Debt Management : Now the Difficult Part

The first years of the 21st century were characterized by more prudent macroeconomic policies in the developing world, the positive impact of debt relief on low-income countries (LICs), and positive growth trends for the world economy, despite the puncturing of the high-tech "bubble" in Organization for Economic Co-operation and Development (OECD) countries. Until the eve of the financial crisis, many emerging economies were able to reduce the vulnerabilities of their debt portfolios and debt management was being carried out under favorable circumstances. Average maturities increased, reflecting increases in the maturities of new debt issuances, and rollover risks declined. Moreover, the increased availability of local currency financing, reflecting the development of domestic capital markets, and the globalization of the corporate sector in emerging economies underscored the changing landscape of development financing.

Bibliographic Details

Main Authors:	Gooptu, Sudarshan, Primo Braga, Carlos A.
Format:	Brief biblioteca
Language:	English
Published:	World Bank, Washington, DC 2010-07
Subjects:	ADVANCED COUNTRIES, ADVANCED ECONOMIES, ASSET CLASSES, ASSETS, BALANCE SHEET, BALANCE SHEETS, BANKING CRISES, BANKING SYSTEM, BORROWING COSTS, CAPITAL INJECTIONS, CASH FLOWS, COMMERCIAL LENDING, COMPETITIVENESS, CONTINGENT LIABILITIES, COST OF CAPITAL, CREDIBILITY, CREDIT RISKS, CREDITS, DEBT, DEBT ACCUMULATION, DEBT CRISES, DEBT CRISIS, DEBT LEVELS, DEBT MANAGEMENT, DEBT MANAGEMENT PRACTICES, DEBT MANAGEMENT STRATEGY, DEBT MANAGERS, DEBT OBLIGATIONS, DEBT PORTFOLIOS, DEBT POSITIONS, DEBT RATIOS, DEBT RELIEF, DEBT SERVICE, DEBT SUSTAINABILITY, DEBT SUSTAINABILITY ANALYSES, DEMOGRAPHIC, DEVELOPING COUNTRIES, DEVELOPING ECONOMIES, DEVELOPING MARKETS, DOMESTIC DEBT, ECONOMIC CRISIS, ECONOMIC DYNAMISM, ECONOMIC SLOWDOWN, EMERGING ECONOMIES, EXCHANGE RATE, EXCHANGE RATE MISALIGNMENTS, EXIT POLICIES, EXIT STRATEGIES, EXPORT GROWTH, EXPORT INCOME, EXPOSURE, EXTERNAL DEBT, EXTERNAL DEBTS, EXTERNAL FINANCING, FINANCIAL CRISIS, FINANCIAL FLOWS, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL POSITION, FINANCIAL STRESS, FINANCIAL SYSTEM, FINANCING REQUIREMENTS, FISCAL BALANCE, FISCAL BALANCES, FISCAL CONSOLIDATION, FISCAL DEFICITS, FISCAL IMBALANCES, FISCAL POLICY, FISCAL POSITIONS, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN EXCHANGE RISK, FOREIGN RELATIONS, FUTURE PROSPECTS, GLOBAL ECONOMY, GLOBAL OUTPUT, GLOBAL TRADE, GLOBALIZATION, GOVERNMENT DEBT, GROSS DEBT, GROSS DOMESTIC PRODUCT, GROWTH RATES, IMPACT OF DEBT, IMPORT, INCOME, INDEBTED, INDEBTED POOR COUNTRIES, INTEREST RATES, INTERNATIONAL CAPITAL, INTERNATIONAL CAPITAL MARKETS, INTERNATIONAL INTEREST, INTERNATIONAL INTEREST RATES, ISSUANCE, ISSUANCES, LEVELS OF DEBT, LIBERALIZATION, LIBERALIZATIONS, LOCAL CURRENCY, LOCAL CURRENCY FINANCING, LOCAL MARKETS, LOW-INCOME COUNTRIES, MACROECONOMIC POLICIES, MACROECONOMIC POLICY, MARKET TRENDS, MATURITIES, MIDDLE-INCOME COUNTRIES, MONETARY AUTHORITIES, MONETARY FUND, PENSION, POLICY RESPONSES, POLITICAL CYCLES, POLITICAL ECONOMY, PORTFOLIOS, POVERTY REDUCTION, PUBLIC DEBT, PUBLIC DEBT MARKETS, PUBLIC DEBT STOCK, PUBLIC DEBTS, PUBLIC FINANCES, PUBLIC SECTOR DEBT, PUBLIC-PRIVATE PARTNERSHIPS, RAPID EXPORT GROWTH, REAL INTEREST, REAL INTEREST RATES, RECAPITALIZATION, RECESSION, REGULATORY REGIMES, RESERVE, RESERVE BANK, RETURN, RISK MANAGEMENT, RISK-SHARING ARRANGEMENTS, SHORT-TERM INTEREST RATES, SOVEREIGN BALANCE, SOVEREIGN DEBT, SOVEREIGN DEBT CRISES, SOVEREIGN GUARANTEES, SPECULATIVE ATTACKS, SURPLUS, SUSTAINABILITY ANALYSES, TAX, TAX REVENUES, TOTAL EXTERNAL DEBT, TRADE POLICY, TRADING, TRADING PARTNERS, UNCERTAINTIES, VOLATILITY, WORLD ECONOMY,
Online Access:	http://documents.worldbank.org/curated/en/2010/07/12573311/debt-management-now-difficult-part http://hdl.handle.net/10986/10169
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