Debt Management in the Czech Republic (formation in the 1990s and the current state)
This paper describes the development and the current state of debt management in the Czech Republic. The basic principles on which it was built during the1990s and the importance of the monetary and fiscal policy co-ordination in effective debt management implementation are discussed. The authors try to explain the main factors that are behind the substantial state debt increases in the course of several recent years and to discuss some of the topical issues connected to the debt management targets and procedures. The paper provides a basic description of the instruments used and the conceptual and institutional framework of the Czech Republic debt management system with a particular emphasis on the role of the central bank.
Volume (Year): 2005 (2005)
Issue (Month): 1 ()
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References listed on IDEAS
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- Teresa Ter-Minassian & Pedro MartÃnez-MÃ©ndez & Pedro Pullen Parente, 1995. "Setting Up a Treasury in Economies in Transition," IMF Working Papers 95/16, International Monetary Fund.
- Lockwood, Ben & Philippopoulos, Apostolis & Snell, Andy, 1996. "Fiscal Policy, Public Debt Stabilisation and Politics: Theory and UK Evidence," Economic Journal, Royal Economic Society, vol. 106(437), pages 894-911, July.
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