| Description |
1 online resource (22 pages) : illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/04/46 |
|
IMF working paper ; WP/04/46.
|
| Contents |
""Contents""; ""I. INTRODUCTION""; ""II. DESCRIPTION OF DATABASE""; ""III. IMPORTANT ASPECTS OF DOMESTIC DEBT MANAGEMENT""; ""IV. CHARACTERISTICS OF DOMESTIC DEBT MARKETS IN NON-CFA SSA COUNTRIES""; ""V. THE IMPACT OF DOMESTIC DEBT ON THE BUDGET AND PRIVATE SECTOR CREDIT""; ""VI. CONCLUSION, POLICY IMPLICATIONS, AND NEEDS FOR REFORMS""; ""References"" |
| Summary |
This study discusses the role of domestic debt markets in sub-Saharan Africa (SSA) based on a new dataset covering 27 SSA countries during the 20-year period 1980-2000. The study finds that domestic debt markets in these countries are generally small, highly short-term in nature, and often have a narrow investor base. Domestic interest payments present a significant burden to the budget, despite much smaller domestic than foreign indebtedness. The use of domestic debt is also found to have significantly crowded out private sector lending. Finally, the study identifies significant differences between the size, cost, and maturity structure of domestic debt markets in HIPCs and non-HIPCs |
| Bibliography |
Includes bibliographical references (page 22) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
|
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
|
Print version record |
| Subject |
Debts, Public -- Africa, Sub-Saharan
|
|
Debt service -- Africa, Sub-Saharan
|
|
Government securities -- Africa, Sub-Saharan
|
|
Debt service
|
|
Debts, Public
|
|
Government securities
|
|
Sub-Saharan Africa
|
| Form |
Electronic book
|
| Author |
International Monetary Fund. African Department, issuing body.
|
| ISBN |
1451893760 |
|
9781451893762 |
|
1281600164 |
|
9781281600165 |
|
9781451846584 |
|
1451846584 |
| ISSN |
2227-8885 |
|
