Posted
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December 07, 2010 09:11:37 AM |
Date
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2010-12 |
Author
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Das, Udaibir S. ; Papaioannou, Michael G ; Pedras, Guilherme ; Ahmed, Faisal ; Surti, Jay |
Affiliation
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Money and Capital Markets Department, International Monetary Fund |
Title
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Managing Public Debt and Its Financial Stability Implications |
Summary / Abstract
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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. |
Keywords
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Public Debt Structure, Public Debt Management, Financial Stability |
URL
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http://www.imf.org/external/pubs/ft/wp/2010/wp10280.pdf
|
Remarks
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This Working Paper was published as Chapter 15 of the book “Sovereign Debt and the Financial Crisis.” The World Bank is the source and copyright holder of this work. This Working Paper is based on an ongoing study by the authors of the recent global economic and financial crisis, cross-country experiences with debt management operations, and their implications for public sector balance sheets and financial stability. |
See
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