A Compendium of Policy Instruments to Enhance Financial Stability and Debt Management in Emerging Market Economies

Ronald Mendoza

Working Papers from United Nations, Department of Economics and Social Affairs

Abstract: Drawing on available theory and evidence, this paper attempts to identify some key factors contributing to international financial instability to develop ataxonomy of policy instruments to enhance financial stability and debt management in emerging market economies. The purpose is to relate each instrument to particular aspects of the broader policy challenge,thus clarifying differences and/or similarities among instruments and proposals. The analysissuggests instruments that could help increase the efficiency of risk management strategies(such as growth- or GDP-indexed bonds) and enhance the effectiveness of debt management,growth and development policies (such as a stability and social investment facility).

Keywords: debt sustainability; debt trap; emerging markets; financial stability (search for similar items in EconPapers)
JEL-codes: F33 F34 H63 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2007-07
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:une:wpaper:48

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