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Governments are the major issuers of debt instruments in the global financial market. This 2005 edition provides quantitative information on central government debt broken down by instrument and duration for the 30 OECD member countries for the period 1994 to 2003. Cross-country summary tables provide data in US dollars and more detailed country tables provide data in national currency values. . Statistics are presented according to a comprehensive standard framework to allow cross-country comparison. Country notes provide information on deb

The focus of this greatly improved third edition is to provide comprehensive quantitative information on African central government debt instruments, both marketable debt and non-marketable debt. The coverage of data is limited to central government debt issuance as well as bi-lateral, multi-lateral and concessional debt and excludes therefore state and local government debt and social security funds

Governments are major issuers of debt instruments in the global financial market. This volume provides quantitative information on central government debt instruments for the 30 OECD Member countries. Statistics are presented according to a comprehensive standard framework to allow cross-country comparison. Country notes provide information on debt issuance in each country as well as on the institutional and regulatory framework governing debt management policy and selling techniques.

Governments are major issuers of debt instruments in the global financial market. This volume provides quantitative information on central government debt instruments for the 31 OECD member countries to meet the analytical requirements of users such as policy makers, debt management experts and market analysts. Statistics are presented according to a comprehensive standard framework to allow cross-country comparison. Country methodological notes provide information on debt issuance in each country as well as on the institutional and regulatory framework governing debt management policy and selling techniques.

Intro -- Foreword -- Table of contents -- Conventional signs -- Acronyms -- Introduction -- Part I. Pan-African overview of central government debt: Tables and figures -- Figure I.1. African central government debt -- Figure I.2. Central government debt -- Figure I.3. Central government marketable debt -- Figure I.4. Central government non-marketable debt -- Figure I.5. Composition of central government debt -- Figure I.6. Average term to maturity of total debt -- Table I.1a. Total central government debt -- Table I.1b. Total central government debt -- Table I.2a. Central government marketable debt -- Table I.2b. Central government marketable debt -- Table I.3a. Central government non-marketable debt -- Table I.3b. Central government non-marketable debt -- Table I.4. Ownership of local-currency marketable debt -- Table I.5. Gross domestic product -- Table I.6. End-of-year exchange rate -- Part II. African debt management policies: Cross-country overview -- I. Organisational structure of the debt management function -- Table II.1. Issuer of government securities -- II. Issuance methods -- Table II.2. Issuance method -- III. Auction design -- IV. Instruments -- Figure II.1. Issuance of government securities -- Table II.3. Instruments -- V. Issuance calendar and announcement of auction results -- Table II.4. Auction calendar and publication of auction results -- VI. Primary dealer systems -- Table II.5. Primary dealers and investors -- VII. Organised market, exchanges and electronic trading -- Table II.6. African exchanges -- Notes -- Bibliography -- Part III. Country tables and policy notes -- Angola -- Table III.1. Debt stock -- Table III.2. Influences on debt stock -- Table III.3. Ownership of local-currency marketable debt -- Figure III.1. Interest rates, Yield-to-maturity (YTM) -- Angola policy notes -- I. Introduction.

This publication provides comprehensive and consistent information on African central government debt statistics for the period 2003-2012. Detailed quantitative information on central government debt instruments is provided for 17 countries to meet the requirements of debt managers, other financial policy makers, and market analysts. A cross country overview on African debt management policies and country policy notes provides background information on debt issuance as well as on the institutional and regulatory framework governing debt management policy.

Governments are amongst the major issuers of debt instruments in the global financial market. The present volume provides quantitative information on central government debt instruments to meet the analytical requirements of users such as policy makers, debt management experts and market analysts

Governments are amongst the major issuers of debt instruments in the global financial market. The present volume provides quantitative information on central government debt instruments for the 30 OECD Member countries to meet the analytical requirements of users such as policy makers, debt management experts and market analysts

Governments are amongst the major issuers of debt instruments in the global financial market. The present volume provides quantitative information on central government debt instruments for the 30 OECD member countries to meet the analytical requirements of users such as policy makers, debt management experts and market analysts. Statistics are presented according to a comprehensive standard framework to allow cross-country comparison. Country notes provide information on debt issuance in each country as well as on the institutional and regulatory framework governing debt managemen

This volume provides quantitative information on central government debt instruments for the 30 OECD member countries to meet the analytical requirements of users such as policy makers, debt management experts and market analysts. Statistics are presented according to a comprehensive standard framework to allow cross-country comparison. Country notes provide information on debt issuance in each country as well as on the institutional and regulatory framework governing debt management policy and selling techniques

This volume provides quantitative information on central government debt instruments for the 30 OECD member countries to meet the analytical requirements of users such as policy makers, debt management experts and market analysts. Statistics are presented according to a comprehensive standard framework to allow cross-country comparison. Country notes provide information on debt issuance in each country as well as on the institutional and regulatory framework governing debt management policy and selling techniques

Commonly used datasets on the level of public debt provide incomplete country and period coverage. This paper presents a new dataset that includes complete series of central government debt for 89 countries over the 1991-2005 period and for seven other countries for the 1993-2005 period. The data set can be found at: http://www. iadb. org/res/pub_desc. cfm?pub_id=DBA-005

The political geography of central government debt has hardly been investigated. We propose a method for calculating implicit interregional transfers stemming from central government debt. We apply this method to Belgium over the 1970-2016 period. The share of poorer Francophone Belgium in debt-financed central government spending was persistently larger than its share in central government revenue used to pay the resulting interest bills. The opposite holds for richer Flanders. Also, a primary deficit in one particular year leads to an interest bill in each of the following years as long as debt caused by that primary deficit is not repaid. All the above caused debt-related transfers from Flanders to Francophone Belgium of over 7% of Flemish GDP during many years. Interregional interest transfers may also be large in the many other democracies suffering from both high central government debt and considerable geographic income disparities. The size of these transfers may in turn explain the size and persistence of central government deficits. This is also because poorer, less densely populated regions such as Francophone Belgium tend to be overrepresented within central governments. This strengthens their ability to cause deficits. We recommend more fiscal decentralisation or at least smaller central government deficits.