Government debt issuance: issues for central banks

S. Vajs | Bank for International Settlements (BIS)

This brief note examines the role that the central bank can play in supporting and developing debt markets and how central bank policy could complement, or interfere with, government fiscal operations and debt management. It briefly reviews developments in African bond markets and further focuses on three aspects of the central banks’ role in sovereign debt management: (i) as the manager of government debt; (ii) as an issuer of debt; and (iii) as the promoter of debt markets.

Bond Markets & Exchanges, Legal & Regulatory Environment
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