1. Financing government deficits by emission of government bonds
- Author
-
Schiller, Jan, Radová, Jarmila, and Málek, Jiří
- Subjects
státní dluh ,debt management ,strategie řízení dluhu ,dluhový management ,long term debt strategy ,government debt - Abstract
The aim of this thesis is to point out recent development in the field of debt creation, its concordance with academic practice and to outline feasible utilization of financial modeling in the area of government deficits. The effort is to put institutional operation of debt management into context of recent history of financial markets and to verify its success. The process of debt portfolio management with use of advanced financial tools is shown on the sample of Czech debt manager. From the observation of the overall environment we can state the effort to develop efficient domestic debt market and the conception of long-term strategies based on risk management principles and to draw a set of specific recommendations applicable both to local and general conditions.
- Published
- 2011