Coordinating Public Debt and Monetary Management

Books, April 15, 1997

Source details

Edited by V. Sundararajan, Peter Dattels, and Hans Blommestein.
Outlines strategies for managing public debt and developing government securities markets.
Focuses on coordinating public debt and government securities market development with monetary management through legal, administrative, and operational arrangements.
Surveys both transition and market economies.
Analysis draws partly on the literature on the microstructure of markets and auction systems and on selected country experiences.

Strategies for public debt management:
- Emphasis on legal, administrative, and operational arrangements to manage public debt effectively.
Government securities market development:
- Approaches to developing government securities markets that support debt management objectives.
Coordination with monetary management:
- Frameworks for aligning debt management operations with monetary policy and operations.
Market microstructure and auction systems:
- Insights drawn from literature on market microstructure and auction systems to inform practical arrangements.
Country experiences:
- Comparative survey of experiences from transition economies and market economies to illustrate implementation and outcomes.