Managing Public Debt and its Financial Stability Implications

Autor: Guilherme Pedras, Udaibir S Das, Faisal Z. Ahmed, Michael G. Papaioannou, Jay Surti
Rok vydání: 2010
Předmět:
Zdroj: SSRN Electronic Journal.
ISSN: 1556-5068
DOI: 10.2139/ssrn.1751392
Popis: 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.
Databáze: OpenAIRE