Can public debt enhance democracy?
ABSTRACT This Essay draws on historical and current examples to examine the extent to which public creditors can enhance democracy by monitoring public officials in a manner that compensates for the failures of the government debtor's constituents to monitor public officials. Creditors and constituents may share significant...

Managing public debt; from diagnostics to reform implementation.
9780821368725 Managing public debt; from diagnostics to reform implementation. The World Bank 2007 120 pages $15.00 Paperback HJ8015 This is the first part of a two-part study reporting on the results of a...

CN announces US$550 million debt offering.
MONTREAL, Feb. 18 /PRNewswire-FirstCall/ -- CN (TSX: CNR) today announced a public debt offering of US$550 million 5.55 per cent Notes due 2019. CN expects to close the financing on Feb. 25, 2009. CN plans to use the estimated net proceeds of US$540 million from the offering...

Old and right.
THE SPENDING OF BORROWED MONEY as a permanent policy with a continuous rise in the public debt can have only one effect. A rising public debt means a continuously rising interest charge and persistently rising taxes to service the debt. And this is only the beginning. For as the...

Requiring banks to raise capital amid financial crisis ill-advised.
DAVOS, Switzerland, Jan. 30 (Reuters) - Raising capital requirements for banks in the midst of the financial crisis would make matters worse and banking authorities oppose the idea, European Central Bank President Jean-Claude Trichet said. "It is not our position, and we will do all that we...

Should finance ministry start handling public debt?
Byline: KG Narendranath & MK Venu NEW DELHI: For quite some time, the policy advisers in the country have been debating handling of public debt, with one question being who should do that. The objective is to have a holistic view of the entire public...

Borrowing short- or long-term: does the government really face a trade-off? A stochastic macro framework for public debt management.
Abstract This paper considers public debt management as a component of a more general problem involving fiscal planning under uncertainty. This approach has the potential to result in a new optimal debt maturity structure. Using a stochastic simulation macro-econometric model, we show that a shorter debt maturity...

James M. Buchanan on public-debt finance.
When James M. Buchanan was awarded the 1986 Alfred Nobel Memorial Prize in Economic Sciences for his seminal contributions to public-choice theory, the Royal Swedish Academy of Sciences mentioned his work on public-debt finance in only a single sentence of its press release. Buchanan himself, however, considers his work...

Symposium on public debt management editor's introduction.
Abstract While the OECD's (2001) Guidelines for Public Debt Management argue that the main concern of public debt management is managing the costs and risks of the public debt, they also argue that debt managers should be aware of the interdependencies between debt management and other areas...

Public debt dips to P5.1 T in 2005.
Byline: LEE C. CHIPONGIAN The National Government reported a lower public sector debt of P5.1 trillion in 2005, or 93.4 percent of gross domestic product. Compared to 2004, this is a decline of 4.4 percent (P233.7 billion) which brought down debt-to-GDP ratio from 109 percent...