Public Debt Indexation and Denomination with an Independent Central Bank
Title | Public Debt Indexation and Denomination with an Independent Central Bank PDF eBook |
Author | Elisabetta Falcetti |
Publisher | |
Pages | 28 |
Release | 2000 |
Genre | |
ISBN |
Public Debt Indexation and Denomination with an Independent Central Bank
Title | Public Debt Indexation and Denomination with an Independent Central Bank PDF eBook |
Author | Elisabetta Edvige Emilia Falcetti |
Publisher | |
Pages | 0 |
Release | 2000 |
Genre | |
ISBN |
Public Debt Indexation and Denomination
Title | Public Debt Indexation and Denomination PDF eBook |
Author | Mr.Ilan Goldfajn |
Publisher | International Monetary Fund |
Pages | 29 |
Release | 1998-02-01 |
Genre | Business & Economics |
ISBN | 1451922809 |
The paper models the optimal debt management strategy of the public sector when issuing nominal, price-level-indexed and foreign-denominated debt securities. The model predicts that the variance of inflation, the size of the public debt, the variance of the real exchange rate, and the correlation of inflation with public expenditures are the main determinants of public debt management. Using this framework, the paper analyzes the Brazilian experience with indexed debt in the last decade. In particular, it explains the large increase of indexed public debt in Brazil prior to the 1994 Real plan and, thereafter, the steady decline in its use.
Public Debt Indexation and Denomination with an Indipendent Central Bank
Title | Public Debt Indexation and Denomination with an Indipendent Central Bank PDF eBook |
Author | Elisabetta Falcetti |
Publisher | |
Pages | 0 |
Release | 2000 |
Genre | |
ISBN |
The Federal Reserve System Purposes and Functions
Title | The Federal Reserve System Purposes and Functions PDF eBook |
Author | Board of Governors of the Federal Reserve System |
Publisher | |
Pages | 0 |
Release | 2002 |
Genre | Banks and Banking |
ISBN | 9780894991967 |
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Guidelines for Public Debt Management -- Amended
Title | Guidelines for Public Debt Management -- Amended PDF eBook |
Author | International Monetary Fund |
Publisher | International Monetary Fund |
Pages | 39 |
Release | 2003-09-12 |
Genre | Business & Economics |
ISBN | 149832892X |
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Sovereign Debt Structure for Crisis Prevention
Title | Sovereign Debt Structure for Crisis Prevention PDF eBook |
Author | Mr.Eduardo Borensztein |
Publisher | International Monetary Fund |
Pages | 72 |
Release | 2005-01-26 |
Genre | Business & Economics |
ISBN | 1589063775 |
The debate on government debt in the context of possible reforms of the international financial architecture has thus far focused on crisis resolution. This paper seeks to broaden this debate. It asks how government debt could be structured to pursue other objectives, including crisis prevention, international risk-sharing, and facilitating the adjustment of fiscal variables to changes in domestic economic conditions. To that end, the paper considers recently developed analytical approaches to improving sovereign debt structure using existing instruments, and reviews a number of proposals--including the introduction of explicit seniority and GDP-linked instruments--in the sovereign context.