Managing Public Debt combines a theoretical and empirical analysis of the advantages of issuing index-linked bonds and potential problems that may arise and how sovereign issuers should deal with them.

Foreign-currency denominated securities are introduced in a stochastic model à la Missale [13]. It is shown that the percentage share of this bond type, as compared to total debt, is an increasing function of the covariance between the output and the rate of depreciation, but it may or may not...

The market value of outstanding government debt is calculated on a quarterly basis for the period 1970–96 using information from official sources. Individual series are provided for government bonds (BTPs), Treasury bills (BOTs), and floating-rate notes CCTs) at par and market value. The...

Treasury policies of countries with fully developed capital markets differ markedly in the area of currency de nomination of the dept. The paper aims to shed light on the empirical determinants of the currency denomination of the public debt on a cross-country basis. It thus lays out and...