Managing Public Debt and Its Financial Stability Implications

Udaibir Das, Jay Surti, Faisal Ahmed, Michael Papaioannou and Guilherme Pedras

No 2010/280, IMF Working Papers from International Monetary Fund

Abstract: This paper explores the relationship between the level and management of public debt and financial stability, and explains the channels through which the two are interlinked. It suggests that the broader implications of a debt management strategy and its implementation should be carefully analyzed by debt managers and policy makers in terms of their impact on the government's balance sheet, macroeconomic developments, and the financial system.

Keywords: WP; investor; market; debt; bond market (search for similar items in EconPapers)
Pages: 27
Date: 2010-12-01
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Citations: View citations in EconPapers (41)

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