| Document Type
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BL
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| Record Number
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887941
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| Main Entry
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Organisation for Economic Co-operation and Development.
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| Title & Author
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OECD Sovereign Borrowing Outlook 2018.
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| Publication Statement
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Paris :: Organization for Economic Cooperation and Development,, 2018.
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| Page. NO
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1 online resource (93 pages)
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| ISBN
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9264292608
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: 9789264292604
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| Contents
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Intro; Foreword; Acknowledgements; Table of contents; Acronyms and abbreviations; Editorial; Executive summary; Chapter 1. Sovereign borrowing outlook for OECD countries; Introduction; 1.2 Government borrowing needs and outstanding debt are rising slightly; 1.3 A closer look at the changes in debt-to-GDP ratios reveals significant differences among countries; 1.4 The favourable funding environment may not be permanent; 1.5 Funding strategies to achieve well-structured debt portfolios; 1.6 A relatively high level of longer-term debt redemption profile.
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1.7 The recent evolution of sovereign debt credit quality1.8 Sovereign funding under stressed conditions; Notes; References; ANNEX 1.A1. Methods and sources; Chapter 2. Alternative approaches to sovereign borrowing; 2.1 Introduction; 2.2 Main drivers for alternative approaches; 2.3 Key debt management considerations when issuing a new instrument; 2.4 The evolving market for new sovereign debt instruments: Lessons learned from experiences with inflation-indexed bonds; 2.5 Proposals for considering issuance of GDP-linked sovereign bonds; 2.6 A rising prospect for green bonds.
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2.7 Experiences with sukuk issuance2.8 Opportunities and obstacles of ultra-long bond issuance; Notes; References; ANNEX 2.A1 Methods and sources; Chapter 3. A public debt management perspective on liquidity in sovereign bond markets; 3.1 Introduction; 3.2 The importance of secondary market liquidity for sovereign debt managers; 3.3 DMOs observations on market liquidity: Concerns eased but remain considerable; 3.4 Recent developments affecting market liquidity for government securities; 3.5 DMOs' experience with policy tools in addressing liquidity concerns; Notes; References.
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ANNEX 3.A1 Methods and sourcesAnnex A OECD 2017 Survey on Primary Markets Developments; Annex B OECD 2017 Survey on Liquidity in Government Bond Secondary Markets.
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| Abstract
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The 2018 edition of the OECD Sovereign Borrowing Outlook presents gross borrowing requirements, net borrowing requirements, central government marketable debt and funding strategies for the OECD area and country groupings. In addition, it examines: interactions between fiscal policy; public debt management and monetary policy; procedures and instruments; liquidity in secondary markets; and alternative approaches to sovereign borrowing such as green bonds and GDP-linked instruments in the context of global economic and financial developments.
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| Subject
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Debts, External-- OECD countries, Periodicals.
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Debts, Public-- OECD countries, Periodicals.
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Loans, Foreign-- OECD countries, Periodicals.
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| Subject
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Debts, External.
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| Subject
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Debts, Public.
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Loans, Foreign.
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| Subject
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OECD countries.
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| Dewey Classification
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336.3409
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| LC Classification
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HJ8001.O333 2018eb
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