Melecky, Martin2012-06-072012-06-072007-07https://hdl.handle.net/10986/7474This paper analyzes results of a survey on debt management strategies conducted by the Banking and Debt Management Department of the World Bank. The analysis focuses on (1) whether a public debt management strategy exists in a given country, (2) whether it is made public, and (3) in which form it is imparted. The paper analyzes the distribution of the latter characteristics over different regions, income groups, and levels of indebtedness using graphical analysis. Using regression analysis, it investigates the extent to which basic economic factors can explain the characteristics of public debt management strategies across countries.CC BY 3.0 IGOAVERAGE GROWTHBALANCE SHEETBENCHMARKBENCHMARKSBILATERAL DONORSBLEND COUNTRIESCAPITAL ADEQUACYCENTRAL BANKCENTRAL BANK INDEPENDENCECENTRAL GOVERNMENT DEBTCOMMODITIESCRISES EPISODESCURRENCY COMPOSITIONCURRENCY RISKCURRENT ACCOUNTDEBT COMPOSITIONDEBT INSTRUMENTSDEBT LEVELSDEBT MANAGEMENT AUTHORITIESDEBT MANAGEMENT AUTHORITYDEBT MANAGEMENT DEPARTMENTDEBT MANAGEMENT GUIDELINESDEBT MANAGEMENT OPERATIONSDEBT MANAGEMENT POLICYDEBT MANAGEMENT PRACTICEDEBT MANAGEMENT STRATEGIESDEBT MANAGEMENT STRATEGYDEBT MANAGERSDEBT MARKETSDEBT OBLIGATIONSDEBT PORTFOLIODEBT RENEGOTIATIONSDEBT SERVICINGDEBT STRATEGIESDEBT STRATEGYDEBT SUSTAINABILITYDEBT SUSTAINABILITY ISSUESDEGREE OF RISKDEGREE OF TRANSPARENCYDEVELOPING COUNTRIESDEVELOPMENT ECONOMICSDOMESTIC BONDDOMESTIC BOND MARKETDOMESTIC BOND MARKET DEVELOPMENTDOMESTIC CURRENCYDUMMY VARIABLESECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC INDICATORSEXCHANGE RATEEXCHANGE RATESEXPENDITUREEXPENDITURESEXPORTSEXTERNAL SHOCKEXTERNAL SHOCKSFISCAL SUSTAINABILITYFOREIGN AIDFOREIGN CURRENCYFOREIGN CURRENCY DEBTFOREIGN EXCHANGEGDPGDP PER CAPITAGOVERNMENT BONDSGOVERNMENT BORROWINGGOVERNMENT BUDGETGOVERNMENT DEBTGOVERNMENT INDEBTEDNESSGOVERNMENT POLICIESGOVERNMENT REVENUESGROSS DOMESTIC PRODUCTGROWTH RATEHIGHLY INDEBTED COUNTRIESINCIDENCE OF DEBTINCOMEINCOME GROUPINCOME GROUPSINCOME LEVELSINCOME RANGESINDEBTEDNESSINSTRUMENTINTEREST RATEINTEREST RATE RISKINTERNATIONAL BANKLEVEL OF DEBTLOCAL CURRENCIESLOW COSTLOW INCOMEMACROECONOMIC MANAGEMENTMACROECONOMIC PERFORMANCEMACROECONOMIC POLICIESMACROECONOMIC POLICYMACROECONOMIC STABILITYMACROECONOMICSMATURITYMATURITY STRUCTUREMIDDLE EASTMONETARY FUNDMONETARY POLICIESMONETARY POLICYNATIONAL GOVERNMENTSNORTH AFRICAORGANIZATIONAL STRUCTUREPAYMENT OBLIGATIONSPEER PRESSUREPERPETUITYPORTFOLIOSPOSITIVE EXTERNALITYPRICE STABILITYPRIVATE BORROWERPRIVATE INVESTORPRIVATE SECTORPRIVATE SECTOR INVESTMENTPROBABILITYPUBLICPUBLIC DEBTPUBLIC DEBT MANAGEMENTPUBLIC DEBT MANAGERSPUBLIC FINANCEPUBLIC GOODSPUBLIC SECTORQUALITY OF DEBT MANAGEMENTQUESTIONNAIREREAL GDPREGIONAL DUMMIESREGIONAL DUMMYREGRESSION ANALYSESREGRESSION ANALYSISREMITTANCESRESEARCH ASSISTANCERESERVESRISK MANAGEMENTSENIORSOLVENCYSOURCE OF INFORMATIONSUB-SAHARAN AFRICATAXTAX REVENUESTOTAL DEBTTOTAL EXTERNAL DEBTTRANSPARENCYWAGEWorld Bank10.1596/1813-9450-4287