Coordinating Public Debt and Monetary Management During Financial Reforms


Sérgio Pereira. Leite

Publication Date:

October 1, 1992

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate


The paper analyzes the interplay between public debt and monetary management during financial reforms, and provides suggestions on collaboration between the central bank and the treasury to achieve common objectives. It discusses monetary policy and public debt at the onset and through different phases of a financial reform and emphasizes that many objectives of public debt and monetary management are mutually supportive. It recommends the setting up of units to deal with public debt issues both at the treasury and the central bank, as well as a committee to coordinate public debt and monetary management.


Working Paper No. 1992/084



Paper presented at the Second OECD Workshop on Government Securities and Debt Management in Central and Eastern Europe in Budapest, Hungary in June 1992.


Publication Date:

October 1, 1992



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