IMF Working Papers

Managing Public Debt and Its Financial Stability Implications

By Udaibir S Das, Jay Surti, Faisal Ahmed, Michael G. Papaioannou, Guilherme Pedras

December 1, 2010

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Udaibir S Das, Jay Surti, Faisal Ahmed, Michael G. Papaioannou, and Guilherme Pedras. Managing Public Debt and Its Financial Stability Implications, (USA: International Monetary Fund, 2010) accessed November 21, 2024
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

Summary

This paper explores the relationship between the level and management of public debt and financial stability, and explains the channels through which the two are interlinked. It suggests that the broader implications of a debt management strategy and its implementation should be carefully analyzed by debt managers and policy makers in terms of their impact on the government's balance sheet, macroeconomic developments, and the financial system.

Subject: Debt management, Financial crises, Financial sector stability, Government debt management, Public debt

Keywords: Bond market, Debt, Investor, Market, WP

Publication Details

  • Pages:

    27

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2010/280

  • Stock No:

    WPIEA2010280

  • ISBN:

    9781455210879

  • ISSN:

    1018-5941