The Management of Government Debt
AbstractA number of governments state explicitly, in broad terms, their goals for debt management. For most, these could be summarised as: "Raising finance from the non-government sector in order to cover the government’s borrowing needs, while minimising the long-run cost of debt service and taking account of risk (and, where necessary, co-ordinating with monetary policy)." This Handbook explores the long-run objectives of deficit financing and then discusses the various elements involved in building an appropriate strategy for pursuing those objectives in domestic currency markets (irrespective of whether the securities are purchased by residents or non-residents). Certain subjects, such as debt issuance techniques, the use of specialist market intermediaries, development of secondary markets, and payments and settlements issues, are major topics in their own right, some of which will be covered in separate Handbooks. This handbook is also available in Russian and Spanish.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoThis book is provided by Centre for Central Banking Studies, Bank of England in its series Handbooks with number 5 and published in 1996.
ISBN: 1 85730 054 8 (English) 1 85730 059 9 (Russian)
Contact details of provider:
Postal: Threadneedle Street, London, EC2R 8AH
Phone: +44 (020) 7601 4444
Fax: +44 (020) 7601 5460
Web page: http://www.bankofengland.co.uk/education/Pages/ccbs/default.aspx
More information through EDIRC
Management; Government; Debt;
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Maria Brady).
If references are entirely missing, you can add them using this form.