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Public debt management

Alessandro Missale · 2000

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About the book

"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 financially integrated markets. This book surveys theories and evidence on public debt composition and debt returns, 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 reference for researchers and satisfies the increasing demand by policymakers for sound economic principles to guide the choice of debt instruments."--Jacket.

Book details

Year
2000
Language
English
Publisher
Oxford University Press, USA
Editions
1
Pages
320
ISBN
9780198290858

Data source: Wikidata