Growth And External Debt Management

Author : H.W. Singer,Soumitra Sharma
Publisher : Springer
Page : 291 pages
File Size : 51,7 Mb
Release : 1989-06-18
Category : Political Science
ISBN : 9781349109449

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Growth and External Debt Management by H.W. Singer,Soumitra Sharma Pdf

This volume contains a series of 21 papers presented at the International Conference of Economists, held at the University of Zagreb, Yugoslavia. The contributors discuss policy issues of macro-economic managment and offer general and overall approaches to the debt and growth problems of the 1980s.

Author : Thomas Martin Klein
Publisher : World Bank Publications
Page : 330 pages
File Size : 42,9 Mb
Release : 1994-01-01
Category : Business & Economics
ISBN : 0821328085

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External Debt Management by Thomas Martin Klein Pdf

World Bank Technical Paper 245. This document was designed primarily for staff of newly established debt management institutions within governments that are launching borrowing programs, and discusses the entire range of external debt management. Topics include the organizational procedures for negotiating foreign loans and credits, the control and coordination of borrowing decisions, risk management, the administration of new loans, and external debt accounting and statistics. Basic accounting principles are reviewed and the use of computers explored. The authors stress that the government unit with responsibility for meeting future debt service obligations should also play a major role in decisions regarding foreign borrowing. Reporting statistics on external debt is a crucial part of a country's relationship with the World Bank and other donors. The Bank has formal requirements for debt reporting by member nations and accurate accounting is a prerequisite to having loans considered by the Bank's Executive Board. This book is an essential reference for training and technical assistance programs in asset and liability mangement.

Author : Mr.Hassanali Mehran
Publisher : International Monetary Fund
Page : 346 pages
File Size : 44,5 Mb
Release : 1985-09-15
Category : Business & Economics
ISBN : 0939934485

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Ajustamento e Crescimento na Actual Conjuntura Económica Mundial by Mr.Hassanali Mehran Pdf

Edited by Hassanali Mehran, this volume is a compilation of 13 papers presented at a seminar organized by the IMF Institute and the Central Banking Department.

Author : International Monetary Fund,World Bank
Publisher : International Monetary Fund
Page : 39 pages
File Size : 46,8 Mb
Release : 2003-09-12
Category : Business & Economics
ISBN : 9781498328920

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Guidelines for Public Debt Management -- Amended by International Monetary Fund,World Bank Pdf

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Author : Chris Czerkawski
Publisher : Springer Science & Business Media
Page : 157 pages
File Size : 46,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642845499

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Theoretical and Policy-Oriented Aspects of the External Debt Economics by Chris Czerkawski Pdf

The past approach to the international debt crisis has been traditionally based on conventional banking principle in which debt had to be paid back in fuH and in time. International lending was a function of the perceived credit standing of debtor country and the return on investment (ROI). If debtor country run into difficulties and had problems with service payments - it was generally assumed that the debt-related expenditures were mismanaged. With economic stability and firm financial rules - the debt crisis was supposed to disappear after application of appropriate adjustment measures. However in the world of inconsistent lending criteria greater uncertainty and increased volatility of expectations - the problem has continued to get worse. At the beginning of the 1990s a number of countries are more indebted than at any other time in the past. Until mid 1980s extern al debt economics has been rather a disembodied concept for most economists and business leaders. The main reason for this neglect of one of the most important macroeconomic categories was difficulty of distinguishing terminologically and methodologically the domestic determinants of national expenditures from the external ones. Then there were conceptual problems in distinguishing the functional determinants of macroeconomic liquidity from external and domestic determinants of macro-economic solvency. Moreover many studies of the debt crisis were one-sided. Usually debt was seen as a 'white-black' phenomenon with debtor countries accusing creditor countries for causing the crisis and vice versa.

Author : James A. Hanson
Publisher : World Bank Publications
Page : 41 pages
File Size : 55,7 Mb
Release : 2012
Category : Electronic
ISBN : 8210379456XXX

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the growth in government domestic debt: changing burdens and risks by James A. Hanson Pdf

Abstract: This paper analyzes the recent growth of government domestic debt, including central bank debt, using a new data base on government domestic debt in developing countries with large, open financial systems. On average, government domestic debt grew much faster than GDP between 1994 and 2004 and became larger than foreign debt. The rapid growth of domestic debt reflects financial crises, the growth of central bank debt and the greater attractiveness to governments of issuing domestic debt as well as the recent increase in demands for it. Both its attractiveness and the increased demands for it reflect the current benign international environment to some degree. The main risk of government debt, domestic or foreign, remains its overall size relative to a country's fiscal, financial, and political institutions. While government domestic debt can help the domestic private capital market, large domestic debt, like large external debt, has risks. For example, there can be "sudden stops" in the demand for domestic debt as well as in foreign lending. Governments need to be aware of the risks and burdens in domestic debt issue-crowding out small borrowers, transferring risks to banks when issuing longer maturity, fixed-interest domestic debt and reducing returns, and imposing risks on holders of pensions, annuities, and life insurance policies. Growth of central bank debt can divert central banks from pursuit of the objective of price stability.

Author : Thomas Martin Klein
Publisher : Unknown
Page : 230 pages
File Size : 43,9 Mb
Release : 1994
Category : Debts, External
ISBN : 0821328085

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External Debt Management by Thomas Martin Klein Pdf

Author : Indermit Singh Gill,Brian Pinto
Publisher : World Bank Publications
Page : 43 pages
File Size : 40,9 Mb
Release : 2005
Category : Debts, Public
ISBN : 8210379456XXX

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Public Debt in Developing Countries by Indermit Singh Gill,Brian Pinto Pdf

"Over the past 25 years, significant levels of public debt and external finance are more likely to have enhanced macroeconomic vulnerability than economic growth in developing countries. This applies not just to countries with a history of high inflation and past default, but also to those in East Asia, with a long tradition of prudent macroeconomic policies and rapid growth. The authors examine why with the help of a conceptual framework drawn from the growth, capital flows, and crisis literature for developing countries with access to the international capital markets (market access countries or MACs). They find that, while the chances of another generalized debt crisis have receded since the turbulence of the late 1990s, sovereign debt is indeed constraining growth in MACs, especially those with debt sustainability problems ... " -- Cover verso.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 46 pages
File Size : 41,7 Mb
Release : 2007-03-27
Category : Business & Economics
ISBN : 9781498333672

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Strengthening Debt Management Practices - Lessons from Country Experiences and Issues Going Forward by International Monetary Fund Pdf

This paper reviews Bank-Fund staff experience with strengthening public debt management (PDM) frameworks and capacity in developing countries. In 2001, the IMF and the World Bank developed sound practice guidelines in this area, followed by a pilot program to assist 12 countries develop and implement reforms. In addition, an assessment of PDM has been incorporated into surveillance work, where relevant, and included in other Bank and Fund advisory and technical assistance work. Based on these, the paper draws key lessons, identifies the continuing challenges facing debt managers, and proposes further capacity building and advisory work in PDM. The 12 countries in the pilot program were Bulgaria, Colombia, Costa Rica, Croatia, Indonesia, Kenya, Lebanon, Nicaragua, Pakistan, Sri Lanka, Tunisia, and Zambia.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 327 pages
File Size : 43,5 Mb
Release : 2003-06-25
Category : Business & Economics
ISBN : 9781589060609

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External Debt Statistics by International Monetary Fund Pdf

This Guide provides clear, up-to-date guidance on the concepts, definitions, and classifications of the gross external debt of the public and private sectors, and on the sources, compilation techniques, and analytical uses of these data. The Guide supersedes the previous international guidance on external debt statistics available in External Debt: Definition, Statistical Coverage, and Methodology (known as the Gray Book), 1988. The Guides conceptual framework derives from the System of National Accounts 1993 and the fifth edition of the IMFs Balance of Payments Manual(1993). Preparation of the Guide was undertaken by an Inter-Agency Task Force on Finance Statistics, chaired by the IMF and involving representatives from the BIS, the Commonwealth Secretariat, the European Central Bank, Eurostat, the OECD, the Paris Club Secretariat, UNCTAD, and the World Bank.

Author : P. Jegadish Gandhi,Manthanathu John Joseph
Publisher : Deep and Deep Publications
Page : 208 pages
File Size : 54,9 Mb
Release : 2006
Category : Asia
ISBN : UCSD:31822035684844

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Debt Management in Globalised Asia by P. Jegadish Gandhi,Manthanathu John Joseph Pdf

Contributed articles presented at the Asian Level Seminar on "Debt-trap in the Globalized Asia Today" held on January, 27-29, 2006 at Ecumenical Christian Centre, Bangalore.

Author : Abdur R. Chowdhury
Publisher : Unknown
Page : 22 pages
File Size : 40,9 Mb
Release : 2001
Category : Debts, External
ISBN : 9291900117

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External Debt and Growth in Developing Countries by Abdur R. Chowdhury Pdf

Author : M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara
Publisher : World Bank Publications
Page : 403 pages
File Size : 46,5 Mb
Release : 2021-03-03
Category : Business & Economics
ISBN : 9781464815454

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Global Waves of Debt by M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara Pdf

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 65 pages
File Size : 53,6 Mb
Release : 2007-03-27
Category : Business & Economics
ISBN : 9781498333689

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Strengthening Debt Management Practices - Lessons from Country Experiences and Issues Going Forward - Background Paper by International Monetary Fund Pdf

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Author : International Monetary Fund. Monetary and Capital Markets Department,International Monetary Fund,World Bank
Publisher : International Monetary Fund
Page : 31 pages
File Size : 45,5 Mb
Release : 2017-07-28
Category : Business & Economics
ISBN : 9781498346566

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The Medium-Term Debt Management Strategy by International Monetary Fund. Monetary and Capital Markets Department,International Monetary Fund,World Bank Pdf

This medium-term debt management strategy paper discusses the assessment of recent capacity building. The effective debt management and hence the design and implementation of a debt management strategy depend on the macroeconomic and institutional context, but the connection is two-way: sound debt management is critical to macro and financial stability, and financial and overall development. Within the constraints of the macroeconomic framework, the debt manager has the delicate task of balancing domestic and external sources of financing of various tenors to meet the government funding needs at low over-all cost and contained risk. Sound debt management contributes to reduced macro-financial risks, complementing prudent fiscal management and monetary policy implementation. Debt management contributes to market and institutional development. The debt manager’s ability to cover external public financing requirements through external debt issuance and avoid undue bunching of debt service obligations helps reduce crowding out, exchange rate pressures, or large swings in international reserves.