The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition

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Publisher : International Monetary Fund
ISBN 13 : 1451856776
Total Pages : 60 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition by : International Monetary Fund

Download or read book The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition written by International Monetary Fund and published by International Monetary Fund. This book was released on 1994-12-01 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: In economies in transition, the development of financial markets is a common objective linking the monetary and fiscal authorities, while monetary and public debt management cannot be strictly separated. This calls for close coordination of objectives and instruments of monetary and debt management, and the development of supporting institutional and operational arrangements. Key aspects of these arrangements are surveyed.

The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition

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Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition by : Vasudevan Sundararajan

Download or read book The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition written by Vasudevan Sundararajan and published by . This book was released on 1994 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition

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Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition by : V. Sundararajan

Download or read book The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition written by V. Sundararajan and published by . This book was released on 2006 with total page 54 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.

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.

Managing Public Debt and Its Financial Stability Implications

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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.

Coordinating Public Debt and Monetary Management During Financial Reforms

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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.

Institutional Arrangements for Public Debt Management

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 59 pages
Book Rating : 4./5 ( download)

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Book Synopsis Institutional Arrangements for Public Debt Management by : Elizabeth Currie

Download or read book Institutional Arrangements for Public Debt Management written by Elizabeth Currie and published by World Bank Publications. This book was released on 2003 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This paper analyzes institutional arrangements for public debt management by reviewing the experience of OECD countries during the late 1980s and 1990s. It discusses principal-agent issues arising from the delegation of authority from the Minister of Finance to the debt management office and describes how countries have designed governance structures and control and monitoring mechanisms to deal with these issues. The paper also discusses what lessons emerging market countries and transition countries can draw from the experience of advanced OECD countries. The OECD experience clearly indicates that"regardless of whether the debt management office is located inside or outside the Ministry of Finance"four issues are of vital importance: Giving priority to strategic public policy objectives rather than tactical trading objectives; Strengthening the institutional capacity to deal with financial portfolio management and with the public policy aspects of debt management; Modernizing debt management; Creating mechanisms to ensure successful delegation and accountability to the Ministry of Finance and Parliament. This paper"a joint product of the Office of the Senior Vice President and Chief Economist, Development Economics, and Public Debt Management Group, Banking, Capital Markets, and Financial Engineering Department"is part of a larger effort in the Bank to analyze the institutional dimentions of effective government policy.

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.

Guidelines for Public Debt Management -- Amended

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Author :
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

Managing Public Debt

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 148 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Managing Public Debt by : World Bank

Download or read book Managing Public Debt written by World Bank and published by World Bank Publications. This book was released on 2007 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: High-quality public debt management plays a critical role in reducing countries vulnerability to financial crises. Good debt management encompasses sound risk and cash management, effective coordination with fiscal and monetary policy, good governance, and adequate institutional and staff capacity. With these in place, governments can develop and implement effective medium-term debt management strategies. Effective implementation of debt management strategies also requires developing an efficient domestic government debt market. This book draws insights from 12 developing and emerging market country case studies on moving from country diagnostics to reform implementation.

Accompanying Document to the Guidelines for Public Debt Management

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498328148
Total Pages : 367 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Accompanying Document to the Guidelines for Public Debt Management by : International Monetary Fund

Download or read book Accompanying Document to the Guidelines for Public Debt Management written by International Monetary Fund and published by International Monetary Fund. This book was released on 2002-11-21 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

the growth in government domestic debt: changing burdens and risks

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4./5 ( download)

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Book Synopsis the growth in government domestic debt: changing burdens and risks by : James A. Hanson

Download or read book the growth in government domestic debt: changing burdens and risks written by James A. Hanson and published by World Bank Publications. This book was released on 2012 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This paper analyzes the recent growth of government domestic debt, including central bank debt, using a new data base on government domestic debt in developing countries with large, open financial systems. On average, government domestic debt grew much faster than GDP between 1994 and 2004 and became larger than foreign debt. The rapid growth of domestic debt reflects financial crises, the growth of central bank debt and the greater attractiveness to governments of issuing domestic debt as well as the recent increase in demands for it. Both its attractiveness and the increased demands for it reflect the current benign international environment to some degree. The main risk of government debt, domestic or foreign, remains its overall size relative to a country's fiscal, financial, and political institutions. While government domestic debt can help the domestic private capital market, large domestic debt, like large external debt, has risks. For example, there can be "sudden stops" in the demand for domestic debt as well as in foreign lending. Governments need to be aware of the risks and burdens in domestic debt issue-crowding out small borrowers, transferring risks to banks when issuing longer maturity, fixed-interest domestic debt and reducing returns, and imposing risks on holders of pensions, annuities, and life insurance policies. Growth of central bank debt can divert central banks from pursuit of the objective of price stability.

Guidelines for Public Debt Management

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 284 pages
Book Rating : 4.F/5 ( download)

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

Download or read book Guidelines for Public Debt Management written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Working Paper Summaries (WP/94/77 - WP/94/147)

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Publisher : International Monetary Fund
ISBN 13 : 1451843208
Total Pages : 94 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Working Paper Summaries (WP/94/77 - WP/94/147) by : International Monetary Fund

Download or read book Working Paper Summaries (WP/94/77 - WP/94/147) written by International Monetary Fund and published by International Monetary Fund. This book was released on 1995-02-01 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Authors of Working Papers are normally staff members of the Fund or consultants, although on occasion outside authors may collaborate with a staff member in writing a paper. The views expressed in the Working Papers or their summaries are, however, those of the authors and should not necessarily be interpreted as representing the views of the Fund. Copies of individual Working Papers and information on subscriptions to the annual series of Working Papers may be obtained from IMF Publication Services, International Monetary Fund, 700 19th Street, Washington, D.C. 20431. Telephone: (202) 623-7430 Telefax: (202) 623-7201 This compilation of summaries of Working Papers released during July-December 1994 is being issued as a part of the Working Paper series. It is designed to provide the reader with an overview of the research work performed by the staff during the period.

Emancipating the Banking System and Developing Markets for Government Debt

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Author :
Publisher : Routledge
ISBN 13 : 1134730772
Total Pages : 295 pages
Book Rating : 4.1/5 (347 download)

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Book Synopsis Emancipating the Banking System and Developing Markets for Government Debt by : Maxwell Fry

Download or read book Emancipating the Banking System and Developing Markets for Government Debt written by Maxwell Fry and published by Routledge. This book was released on 1997-03-06 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monetary policy in developing countries is largely based on a system introduced in the 1960s. This book illustrates how this outdated system has led to financial repression and suggests some alternatives.

Global Waves of Debt

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Publisher : World Bank Publications
ISBN 13 : 1464815453
Total Pages : 403 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Waves of Debt by : M. Ayhan Kose

Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.