Determinants of public debt maturities

Autor:	K. P. Goudswaard
Rok vydání:	1990
Předmět:	Macroeconomics Economics and Econometrics media_common.quotation_subject Recourse debt Debt-to-GDP ratio Monetary economics External debt Debt service ratio Debt Economics Debt ratio Internal debt Debt levels and flows media_common
Zdroj:	De Economist. 138:33-46
ISSN:	1572-9982 0013-063X
DOI:	10.1007/bf01718388
Popis:	This paper studies financing strategies which underlie the maturity structure of the public debt. Three important objectives for domestic public debt management are distinguished: interest cost reduction, economic stabilization and economic neutrality. The strategies which can be associated with these objectives are incorporated in a simple debt management model, which has been tested empirically for the case of The Netherlands. Variations in debt maturities between 1960 and 1985 appear to be related to changes in capital market conditions, investment preferences and expected real interest rates.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::3e41df173486013e220c2868cc323993 https://doi.org/10.1007/bf01718388 Zobrazit plný text záznamu Plný text ve formátu PDF