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Description
| - Sound debt management practices help prevent occurrence of debt crisis, reduce vulnerability to macroeconomic and financial shocks, and support economic growth. Unexpected increases in debt-service charges can substantially change the dynamics and accumulation of government debt. The unexpected increases can occur due to significant risk exposures to exchange rate, interest rate and refinancing risks that the government has assumed when allocating its debt. Vulnerability of public debt to macroeconomic shocks can be reduced by responsible allocation of debt. This article emphasizes some of the best practices of the public debt management and empirically finds the optimal debt allocation for the Czech Republic using Giavazzi and Missale (2004, p. 7) approach. To calibrate the latter, conditional expectations, based on a vector autoregression (VAR) model for the Czech macroeconomy, are used. Using sensitivity analysis, the paper then studies robustness of the empirically determined, optimal government debt allocation for the Czech Republic.
- Sound debt management practices help prevent occurrence of debt crisis, reduce vulnerability to macroeconomic and financial shocks, and support economic growth. Unexpected increases in debt-service charges can substantially change the dynamics and accumulation of government debt. The unexpected increases can occur due to significant risk exposures to exchange rate, interest rate and refinancing risks that the government has assumed when allocating its debt. Vulnerability of public debt to macroeconomic shocks can be reduced by responsible allocation of debt. This article emphasizes some of the best practices of the public debt management and empirically finds the optimal debt allocation for the Czech Republic using Giavazzi and Missale (2004, p. 7) approach. To calibrate the latter, conditional expectations, based on a vector autoregression (VAR) model for the Czech macroeconomy, are used. Using sensitivity analysis, the paper then studies robustness of the empirically determined, optimal government debt allocation for the Czech Republic. (en)
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Title
| - GOVERNMENT DEBT MANAGEMENT IN THE CZECH REPUBLIC: SENSITIVITY ANALYSIS OF THE OPTIMAL ALLOCATION
- GOVERNMENT DEBT MANAGEMENT IN THE CZECH REPUBLIC: SENSITIVITY ANALYSIS OF THE OPTIMAL ALLOCATION (en)
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skos:prefLabel
| - GOVERNMENT DEBT MANAGEMENT IN THE CZECH REPUBLIC: SENSITIVITY ANALYSIS OF THE OPTIMAL ALLOCATION
- GOVERNMENT DEBT MANAGEMENT IN THE CZECH REPUBLIC: SENSITIVITY ANALYSIS OF THE OPTIMAL ALLOCATION (en)
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skos:notation
| - RIV/61989100:27510/13:86087263!RIV14-GA0-27510___
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http://linked.open...avai/predkladatel
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http://linked.open...avai/riv/aktivita
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http://linked.open...avai/riv/aktivity
| - P(EE2.3.30.0016), P(GAP402/10/1046)
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http://linked.open...vai/riv/dodaniDat
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http://linked.open...aciTvurceVysledku
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http://linked.open.../riv/druhVysledku
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http://linked.open...iv/duvernostUdaju
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http://linked.open...titaPredkladatele
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http://linked.open...dnocenehoVysledku
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http://linked.open...ai/riv/idVysledku
| - RIV/61989100:27510/13:86087263
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http://linked.open...riv/jazykVysledku
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http://linked.open.../riv/klicovaSlova
| - Czech Republic.; Sensitivity analysis; VAR model; Optimal debt allocation; Public debt management (en)
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http://linked.open.../riv/klicoveSlovo
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http://linked.open...ontrolniKodProRIV
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http://linked.open...v/mistoKonaniAkce
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http://linked.open...i/riv/mistoVydani
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http://linked.open...i/riv/nazevZdroje
| - Current Trends in Public Sector Research : proceedings of the 17th international conference : Šlapanice, 17-18 January 2013
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http://linked.open...in/vavai/riv/obor
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http://linked.open...ichTvurcuVysledku
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http://linked.open...cetTvurcuVysledku
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http://linked.open...vavai/riv/projekt
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http://linked.open...UplatneniVysledku
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http://linked.open...iv/tvurceVysledku
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http://linked.open...vavai/riv/typAkce
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http://linked.open.../riv/zahajeniAkce
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number of pages
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http://purl.org/ne...btex#hasPublisher
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https://schema.org/isbn
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http://localhost/t...ganizacniJednotka
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