Public Debt Management and the SGP

Alessandro Missale

Chapter 14 in The Stability and Growth Pact, 2001, pp 344-368 from Palgrave Macmillan

Abstract: Abstract No mention is made of debt management in the Stability and Growth Pact, but a careful choice of debt instruments is needed to control interest payments and budget deficits. Interest-cost minimisation is important especially in countries where interest payments absorb a large share of the budget. In the same countries avoiding the risk that interest rate shocks lead to large payments on short-term and floating-rate debt is equally important.

Keywords: Interest Rate; Monetary Policy; European Central Bank; Interest Payment; Inflation Target (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (5)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-62926-4_14

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230629264

DOI: 10.1057/9780230629264_14

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().