The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition: Issues and Lessons From Experience

December 1, 1994

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

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:
https://doi.org/10.5089/9781451856774.001
Issue:
148
Series:
Working Paper No. 1994/148
Stock No:
WPIEA1481994
ISBN:
9781451856774
ISSN:
1018-5941

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