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

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  • Ivan Matalík
  • Michal Slavík

Abstract

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.

Suggested Citation

  • Ivan Matalík & Michal Slavík, 2005. "Debt Management in the Czech Republic (formation in the 1990s and the current state)," Prague Economic Papers, Prague University of Economics and Business, vol. 2005(1), pages 33-50.
    • Handle: RePEc:prg:jnlpep:v:2005:y:2005:i:1:id:251:p:33-50
    DOI: 10.18267/j.pep.251
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    References listed on IDEAS

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    1. Lockwood, Ben & Philippopoulos, Apostolis & Snell, Andy, 1996. "Fiscal Policy, Public Debt Stabilisation and Politics: Theory and UK Evidence," Economic Journal, Royal Economic Society, vol. 106(437), pages 894-911, July.
    2. Mrs. Teresa Ter-Minassian & Mr. Pedro Martínez-Méndez & Mr. Pedro Pullen Parente, 1995. "Setting Up a Treasury in Economies in Transition," IMF Working Papers 1995/016, International Monetary Fund.
    3. Simon Gray, 1996. "The Management of Government Debt," Handbooks, Centre for Central Banking Studies, Bank of England, number 5, April.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Melecky, Ales & Melecky, Martin, 2014. "The Checks of Czechs: Optimizing the Debt Portfolio of the Czech Government," MPRA Paper 57604, University Library of Munich, Germany.

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    More about this item

    Keywords

    debt management; state treasury management; economic transition; fiscal and monetary policy co-ordination;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts

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