Prague Economic Papers 2005, 14(1):33-50 | DOI: 10.18267/j.pep.251

Debt Management in the Czech Republic (formation in the 1990s and the current state)

Ivan Matalík, Michal Slavík
Czech National Bank, Na Příkopě 28, CZ - 115 03 Prague 1 (e-mail: ivan.matalik@cnb.cz; michal.slavik@cnb.cz).

This paper describes the development and the current state of debt management in the Czech Republic. The basic principles on which it was built during the1990s and the importance of the monetary and fiscal policy co-ordination in effective debt management implementation are discussed. The authors try to explain the main factors that are behind the substantial state debt increases in the course of several recent years and to discuss some of the topical issues connected to the debt management targets and procedures. The paper provides a basic description of the instruments used and the conceptual and institutional framework of the Czech Republic debt management system with a particular emphasis on the role of the central bank.

Klíčová slova: debt management, state treasury management, economic transition, fiscal and monetary policy co-ordination
JEL classification: E61, G18, H63, H81

Zveřejněno: 1. leden 2005  Zobrazit citaci

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
Matalík, I., & Slavík, M. (2005). Debt Management in the Czech Republic (formation in the 1990s and the current state). Prague Economic Papers, 14(1), 33-50. doi: 10.18267/j.pep.251
Stáhnout citaci
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Zobrazit celý článek

    Reference

    1. Blommestein, H. J. (2002), "Overview of Trends and Recent Changes in the Structure of OECD Public Debt Markets and Debt Management Operations", in Debt Management and Government Securities Markets in the 21st Century. Paris, Organization for Economic Cooperation and Development.
    2. Dornbusch, R., Draghi, M. (1990), "Public Debt Management and History". London, Centre for Economic Policy Research. Přejít k původnímu zdroji...
    3. EC (2002, 2003), "Public Finances in EMU 2002 and 2003". Brussels, European Commission, European Economy No. 3.
    4. Gray, S. (1996), "The Management of Government Debt". Bank of England, Centre for Central Banking Studies.
    5. IMF and WB (2002), "Guideline for Public Debt Management". Washington, D.C., International Monetary Fund and World Bank.
    6. Leong, D. (1999), "The Theory of Debt Management". Washington, World Bank.
    7. Lockwood, B., Philippopoulos, A., Snell, A. (1996), "Fiscal Policy, Public Debt Stabilization and Politics: Theory and UK Evidence". The Economic Journal, July, pp. 894-911. Přejít k původnímu zdroji...
    8. MoF CR (2004), "A Debt Issue Strategy for Year 2004". Prague, Ministry of Finance of the CR (http://www.mfcr.cz).
    9. Minassian, T., Parente, P., Mendez, P. M. (1995), "Setting up a Treasury in Economies in Transition". Washington, International Monetary Fund, Working Paper No. 16. Přejít k původnímu zdroji...
    10. Obstfeld, M. (1990), "Discussion: Confidence Crises and Public Debt Management", in Dornbusch, R., Draghi, M.: Public Debt Management: Theory and History. Cambridge: Cambridge University Press, pp. 146-152.
    11. Sundararajan, V., Dattels, P., Blommestein, H. J. (1997), "Coordinating Public Debt and Monetary Management". Washington, International Monetary Fund. 50

    Tento článek je publikován v režimu tzv. otevřeného přístupu k vědeckým informacím (Open Access), který je distribuován pod licencí Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY NC ND 4.0), která umožňuje nekomerční distribuci, reprodukci a změny, pokud je původní dílo řádně ocitováno. Není povolena distribuce, reprodukce nebo změna, která není v souladu s podmínkami této licence.


    Zpět na obsah