Description

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.

Taxonomy

Capital markets , Financial institutions and markets

More publications in this series: Working Papers

More publications by: Udaibir S Das ; Jay Surti ; Faisal Ahmed ; Michael G Papaioannou ; Guilherme Pedras