A Cross-Country Analysis of Public Debt Management Strategies

This paper analyzes results of a survey on debt management strategies conducted by the Banking and Debt Management Department of the World Bank. The analysis focuses on (1) whether a public debt management strategy exists in a given country, (2) wh...

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Main Author:	Melecky, Martin
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	AVERAGE GROWTH BALANCE SHEET BENCHMARK BENCHMARKS BILATERAL DONORS BLEND COUNTRIES CAPITAL ADEQUACY CENTRAL BANK CENTRAL BANK INDEPENDENCE CENTRAL GOVERNMENT DEBT COMMODITIES CRISES EPISODES CURRENCY COMPOSITION CURRENCY RISK CURRENT ACCOUNT DEBT COMPOSITION DEBT INSTRUMENTS DEBT LEVELS DEBT MANAGEMENT AUTHORITIES DEBT MANAGEMENT AUTHORITY DEBT MANAGEMENT DEPARTMENT DEBT MANAGEMENT GUIDELINES DEBT MANAGEMENT OPERATIONS DEBT MANAGEMENT POLICY DEBT MANAGEMENT PRACTICE DEBT MANAGEMENT STRATEGIES DEBT MANAGEMENT STRATEGY DEBT MANAGERS DEBT MARKETS DEBT OBLIGATIONS DEBT PORTFOLIO DEBT RENEGOTIATIONS DEBT SERVICING DEBT STRATEGIES DEBT STRATEGY DEBT SUSTAINABILITY DEBT SUSTAINABILITY ISSUES DEGREE OF RISK DEGREE OF TRANSPARENCY DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DOMESTIC BOND DOMESTIC BOND MARKET DOMESTIC BOND MARKET DEVELOPMENT DOMESTIC CURRENCY DUMMY VARIABLES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INDICATORS EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORTS EXTERNAL SHOCK EXTERNAL SHOCKS FISCAL SUSTAINABILITY FOREIGN AID FOREIGN CURRENCY FOREIGN CURRENCY DEBT FOREIGN EXCHANGE GDP GDP PER CAPITA GOVERNMENT BONDS GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT INDEBTEDNESS GOVERNMENT POLICIES GOVERNMENT REVENUES GROSS DOMESTIC PRODUCT GROWTH RATE HIGHLY INDEBTED COUNTRIES INCIDENCE OF DEBT INCOME INCOME GROUP INCOME GROUPS INCOME LEVELS INCOME RANGES INDEBTEDNESS INSTRUMENT INTEREST RATE INTEREST RATE RISK INTERNATIONAL BANK LEVEL OF DEBT LOCAL CURRENCIES LOW COST LOW INCOME MACROECONOMIC MANAGEMENT MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMICS MATURITY MATURITY STRUCTURE MIDDLE EAST MONETARY FUND MONETARY POLICIES MONETARY POLICY NATIONAL GOVERNMENTS NORTH AFRICA ORGANIZATIONAL STRUCTURE PAYMENT OBLIGATIONS PEER PRESSURE PERPETUITY PORTFOLIOS POSITIVE EXTERNALITY PRICE STABILITY PRIVATE BORROWER PRIVATE INVESTOR PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PROBABILITY PUBLIC PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC DEBT MANAGERS PUBLIC FINANCE PUBLIC GOODS PUBLIC SECTOR QUALITY OF DEBT MANAGEMENT QUESTIONNAIRE REAL GDP REGIONAL DUMMIES REGIONAL DUMMY REGRESSION ANALYSES REGRESSION ANALYSIS REMITTANCES RESEARCH ASSISTANCE RESERVES RISK MANAGEMENT SENIOR SOLVENCY SOURCE OF INFORMATION SUB-SAHARAN AFRICA TAX TAX REVENUES TOTAL DEBT TOTAL EXTERNAL DEBT TRANSPARENCY WAGE
Online Access:	http://documents.worldbank.org/curated/en/2007/07/7998336/cross-country-analysis-public-debt-management-strategies http://hdl.handle.net/10986/7474

id	okr-10986-7474
recordtype	oai_dc
spelling	okr-10986-74742021-04-23T14:02:33Z A Cross-Country Analysis of Public Debt Management Strategies Melecky, Martin AVERAGE GROWTH BALANCE SHEET BENCHMARK BENCHMARKS BILATERAL DONORS BLEND COUNTRIES CAPITAL ADEQUACY CENTRAL BANK CENTRAL BANK INDEPENDENCE CENTRAL GOVERNMENT DEBT COMMODITIES CRISES EPISODES CURRENCY COMPOSITION CURRENCY RISK CURRENT ACCOUNT DEBT COMPOSITION DEBT INSTRUMENTS DEBT LEVELS DEBT MANAGEMENT AUTHORITIES DEBT MANAGEMENT AUTHORITY DEBT MANAGEMENT DEPARTMENT DEBT MANAGEMENT GUIDELINES DEBT MANAGEMENT OPERATIONS DEBT MANAGEMENT POLICY DEBT MANAGEMENT PRACTICE DEBT MANAGEMENT STRATEGIES DEBT MANAGEMENT STRATEGY DEBT MANAGERS DEBT MARKETS DEBT OBLIGATIONS DEBT PORTFOLIO DEBT RENEGOTIATIONS DEBT SERVICING DEBT STRATEGIES DEBT STRATEGY DEBT SUSTAINABILITY DEBT SUSTAINABILITY ISSUES DEGREE OF RISK DEGREE OF TRANSPARENCY DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DOMESTIC BOND DOMESTIC BOND MARKET DOMESTIC BOND MARKET DEVELOPMENT DOMESTIC CURRENCY DUMMY VARIABLES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INDICATORS EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORTS EXTERNAL SHOCK EXTERNAL SHOCKS FISCAL SUSTAINABILITY FOREIGN AID FOREIGN CURRENCY FOREIGN CURRENCY DEBT FOREIGN EXCHANGE GDP GDP PER CAPITA GOVERNMENT BONDS GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT INDEBTEDNESS GOVERNMENT POLICIES GOVERNMENT REVENUES GROSS DOMESTIC PRODUCT GROWTH RATE HIGHLY INDEBTED COUNTRIES INCIDENCE OF DEBT INCOME INCOME GROUP INCOME GROUPS INCOME LEVELS INCOME RANGES INDEBTEDNESS INSTRUMENT INTEREST RATE INTEREST RATE RISK INTERNATIONAL BANK LEVEL OF DEBT LOCAL CURRENCIES LOW COST LOW INCOME MACROECONOMIC MANAGEMENT MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMICS MATURITY MATURITY STRUCTURE MIDDLE EAST MONETARY FUND MONETARY POLICIES MONETARY POLICY NATIONAL GOVERNMENTS NORTH AFRICA ORGANIZATIONAL STRUCTURE PAYMENT OBLIGATIONS PEER PRESSURE PERPETUITY PORTFOLIOS POSITIVE EXTERNALITY PRICE STABILITY PRIVATE BORROWER PRIVATE INVESTOR PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PROBABILITY PUBLIC PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC DEBT MANAGERS PUBLIC FINANCE PUBLIC GOODS PUBLIC SECTOR QUALITY OF DEBT MANAGEMENT QUESTIONNAIRE REAL GDP REGIONAL DUMMIES REGIONAL DUMMY REGRESSION ANALYSES REGRESSION ANALYSIS REMITTANCES RESEARCH ASSISTANCE RESERVES RISK MANAGEMENT SENIOR SOLVENCY SOURCE OF INFORMATION SUB-SAHARAN AFRICA TAX TAX REVENUES TOTAL DEBT TOTAL EXTERNAL DEBT TRANSPARENCY WAGE This paper analyzes results of a survey on debt management strategies conducted by the Banking and Debt Management Department of the World Bank. The analysis focuses on (1) whether a public debt management strategy exists in a given country, (2) whether it is made public, and (3) in which form it is imparted. The paper analyzes the distribution of the latter characteristics over different regions, income groups, and levels of indebtedness using graphical analysis. Using regression analysis, it investigates the extent to which basic economic factors can explain the characteristics of public debt management strategies across countries. 2012-06-07T21:10:09Z 2012-06-07T21:10:09Z 2007-07 http://documents.worldbank.org/curated/en/2007/07/7998336/cross-country-analysis-public-debt-management-strategies http://hdl.handle.net/10986/7474 English Policy Research Working Paper; No. 4287 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	AVERAGE GROWTH BALANCE SHEET BENCHMARK BENCHMARKS BILATERAL DONORS BLEND COUNTRIES CAPITAL ADEQUACY CENTRAL BANK CENTRAL BANK INDEPENDENCE CENTRAL GOVERNMENT DEBT COMMODITIES CRISES EPISODES CURRENCY COMPOSITION CURRENCY RISK CURRENT ACCOUNT DEBT COMPOSITION DEBT INSTRUMENTS DEBT LEVELS DEBT MANAGEMENT AUTHORITIES DEBT MANAGEMENT AUTHORITY DEBT MANAGEMENT DEPARTMENT DEBT MANAGEMENT GUIDELINES DEBT MANAGEMENT OPERATIONS DEBT MANAGEMENT POLICY DEBT MANAGEMENT PRACTICE DEBT MANAGEMENT STRATEGIES DEBT MANAGEMENT STRATEGY DEBT MANAGERS DEBT MARKETS DEBT OBLIGATIONS DEBT PORTFOLIO DEBT RENEGOTIATIONS DEBT SERVICING DEBT STRATEGIES DEBT STRATEGY DEBT SUSTAINABILITY DEBT SUSTAINABILITY ISSUES DEGREE OF RISK DEGREE OF TRANSPARENCY DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DOMESTIC BOND DOMESTIC BOND MARKET DOMESTIC BOND MARKET DEVELOPMENT DOMESTIC CURRENCY DUMMY VARIABLES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INDICATORS EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORTS EXTERNAL SHOCK EXTERNAL SHOCKS FISCAL SUSTAINABILITY FOREIGN AID FOREIGN CURRENCY FOREIGN CURRENCY DEBT FOREIGN EXCHANGE GDP GDP PER CAPITA GOVERNMENT BONDS GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT INDEBTEDNESS GOVERNMENT POLICIES GOVERNMENT REVENUES GROSS DOMESTIC PRODUCT GROWTH RATE HIGHLY INDEBTED COUNTRIES INCIDENCE OF DEBT INCOME INCOME GROUP INCOME GROUPS INCOME LEVELS INCOME RANGES INDEBTEDNESS INSTRUMENT INTEREST RATE INTEREST RATE RISK INTERNATIONAL BANK LEVEL OF DEBT LOCAL CURRENCIES LOW COST LOW INCOME MACROECONOMIC MANAGEMENT MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMICS MATURITY MATURITY STRUCTURE MIDDLE EAST MONETARY FUND MONETARY POLICIES MONETARY POLICY NATIONAL GOVERNMENTS NORTH AFRICA ORGANIZATIONAL STRUCTURE PAYMENT OBLIGATIONS PEER PRESSURE PERPETUITY PORTFOLIOS POSITIVE EXTERNALITY PRICE STABILITY PRIVATE BORROWER PRIVATE INVESTOR PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PROBABILITY PUBLIC PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC DEBT MANAGERS PUBLIC FINANCE PUBLIC GOODS PUBLIC SECTOR QUALITY OF DEBT MANAGEMENT QUESTIONNAIRE REAL GDP REGIONAL DUMMIES REGIONAL DUMMY REGRESSION ANALYSES REGRESSION ANALYSIS REMITTANCES RESEARCH ASSISTANCE RESERVES RISK MANAGEMENT SENIOR SOLVENCY SOURCE OF INFORMATION SUB-SAHARAN AFRICA TAX TAX REVENUES TOTAL DEBT TOTAL EXTERNAL DEBT TRANSPARENCY WAGE
spellingShingle	AVERAGE GROWTH BALANCE SHEET BENCHMARK BENCHMARKS BILATERAL DONORS BLEND COUNTRIES CAPITAL ADEQUACY CENTRAL BANK CENTRAL BANK INDEPENDENCE CENTRAL GOVERNMENT DEBT COMMODITIES CRISES EPISODES CURRENCY COMPOSITION CURRENCY RISK CURRENT ACCOUNT DEBT COMPOSITION DEBT INSTRUMENTS DEBT LEVELS DEBT MANAGEMENT AUTHORITIES DEBT MANAGEMENT AUTHORITY DEBT MANAGEMENT DEPARTMENT DEBT MANAGEMENT GUIDELINES DEBT MANAGEMENT OPERATIONS DEBT MANAGEMENT POLICY DEBT MANAGEMENT PRACTICE DEBT MANAGEMENT STRATEGIES DEBT MANAGEMENT STRATEGY DEBT MANAGERS DEBT MARKETS DEBT OBLIGATIONS DEBT PORTFOLIO DEBT RENEGOTIATIONS DEBT SERVICING DEBT STRATEGIES DEBT STRATEGY DEBT SUSTAINABILITY DEBT SUSTAINABILITY ISSUES DEGREE OF RISK DEGREE OF TRANSPARENCY DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DOMESTIC BOND DOMESTIC BOND MARKET DOMESTIC BOND MARKET DEVELOPMENT DOMESTIC CURRENCY DUMMY VARIABLES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INDICATORS EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORTS EXTERNAL SHOCK EXTERNAL SHOCKS FISCAL SUSTAINABILITY FOREIGN AID FOREIGN CURRENCY FOREIGN CURRENCY DEBT FOREIGN EXCHANGE GDP GDP PER CAPITA GOVERNMENT BONDS GOVERNMENT BORROWING GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT INDEBTEDNESS GOVERNMENT POLICIES GOVERNMENT REVENUES GROSS DOMESTIC PRODUCT GROWTH RATE HIGHLY INDEBTED COUNTRIES INCIDENCE OF DEBT INCOME INCOME GROUP INCOME GROUPS INCOME LEVELS INCOME RANGES INDEBTEDNESS INSTRUMENT INTEREST RATE INTEREST RATE RISK INTERNATIONAL BANK LEVEL OF DEBT LOCAL CURRENCIES LOW COST LOW INCOME MACROECONOMIC MANAGEMENT MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMICS MATURITY MATURITY STRUCTURE MIDDLE EAST MONETARY FUND MONETARY POLICIES MONETARY POLICY NATIONAL GOVERNMENTS NORTH AFRICA ORGANIZATIONAL STRUCTURE PAYMENT OBLIGATIONS PEER PRESSURE PERPETUITY PORTFOLIOS POSITIVE EXTERNALITY PRICE STABILITY PRIVATE BORROWER PRIVATE INVESTOR PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PROBABILITY PUBLIC PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC DEBT MANAGERS PUBLIC FINANCE PUBLIC GOODS PUBLIC SECTOR QUALITY OF DEBT MANAGEMENT QUESTIONNAIRE REAL GDP REGIONAL DUMMIES REGIONAL DUMMY REGRESSION ANALYSES REGRESSION ANALYSIS REMITTANCES RESEARCH ASSISTANCE RESERVES RISK MANAGEMENT SENIOR SOLVENCY SOURCE OF INFORMATION SUB-SAHARAN AFRICA TAX TAX REVENUES TOTAL DEBT TOTAL EXTERNAL DEBT TRANSPARENCY WAGE Melecky, Martin A Cross-Country Analysis of Public Debt Management Strategies
relation	Policy Research Working Paper; No. 4287
description	This paper analyzes results of a survey on debt management strategies conducted by the Banking and Debt Management Department of the World Bank. The analysis focuses on (1) whether a public debt management strategy exists in a given country, (2) whether it is made public, and (3) in which form it is imparted. The paper analyzes the distribution of the latter characteristics over different regions, income groups, and levels of indebtedness using graphical analysis. Using regression analysis, it investigates the extent to which basic economic factors can explain the characteristics of public debt management strategies across countries.
format	Publications & Research :: Policy Research Working Paper
author	Melecky, Martin
author_facet	Melecky, Martin
author_sort	Melecky, Martin
title	A Cross-Country Analysis of Public Debt Management Strategies
title_short	A Cross-Country Analysis of Public Debt Management Strategies
title_full	A Cross-Country Analysis of Public Debt Management Strategies
title_fullStr	A Cross-Country Analysis of Public Debt Management Strategies
title_full_unstemmed	A Cross-Country Analysis of Public Debt Management Strategies
title_sort	cross-country analysis of public debt management strategies
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2007/07/7998336/cross-country-analysis-public-debt-management-strategies http://hdl.handle.net/10986/7474
_version_	1764402117647269888

A Cross-Country Analysis of Public Debt Management Strategies

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