Sound Practice in Government Debt Management
Government debt management has a long tradition. More than three centuries ago, the Bank of England was managing government debt, and the origins of Sweden's National Debt Office go back to 1789.1 In recent years, there has been a move toward...
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Washington, DC: World Bank
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/01/3583110/sound-practice-government-debt-management http://hdl.handle.net/10986/15017 |
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okr-10986-150172021-04-23T14:03:12Z Sound Practice in Government Debt Management Wheeler, Graeme DEBT MANAGEMENT MACROECONOMIC MANAGEMENT BANKING CRISES FISCAL POLICY CASH MANAGEMENT FINANCIAL MARKETS GOVERNANCE CAPACITY LEGAL FRAMEWORK MANAGEMENT CAPACITY RISK MANAGEMENT POLICIES POLICY FRAMEWORK LIABILITIES BOND MARKETS CAPACITY BUILDING ACCOUNTABILITY GOVERNMENT SECURITIES DEVELOPING COUNTRIES HUMAN RESOURCE MANAGEMENT POVERTY FOREIGN CURRENCY BORROWING ACCOUNTABILITY ASSET AND LIABILITY MANAGEMENT ASSET MANAGEMENT BALANCE SHEET BANK NOTES BANK OF ENGLAND BANKING CRISES BANKING SECTOR BANKING SYSTEM BANKING SYSTEMS BOND MARKET BOND MARKETS BONDS BORROWING BORROWING ARRANGEMENTS BUDGET DEFICITS CAPITAL FLOWS CAPITAL MARKETS CASH MANAGEMENT CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDIT RISK DEBT FLOWS DEBT INSTRUMENTS DEBT MANAGEMENT DEBT MARKETS DEBT OBLIGATIONS DEBT OUTSTANDING DEBT RENEGOTIATIONS DEBT SERVICE DEBT SERVICING DEBTS DEPOSITS DEREGULATION DOMESTIC DEBT ECONOMIC GROWTH EXCHANGE RATES EXPENDITURES FINANCIAL CRISES FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MANAGEMENT FINANCIAL RISK FINANCIAL STABILITY FINANCIAL TRANSACTIONS FISCAL DECENTRALIZATION FISCAL DISCIPLINE FISCAL POLICY FOREIGN EXCHANGE GOVERNMENT BONDS GOVERNMENT DEBT GOVERNMENT SECURITIES GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT INCOME DISTRIBUTION INFLATION INTEREST RATES INTERNAL CONTROLS LEGAL FRAMEWORK LEGISLATION LIABILITY MANAGEMENT LIBERALIZATION OF FINANCIAL MARKETS LICENSES LIQUID ASSETS LIQUIDITY MANAGEMENT LOAN GUARANTEES MACROECONOMIC STABILITY MANAGEMENT INFORMATION SYSTEMS MANAGEMENT OPERATIONS MARKET RISK MORAL HAZARD NATIONAL DEBT OPERATIONAL RISK OUTSTANDING DEBT OVERDRAFTS PRIVATE SECTOR PRIVATIZATION PRODUCTIVITY PROMISSORY NOTES PROVISIONS PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC GOODS PUBLIC POLICY PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR MANAGEMENT RECAPITALIZATION REPAYMENT RESOURCE ALLOCATION RISK MANAGEMENT RISK TAKING SAVINGS SECURITIES MARKETS STRUCTURE OF GOVERNMENT SUBSIDIARY TAX TAX RATES TAX REVENUE TAX REVENUES TAXATION TRANSACTION COSTS TRANSPARENCY TREASURY TREASURY BILLS UNDERWRITING YIELD CURVE Government debt management has a long tradition. More than three centuries ago, the Bank of England was managing government debt, and the origins of Sweden's National Debt Office go back to 1789.1 In recent years, there has been a move toward building the professionalism of government debt management, beginning with the establishment of the New Zealand Debt Management Office in 1988 and Ireland's National Treasury Management Agency in 1990. It is no accident that the countries that were the first to substantially upgrade their government debt management in the late 1980s and early 1990s were those with histories of fiscal problems, high ratios of public sector debt to gross domestic product (GDP), and a large proportion of foreign currency debt in their government debt portfolios.2 These same features are characteristic of many developing countries today. Concern over rising government indebtedness has been a factor behind debt management reforms in Brazil, China, Colombia, India, the Republic of Korea, Mexico, South Africa, and Thailand, and it helps explain why several other governments, including those of Jordan, Lebanon, and Peru, are considering extensive reforms in government debt management. 2013-08-12T18:33:32Z 2013-08-12T18:33:32Z 2004 http://documents.worldbank.org/curated/en/2004/01/3583110/sound-practice-government-debt-management 0-8213-5073-0 http://hdl.handle.net/10986/15017 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
DEBT MANAGEMENT MACROECONOMIC MANAGEMENT BANKING CRISES FISCAL POLICY CASH MANAGEMENT FINANCIAL MARKETS GOVERNANCE CAPACITY LEGAL FRAMEWORK MANAGEMENT CAPACITY RISK MANAGEMENT POLICIES POLICY FRAMEWORK LIABILITIES BOND MARKETS CAPACITY BUILDING ACCOUNTABILITY GOVERNMENT SECURITIES DEVELOPING COUNTRIES HUMAN RESOURCE MANAGEMENT POVERTY FOREIGN CURRENCY BORROWING ACCOUNTABILITY ASSET AND LIABILITY MANAGEMENT ASSET MANAGEMENT BALANCE SHEET BANK NOTES BANK OF ENGLAND BANKING CRISES BANKING SECTOR BANKING SYSTEM BANKING SYSTEMS BOND MARKET BOND MARKETS BONDS BORROWING BORROWING ARRANGEMENTS BUDGET DEFICITS CAPITAL FLOWS CAPITAL MARKETS CASH MANAGEMENT CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDIT RISK DEBT FLOWS DEBT INSTRUMENTS DEBT MANAGEMENT DEBT MARKETS DEBT OBLIGATIONS DEBT OUTSTANDING DEBT RENEGOTIATIONS DEBT SERVICE DEBT SERVICING DEBTS DEPOSITS DEREGULATION DOMESTIC DEBT ECONOMIC GROWTH EXCHANGE RATES EXPENDITURES FINANCIAL CRISES FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MANAGEMENT FINANCIAL RISK FINANCIAL STABILITY FINANCIAL TRANSACTIONS FISCAL DECENTRALIZATION FISCAL DISCIPLINE FISCAL POLICY FOREIGN EXCHANGE GOVERNMENT BONDS GOVERNMENT DEBT GOVERNMENT SECURITIES GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT INCOME DISTRIBUTION INFLATION INTEREST RATES INTERNAL CONTROLS LEGAL FRAMEWORK LEGISLATION LIABILITY MANAGEMENT LIBERALIZATION OF FINANCIAL MARKETS LICENSES LIQUID ASSETS LIQUIDITY MANAGEMENT LOAN GUARANTEES MACROECONOMIC STABILITY MANAGEMENT INFORMATION SYSTEMS MANAGEMENT OPERATIONS MARKET RISK MORAL HAZARD NATIONAL DEBT OPERATIONAL RISK OUTSTANDING DEBT OVERDRAFTS PRIVATE SECTOR PRIVATIZATION PRODUCTIVITY PROMISSORY NOTES PROVISIONS PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC GOODS PUBLIC POLICY PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR MANAGEMENT RECAPITALIZATION REPAYMENT RESOURCE ALLOCATION RISK MANAGEMENT RISK TAKING SAVINGS SECURITIES MARKETS STRUCTURE OF GOVERNMENT SUBSIDIARY TAX TAX RATES TAX REVENUE TAX REVENUES TAXATION TRANSACTION COSTS TRANSPARENCY TREASURY TREASURY BILLS UNDERWRITING YIELD CURVE |
| spellingShingle |
DEBT MANAGEMENT MACROECONOMIC MANAGEMENT BANKING CRISES FISCAL POLICY CASH MANAGEMENT FINANCIAL MARKETS GOVERNANCE CAPACITY LEGAL FRAMEWORK MANAGEMENT CAPACITY RISK MANAGEMENT POLICIES POLICY FRAMEWORK LIABILITIES BOND MARKETS CAPACITY BUILDING ACCOUNTABILITY GOVERNMENT SECURITIES DEVELOPING COUNTRIES HUMAN RESOURCE MANAGEMENT POVERTY FOREIGN CURRENCY BORROWING ACCOUNTABILITY ASSET AND LIABILITY MANAGEMENT ASSET MANAGEMENT BALANCE SHEET BANK NOTES BANK OF ENGLAND BANKING CRISES BANKING SECTOR BANKING SYSTEM BANKING SYSTEMS BOND MARKET BOND MARKETS BONDS BORROWING BORROWING ARRANGEMENTS BUDGET DEFICITS CAPITAL FLOWS CAPITAL MARKETS CASH MANAGEMENT CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDIT RISK DEBT FLOWS DEBT INSTRUMENTS DEBT MANAGEMENT DEBT MARKETS DEBT OBLIGATIONS DEBT OUTSTANDING DEBT RENEGOTIATIONS DEBT SERVICE DEBT SERVICING DEBTS DEPOSITS DEREGULATION DOMESTIC DEBT ECONOMIC GROWTH EXCHANGE RATES EXPENDITURES FINANCIAL CRISES FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MANAGEMENT FINANCIAL RISK FINANCIAL STABILITY FINANCIAL TRANSACTIONS FISCAL DECENTRALIZATION FISCAL DISCIPLINE FISCAL POLICY FOREIGN EXCHANGE GOVERNMENT BONDS GOVERNMENT DEBT GOVERNMENT SECURITIES GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT INCOME DISTRIBUTION INFLATION INTEREST RATES INTERNAL CONTROLS LEGAL FRAMEWORK LEGISLATION LIABILITY MANAGEMENT LIBERALIZATION OF FINANCIAL MARKETS LICENSES LIQUID ASSETS LIQUIDITY MANAGEMENT LOAN GUARANTEES MACROECONOMIC STABILITY MANAGEMENT INFORMATION SYSTEMS MANAGEMENT OPERATIONS MARKET RISK MORAL HAZARD NATIONAL DEBT OPERATIONAL RISK OUTSTANDING DEBT OVERDRAFTS PRIVATE SECTOR PRIVATIZATION PRODUCTIVITY PROMISSORY NOTES PROVISIONS PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC GOODS PUBLIC POLICY PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR MANAGEMENT RECAPITALIZATION REPAYMENT RESOURCE ALLOCATION RISK MANAGEMENT RISK TAKING SAVINGS SECURITIES MARKETS STRUCTURE OF GOVERNMENT SUBSIDIARY TAX TAX RATES TAX REVENUE TAX REVENUES TAXATION TRANSACTION COSTS TRANSPARENCY TREASURY TREASURY BILLS UNDERWRITING YIELD CURVE Wheeler, Graeme Sound Practice in Government Debt Management |
| description |
Government debt management has a long
tradition. More than three centuries ago, the Bank of
England was managing government debt, and the origins of
Sweden's National Debt Office go back to 1789.1 In
recent years, there has been a move toward building the
professionalism of government debt management, beginning
with the establishment of the New Zealand Debt Management
Office in 1988 and Ireland's National Treasury
Management Agency in 1990. It is no accident that the
countries that were the first to substantially upgrade their
government debt management in the late 1980s and early 1990s
were those with histories of fiscal problems, high ratios of
public sector debt to gross domestic product (GDP), and a
large proportion of foreign currency debt in their
government debt portfolios.2 These same features are
characteristic of many developing countries today. Concern
over rising government indebtedness has been a factor behind
debt management reforms in Brazil, China, Colombia, India,
the Republic of Korea, Mexico, South Africa, and Thailand,
and it helps explain why several other governments,
including those of Jordan, Lebanon, and Peru, are
considering extensive reforms in government debt management. |
| format |
Publications & Research :: Publication |
| author |
Wheeler, Graeme |
| author_facet |
Wheeler, Graeme |
| author_sort |
Wheeler, Graeme |
| title |
Sound Practice in Government Debt Management |
| title_short |
Sound Practice in Government Debt Management |
| title_full |
Sound Practice in Government Debt Management |
| title_fullStr |
Sound Practice in Government Debt Management |
| title_full_unstemmed |
Sound Practice in Government Debt Management |
| title_sort |
sound practice in government debt management |
| publisher |
Washington, DC: World Bank |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/01/3583110/sound-practice-government-debt-management http://hdl.handle.net/10986/15017 |
| _version_ |
1764425980684795904 |