Research on the Challenge and Reform of Financial Crisis in Public Debt Management
Dingyuan Zhang ()
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Dingyuan Zhang: University of Birmingham
A chapter in Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022), 2023, pp 634-640 from Springer
Abstract:
Abstract After the financial crisis, the European sovereign debt crisis gradually broke out. This problem highlights the importance of public debt management. Constantly improving the current public management mechanism is the primary task of global economic governance. Based on the “Guidelines for Public Debt Management” implemented at the international level, corresponding instructions have been made on the management of public debts in various countries, but there are still some deficiencies in the financial crisis. Based on this, countries also need to continuously reform public debt management according to the actual governance situation. For example, strengthening the technical management of public debt, effectively alleviating the pressure of public debt in various countries, further optimizing the principles of public debt management, promoting the orderly development of public debt, and strengthening the coordination between public debt management and other mechanisms, preventing debt management and other policies from conflicting, and then welcoming financial Challenges posed by the crisis.
Keywords: public debt management; financial crisis; challenge; reform (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-054-1_69
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DOI: 10.2991/978-94-6463-054-1_69
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