Managing Public Debt and its Financial Stability Implications

28 Pages Posted: 1 Feb 2011

See all articles by Udaibir Das

Udaibir Das

International Monetary Fund (IMF)

Michael G. Papaioannou

International Monetary Fund (IMF)

Guilherme B.V. Pedras

International Monetary Fund (IMF)

Faisal Ahmed

International Monetary Fund (IMF) - African Department

Jay Surti

International Monetary Fund (IMF)

Date Written: December 2010

Abstract

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.

Keywords: Capital markets, Debt management, Debt strategy, Financial instruments, Financial stability, Public debt, Risk management, Sovereign debt

Suggested Citation

Das, Udaibir and Papaioannou, Michael G. and Pedras, Guilherme B.V. and Ahmed, Faisal and Surti, Jay, Managing Public Debt and its Financial Stability Implications (December 2010). IMF Working Papers, Vol. , pp. 1-27, 2010. Available at SSRN: https://ssrn.com/abstract=1751392

Udaibir Das

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Michael G. Papaioannou

International Monetary Fund (IMF) ( email )

700 19th Street NW
10-115
Washington, DC 20431
United States
001-202-623-7799 (Phone)
001-202-623-7018 (Fax)

Guilherme B.V. Pedras

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Faisal Ahmed

International Monetary Fund (IMF) - African Department ( email )

1700 19th Street, NW
Washington, DC 20431
United States

Jay Surti

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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