Public Debt Management in India PDF Download

Author: Kiran Barman
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 236

View

Book Description

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 149832892X
Category : Business & Economics
Languages : en
Pages : 39

View

Book Description
NULL

Author: Charan Singh
Publisher: Springer
ISBN: 8132236491
Category : Business & Economics
Languages : en
Pages : 227

View

Book Description
This book examines the objectives of public debt management and the re-emerging issue of separating monetary policy formulation from fiscal and debt management. The recent Great Recession has resulted in a rethink of the objectives and working of macroeconomics, and in many countries, including India, has led to the scope of fiscal operations being expanded and debt-to-GDP ratios increasing significantly. Consequently, debt management has encountered considerable difficulties, and the need for coordination between monetary and debt management has assumed greater significance. The book discusses the important issue of the independence of central banks and the need for coordination between debt managers, monetary authorities and finance ministries if debt operations are separated from monetary management.

Author: Charan Singh
Publisher: Cambridge University Press
ISBN: 1108226132
Category : Business & Economics
Languages : en
Pages :

View

Book Description
This book is a comprehensive analysis of the implications of rising public debt in India. It specifically investigates the implications of domestic debt on consumption, the effect of monetised debt on prices, the long-term relationship between domestic debt and growth, and the separation of debt and monetary management. It studies data on debt in India from 1951 to 2017, and covers a wide canvas of issues related to debt management and important developments in the government securities market. It discusses trends in domestic debt, and provides a descriptive review of the major components of public debt. The book presents a close theoretical discussion on the Ricardian equivalence hypothesis, an important concept both historically and in contemporary literature on public debt. The implications of domestic debt delineated in the objectives are empirically analysed.

Author: D. K. Mishra
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 574

View

Book Description

Author: National Council of Applied Economic Research
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 178

View

Book Description

Author: Kiran Barman
Publisher: Allahabad : Chugh Publications
ISBN:
Category : Debts, Public
Languages : en
Pages : 320

View

Book Description

Author: R. Gandhi
Publisher:
ISBN:
Category :
Languages : en
Pages : 6

View

Book Description
India's expansionary fiscal policy during the recent crisis resulted in higher government borrowing through 2008-09 and 2009-10. This borrowing requirement came in about 83% above the budget estimate in 2008-09, and 65% above the previous year in 2009-10. The debt-to-GDP ratio rose from 69% before the recent global financial crisis to 73% in 2010, creating a severe challenge for the Reserve Bank of India (RBI) in meeting the public borrowing requirement without causing market disruption. To hold borrowing costs down while scheduling issue maturities so that rollover risk was kept to a minimum, the RBI followed a multi-pronged strategy. The potential for interaction between public debt management and monetary policy has undoubtedly increased during the recent global crisis. This is due to the increase in short-term debt, which can jeopardise both the signalling of monetary policy and its transmission. India's particular dilemma, however, was related to systemic liquidity, ie the system would preferably be in deficit for monetary policy transmission whereas a system in surplus would be more favourable for debt management. The RBI has resolved this dilemma by putting in place a monetary policy operating framework whereby the system is ideally allowed to be in deficit (or surplus) to the extent of the frictional component, i.e. 1% (/-) of the banking system's net demand and time liabilities (NDTL). In this setup, the structural liquidity deficit (or surplus) is met through OMOs and adjustments in the cash reserves. Against the background of the increased interaction between sovereign debt management (SDM) and monetary policy, two important issues urgently need to be addressed. These are: (i) to ensure seamless coordination between SDM and monetary policy, especially during turbulent periods; and (ii) to revisit the role of central banks in public debt management.Full publication: "http://ssrn.com/abstract=2205164" Fiscal Policy, Public Debt and Monetary Policy in Emerging Market Economies.

Author: OECD
Publisher: OECD Publishing
ISBN: 9789264176003
Category :
Languages : en
Pages : 191

View

Book Description
This book reviews recent trends in the structure of OECD government securities markets and public debt management operations, and highlights the generic structural policy issues in emerging debt markets.

Author: OECD
Publisher: OECD Publishing
ISBN: 9264223258
Category :
Languages : en
Pages : 110

View

Book Description
This report provides an overview of best practices in tax debt management, with a particular emphasis on how to better differentiate debtors when deciding how to best secure payment and what can be done to ensure that payment issues are considered earlier in the compliance and collection process.