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Public Debt Management – Fundamental Component Of Public Policy

Author

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  • Maria Pascal (Andriescu)

    (Alexandru Ioan Cuza University of Iasi)

Abstract

The global financial crisis has put considerable pressure on public finances, particularly on government debt. Public debt in many countries of the world have increased in recent years to levels that were not registered by the end of the Second World War, facing today with a high risk regarding fiscal sustainability.Debt portfolio is usually the largest financial portfolio of a state, with a complex structure that can generate high risks that may affect public balance and financial stability of the country. Thus, proper management of public debt must become a priority for both the creditor and debtor countries. This paper aims to highlight the importance of effective management of government debt and to make a brief assessment of Romania's public debt structure and dynamic.

Suggested Citation

  • Maria Pascal (Andriescu), 2011. "Public Debt Management – Fundamental Component Of Public Policy," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 3(4), pages 571-578, December.
    • Handle: RePEc:jes:wpaper:y:2011:v:3:i:4:p:571-578
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    File URL: http://ceswp.uaic.ro/articles/CESWP2011_III4_PAS.pdf
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    References listed on IDEAS

    as
    1. Graeme Wheeler, 2004. "Sound Practice in Government Debt Management," World Bank Publications - Books, The World Bank Group, number 15017, December.
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    More about this item

    Keywords

    public debt management; Romania’s public debt structure; financial stability Romania;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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