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Public Debt Management - Alessandro Missale

Public Debt Management

Hardcover

Published: 1st September 1999
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The choice of currency denomination, indexation, and maturity structure of public debt is an increasingly important aspect of policy in a world of high debts and and financially integrated markets. This book surveys theories and evidence on public debt composition and debt returns with the goal of emphasizing the main policy issues. The effects of debt management on financial markets, risk-sharing, policy credibility, interest costs, and taxation are evaluated within a unified theoretical framework. The analysis clarifies the trade-off involved in policy decisions and shows how to use theory and evidence to answer practical policy problems. This book is a valuable reference to researchers and satisfies the increasing demand by policymakers for sound economic principles to guide the choice of debt instruments.

Policy Issues The Effects of Debt Management How Should the Public Debt be Managed? Debt Composition and Debt Maturity: The Evidence Minimizing Risk Minimizing Cost Policy Conclusions Appendix: Data and Data Sources

ISBN: 9780198290858
ISBN-10: 0198290853
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 320
Published: 1st September 1999
Publisher: Oxford University Press
Country of Publication: GB
Dimensions (cm): 24.2 x 16.4  x 2.2
Weight (kg): 0.59