Managing Sovereign Debt and Debt Markets through a Crisis - Practical Insights and Policy Lessons - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Managing Sovereign Debt and Debt Markets through a Crisis - Practical Insights and Policy Lessons write by International Monetary Fund. This book was released on 2011-04-18. Managing Sovereign Debt and Debt Markets through a Crisis - Practical Insights and Policy Lessons available in PDF, EPUB and Kindle. The crisis highlighted the importance of debt management in containing debt-related risks and the associated impact on debt markets. The impact of the crisis on debt levels, and the consequent implications for fiscal consolidation, has been the subject of much discussion and analysis. However, there has been relatively less focus on the issue of how that debt should be managed, including how its composition should be structured so as to mitigate key risk exposures, and its implications for debt market functioning. That task proved significantly complex and challenging through the crisis, particularly in advanced economies, with additional dimensions of risk revealed.
Global Waves of Debt
Global Waves of Debt - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Waves of Debt write by M. Ayhan Kose. This book was released on 2021-03-03. Global Waves of Debt available in PDF, EPUB and Kindle. 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.
Guidelines for Public Debt Management -- Amended
Guidelines for Public Debt Management -- Amended - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Guidelines for Public Debt Management -- Amended write by International Monetary Fund. This book was released on 2003-09-12. Guidelines for Public Debt Management -- Amended available in PDF, EPUB and Kindle. NULL
Sovereign Debt Management in Crisis in Europe and Central Asia
Sovereign Debt Management in Crisis in Europe and Central Asia - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Sovereign Debt Management in Crisis in Europe and Central Asia write by Weltbank. This book was released on 2013. Sovereign Debt Management in Crisis in Europe and Central Asia available in PDF, EPUB and Kindle. The global financial crisis of 2008-2009 required most sovereign debt managers to adapt to rapidly changing market circumstances, by changing the mix of borrowing instruments and adopting techniques that minimize the impact of severe market dislocations and increased risk aversion. These actions, allied to prudent macroeconomic and debt management policies implemented by government in the years preceding the crises, were critical in helping countries meet their financing needs without undue strain on the financial markets. This toolkit draws on the approaches taken by a range of countries and provides sovereign debt policy makers with a rich set of potential actions to address crisis periods. A practical illustration on the use of some of these actions is conducted by analyzing the measures taken by Romania, Serbia and Turkey as a response to the recent crises. Authors draw lessons from these experiences and examine what other measures included in the toolkit could have been used to boost the crisis response impact in these economies, respecting country-specific contexts.
A Primer on Managing Sovereign Debt-Portfolio Risks
A Primer on Managing Sovereign Debt-Portfolio Risks - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Primer on Managing Sovereign Debt-Portfolio Risks write by Thordur Jonasson. This book was released on 2018-04-06. A Primer on Managing Sovereign Debt-Portfolio Risks available in PDF, EPUB and Kindle. 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.
