Debt Management
Remittances a potential tax base
International Monetary Fund investigates the impact of remittances on public-debt sustainability
ECB’s González-Páramo cautions on fiscal burden
European Central Bank's José Manuel González-Páramo says fiscal exit strategies need to start alongside economic recovery
Triple A ratings safe for now
Moody’s says Aaa countries have stable outlooks
Malaysia’s Zeti: bond market key to keeping savings
Bank Negara Malaysia’s Zeti Akhtar Aziz says a robust Asian debt market is crucial for investments to remain region
Nigeria downgraded on banking, fiscal fears
Standard & Poor’s lowers Nigeria’s sovereign credit ratings on concern over fiscal flexibility on back of bank bailout
S&P downgrades Latvia, Estonia
Latvia’s and Estonia’s long-term sovereign ratings downgraded, Lithuanian rating’s outlook put on negative watch
Fed rate setters impact US Treasury market
New York Federal Reserve assesses the microstructure if the US Treasury securities market
UK public borrowing soars to June high
Public-sector borrowing soars to £13 billion from £7.5 billion in June 2008 on back of financial rescue
UAE’s Al Suwaidi: we could buy more Dubai debt
Governor Sultan bin Nasser Al Suwaidi indicates central bank may purchase more Dubai bonds after buying $10 billion-worth of debt from the emirate earlier this year
NZ placed on negative watch on growth fears
Fitch switches outlook from stable to negative on concerns over medium-term outlook
Bank of Estonia – Annual Report 2008
Bank of Estonia’s Andres Lipstok notes the importance of euro adoption
Public-private partnerships affected by crisis
International Monetary Fund investigates the impact of the global financial crisis on public-private partnerships
US racks up biggest ever June deficit
Gap for current financial year tops $1 trillion
A multi-tasking central bank responds better
Reserve Bank of India’s Usha Thorat says that its multiple objectives enhanced performance in the face of global crisis
Mexico's Ortiz - crisis shows how far we've come
Ability to cope with turmoil is a sign of success of monetary-policy reform, says Bank of Mexico governor
Ortiz on governance, risk and Mexico's progress
The Bank of Mexico governor and BIS chairman discusses central bank governance, monitoring systemic risk and why Mexico has managed to avoid a financial meltdown despite being hard hit by the crisis
Rating agencies: regulate or downgrade?
In the aftermath of the financial crisis, the actions of ratings agencies cannot remain unchecked, argues Ludek Niedermayer, a former vice governor at the Czech National Bank
Sell yuan bonds: China banker to US, World Bank
Guo Shuqing says Washingtom, World Bank should offer yuan-denominated bonds
Your assets are safe, Geithner tells China
Timothy Geithner, US treasury secretary, sought to reassure the US's largest foreign creditor regarding its investments in dollar-denominated government debt.
Sovereign risk exacerbates procyclicality
The risk premium associated with the possibility of sovereign default plays a key role in the procyclicality of fiscal policy in emerging economies, finds a new paper from the Richmond Federal Reserve.
Emerging markets should watch fiscal positions
Emerging-market economies should pay off their debts sooner rather than later, posits new research from the Bank of England.
SNB offers dollar-denominated bills for UBS loan
The Swiss National Bank (SNB) announced on Monday that it will issue its own bills denominated in dollars.
Fed floats bond issuance
The Federal Reserve is considering issuing its own bonds as a means to absorb the liquidity with which it has flooded markets as well as for fundraising purposes.
Denmark's Thomsen on the rise in debt issuance
Higher debt issuance from sovereign issuers is to be expected, Jens Thomsen, a member of the board of governors of the National Bank of Denmark, has said.