primo Braga

Download or read book Sovereign Debt and the Financial Crisis written by Carlos A. Primo Braga and published by World Bank Publications. This book was released on 2010-11-16 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book presents and discusses policy-relevant research on the current debt challenges which developing, emerging market and developed countries face. Its value added lies in the integrated approach of drawing on theoretical research and evidence from practitioners' experience in developing and emerging market countries.

Debt Default and Democracy

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 178811793X
Total Pages : 217 pages
Book Rating : 4.7/5 (881 download)

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Book Synopsis Debt Default and Democracy by : Giuseppe Eusepi

Download or read book Debt Default and Democracy written by Giuseppe Eusepi and published by Edward Elgar Publishing. This book was released on 2018 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: The original chapters in this book connect the microeconomic and macroeconomic approaches to public debt. Through their thought-provoking views, leading scholars offer insights into the incentives that individuals and governments may have in resorting to public debt, thereby promoting a clearer understanding of its economic consequences.

Sustainability of Public Debt in the European Monetary Union. A Case Study of Greece

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Author :
Publisher : GRIN Verlag
ISBN 13 : 366839346X
Total Pages : 68 pages
Book Rating : 4.6/5 (683 download)

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Book Synopsis Sustainability of Public Debt in the European Monetary Union. A Case Study of Greece by :

Download or read book Sustainability of Public Debt in the European Monetary Union. A Case Study of Greece written by and published by GRIN Verlag. This book was released on 2017-02-07 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2015 in the subject Economics - Finance, grade: 5, University of Zurich, language: English, abstract: This bachelor thesis discusses the sustainability of government debt on a theoretical level with the model of the government budget constraint and its application in a case study. Therefore, the situation of Greece is used as a prime example for the current sovereign debt crisis in the European Monetary Union. It points out with quantitative data, what has led to the high public debt in Greece and what are the consequences of this debt accumulation. For this the sustainability and the development of government debt and its determinants will be analysed. In conclusion, it discusses the options to escape of this sovereign debt crisis for Greece and the European Monetary Union as a whole. In March 2012 Greece received another bailout loan of 144.7 billion euro from the European Financial Stability Facility (EFSF) and 19.8 billion euro from the IMF in several tranches until 2014 after a worsening recession and the missing implementation of the conditions. In July 2015 the European Commission arranged to mobilise more than 35 billion euro until 2020, while they already paid out up to this point 4.4 billion euro (European Commission 2015). Still the problem has not been solved yet and Greece is still not able to get control of its debt by itself. The government debt is a relevant topic in economics and has become even more relevant since the outbreak of the European sovereign debt crisis. Further research in the issue of government debt could help us to understand how government-debt crisis develop, how the current sovereign debt crisis may be solved as well as how we could prevent from future crises. To understand the problem of high debt, we also need to understand the necessity of public debt, the arithmetic behind it and its implications on the economy of a country and the whole economic system.

Sovereign Debt Crisis

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Author :
Publisher : Springer
ISBN 13 : 0230307124
Total Pages : 287 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis Sovereign Debt Crisis by : D. Chorafas

Download or read book Sovereign Debt Crisis written by D. Chorafas and published by Springer. This book was released on 2011-06-13 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: Restructuring the balance sheets of Western governments, banks and households is an important issue in the recovery after the recent crisis. Chorafas' latest book focuses on sovereign debt, sovereign risk and the developing economic and financial business climate and explains why the year of the big crisis may fall in the middle of this decade.

Public Debt Management

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Author :
Publisher : Cambridge University Press
ISBN 13 : 9780521392662
Total Pages : 384 pages
Book Rating : 4.3/5 (926 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.

Sovereign Debt

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Author :
Publisher : Oxford University Press
ISBN 13 : 0192591401
Total Pages : 288 pages
Book Rating : 4.1/5 (925 download)

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Book Synopsis Sovereign Debt by : S. Ali Abbas

Download or read book Sovereign Debt written by S. Ali Abbas and published by Oxford University Press. This book was released on 2019-10-21 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The last time global sovereign debt reached the level seen today was at the end of the Second World War, and this shaped a generation of economic policymaking. International institutions were transformed, country policies were often draconian and distortive, and many crises ensued. By the early 1970s, when debt fell back to pre-war levels, the world was radically different. It is likely that changes of a similar magnitude -for better and for worse - will play out over coming decades. Sovereign Debt: A Guide for Economists and Practitioners is an attempt to build some structure around the issues of sovereign debt to help guide economists, practitioners and policymakers through this complicated, but not intractable, subject. Sovereign Debt brings together some of the world's leading researchers and specialists in sovereign debt to cover a range of sub-disciplines within this vast topic. It explores debt management with debt sustainability; debt reduction policies with crisis prevention policies; and the history with the conjuncture. It is a foundation text for all those interested in sovereign debt, with a particular focus real world examples and issues.

Debt and Entanglements Between the Wars

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513516868
Total Pages : 322 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Debt and Entanglements Between the Wars by : Mr.Thomas J Sargent

Download or read book Debt and Entanglements Between the Wars written by Mr.Thomas J Sargent and published by International Monetary Fund. This book was released on 2019-11-08 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: World War I created a set of forces that affected the political arrangements and economies of all the countries involved. This period in global economic history between World War I and II offers rich material for studying international monetary and sovereign debt policies. Debt and Entanglements between the Wars focuses on the experiences of the United States, United Kingdom, four countries in the British Commonwealth (Australia, New Zealand, Canada, Newfoundland), France, Italy, Germany, and Japan, offering unique insights into how political and economic interests influenced alliances, defaults, and the unwinding of debts. The narratives presented show how the absence of effective international collaboration and resolution mechanisms inflicted damage on the global economy, with disastrous consequences.

Financial Stability in the Aftermath of the 'Great Recession'

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Author :
Publisher : Springer
ISBN 13 : 1137333960
Total Pages : 267 pages
Book Rating : 4.1/5 (373 download)

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Book Synopsis Financial Stability in the Aftermath of the 'Great Recession' by : P. Arestis

Download or read book Financial Stability in the Aftermath of the 'Great Recession' written by P. Arestis and published by Springer. This book was released on 2013-08-29 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial crisis and the ensued 'great recession' are primarily caused by the excessive liquidity that was created in the last thirty years or so of inequality that benefited greatly the financial sector, deregulation and financial liberalisation as well as financial innovation.

Sovereign Debt Sustainability and Central Bank Credibility

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Sovereign Debt Sustainability and Central Bank Credibility by : Tim Willems

Download or read book Sovereign Debt Sustainability and Central Bank Credibility written by Tim Willems and published by International Monetary Fund. This book was released on 2022-01-28 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article surveys the literature on sovereign debt sustainability from its origins in the mid-1980s to the present, focusing on four debates. First, the shift from an “accounting based” view of debt sustainability, evaluated using government borrowing rates, to a “model based” view which uses stochastic discount rates. Second, empirical tests focusing on the relationship between primary balances to debt. Third, debt sustainability in the presence of rollover risk. And fourth, whether government borrowing costs below rates of growth (“r

From Banking to Sovereign Stress - Implications For Public Debt

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498342434
Total Pages : 88 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis From Banking to Sovereign Stress - Implications For Public Debt by : International Monetary Fund

Download or read book From Banking to Sovereign Stress - Implications For Public Debt written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-12-22 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores how banking sector developments and characteristics influence the propagation of risks from the banking sector to sovereign debt, including how they affect the extent of fiscal costs of banking crises when those occur. It then proposes practices and policies for the fiscal authorities to help manage the risks and enhance crisis preparedness.

Optimal Fiscal and Monetary Policy, Debt Crisis and Management

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475590199
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.