The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition: Issues and Lessons From Experience
December 1, 1994
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Summary
In economies in transition, the development of financial markets is a common objective linking the monetary and fiscal authorities, while monetary and public debt management cannot be strictly separated. This calls for close coordination of objectives and instruments of monetary and debt management, and the development of supporting institutional and operational arrangements. Key aspects of these arrangements are surveyed.
Subject: Banking, Financial institutions, Financial markets, Government debt management, Government securities, Public financial management (PFM), Securities, Securities markets, Treasury bills and bonds
Keywords: adjustable rate, agency network, bank reserves, cash loss, central bank credit, central bank financing, central bank profit, credit auction, debt management office, Government debt management, Government securities, market development, monetary management, monetary management committee, primary market, Securities, Securities markets, treasury bill market, Treasury bills and bonds, WP
Pages:
60
Volume:
1994
DOI:
Issue:
148
Series:
Working Paper No. 1994/148
Stock No:
WPIEA1481994
ISBN:
9781451856774
ISSN:
1018-5941
