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Public Debt Management

Name: Public Debt Management
Brand: Oxford University Press
SKU: 04525073
Price: 197.79 EUR
Availability: InStock
Author: Alessandro Missale
ISBN: 9780198290858

Alessandro Missale

Language

English

Book Hardback

Libristo code: 04525073

Publishers Oxford University Press, November 1999

The choice of currency denomination, indexation, and maturity structure of public debt is an increas... Full description

Libristo code: 04525073

484 b

197.79 € VAT included

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The choice of currency denomination, indexation, and maturity structure of public debt is an increasingly important aspect of policy in a world of high debts and and financially integrated markets. This book surveys theories and evidence on public debt composition and debt returns with the goal of emphasizing the main policy issues. The effects of debt management on financial markets, risk-sharing, policy credibility, interest costs, and taxation are evaluated within a unified theoretical framework. The analysis clarifies the trade-off involved in policy decisions and shows how to use theory and evidence to answer practical policy problems. This book is a valuable reference to researchers and satisfies the increasing demand by policymakers for sound economic principles to guide the choice of debt instruments.