Managing foreign debt and liquidity risks

A small group of senior central bankers from the emerging markets met at the BIS for two days in December 1999 to discuss the management of foreign debt and liquidity. A book containing the papers discussed at the seminar has now been released on the BIS website. The first paper in the book provides an overview of these issues and the papers that follow highlight the experiences of specific economies.

The issues discussed include the idea of "national liquidity", the question of how much gove