The Growth in Government Domestic Debt : Changing Burdens and Risks

This paper analyzes the recent growth of government domestic debt, including central bank debt, using a new data base on government domestic debt in developing countries with large, open financial systems. On average, government domestic debt grew...

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Bibliographic Details
Main Author:	Hanson, James A.
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING AMORTIZATION AMORTIZATIONS ASSET HOLDING ASSET HOLDINGS ASSET MANAGEMENT AUCTION AUCTION SYSTEM AUCTIONS BALANCE SHEET BANK BALANCE SHEETS BANK CREDIT BANK DEBT BANK DEPOSITS BANK HOLDINGS BANK LENDING BANK LOANS BANKING CRISES BANKING CRISIS BANKING SECTOR BANKING SECTOR DEVELOPMENTS BANKING SYSTEM BANKING SYSTEMS BOND BOND ISSUES BOND MARKETS BONDS BOOK-ENTRY BORROWER BORROWING COST BORROWING STRATEGIES CAPITAL FLOWS CAPITAL MARKET CAPITAL MARKETS CAPITAL OUTFLOWS CAPITAL REQUIREMENTS CAPITALIZATION CENTRAL BANK CENTRAL BANK BILLS CENTRAL BANKS CENTRAL GOVERNMENT DEBT CERTIFICATES OF DEPOSIT CERTIFICATES OF DEPOSITS COLLATERAL COMMERCIAL BANK COMMERCIAL BANKS COMPOSITION OF DEBT COMPOSITION OF GOVERNMENT DEBT CONSUMER CREDIT CONSUMER LOANS CONTINGENT LIABILITY CORPORATE BONDS CREDIT BUREAUS CREDIT INFORMATION CREDIT RATING CREDIT RATING AGENCIES CRISIS COUNTRIES CURRENCY DEBT HOLDINGS DEBT ISSUANCE DEBT ISSUE DEBT ISSUES DEBT OBLIGATIONS DEBT REPAYMENT DEBT SERVICING DEBT SERVICING COSTS DEBTS DEFAULTS DEPOSIT DEPOSIT INSURANCE DEPOSITORS DEPOSITS DEVALUATION DEVALUATIONS DEVELOPING COUNTRIES DEVELOPMENT BANK DIRECTED CREDITS DOMESTIC BOND DOMESTIC BORROWING DOMESTIC CAPITAL DOMESTIC CAPITAL MARKETS DOMESTIC CREDITS DOMESTIC CURRENCY DOMESTIC DEBT DOMESTIC DEBT MARKET DOMESTIC DEBT MARKETS DOMESTIC MARKET DOMESTIC MARKETS ECONOMIC DEVELOPMENT EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKET DEBT EMERGING MARKET ECONOMIES EMERGING MARKETS ENTERPRISE CREDITS EQUITY MARKETS EXCESS LIQUIDITY EXCHANGE RATE EXCHANGE RATES EXTERNAL BORROWING EXTERNAL BORROWINGS EXTERNAL DEBT FACE VALUE FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL DEVELOPMENTS FINANCIAL MARKETS FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL DEFICIT FISCAL DEFICITS FOREIGN BANKS FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN CURRENCY DEBT FOREIGN DEBT FOREIGN EXCHANGE FOREIGN INVESTORS FOREIGN LOANS FOREIGN MARKET FOREIGN MARKETS GLOBAL DEVELOPMENT FINANCE GLOBALIZATION GOVERNMENT BONDS GOVERNMENT BORROWING GOVERNMENT DEBT GOVERNMENT DEBT MARKET GOVERNMENT DEBT MARKETS GOVERNMENT GUARANTEE GOVERNMENT GUARANTEES GOVERNMENT SECURITIES HOLDINGS INFLATION INSTITUTIONAL DEVELOPMENT INSURANCE COMPANIES INTEREST COSTS INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL DEBT INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL LENDING INTERNATIONAL MARKETS INVESTMENT FUND INVESTMENT FUNDS INVESTMENT STRATEGIES ISSUANCE LENDERS LEVY LIFE INSURANCE LIFE INSURANCE POLICIES LIQUIDITY LIQUIDITY PROBLEMS LOCAL CURRENCY LONG-TERM DEBT MACROECONOMIC CRISES MACROECONOMIC RISK MACROECONOMIC RISKS MACROECONOMIC STABILITY MARKET BORROWERS MARKET DEBT MARKET INFRASTRUCTURE MARKET INTEREST RATES MARKETABLE SECURITIES MATURITIES MATURITY MICRO-CREDIT MONETARY POLICY MONEY MARKET MUTUAL FUNDS NATIONAL TREASURIES NEGATIVE SHOCKS OUTSTANDING DOMESTIC DEBT PENSION PENSION FUND PENSION FUNDS PENSION SYSTEMS PENSIONS PRICE STABILITY PRIMARY DEALER PRIMARY DEALERS PRIVATE BANK PRIVATE BANKS PRIVATE BORROWER PRIVATE BORROWERS PRIVATE CAPITAL PRIVATE CAPITAL INFLOWS PRIVATE CREDIT PRIVATE CREDITS PRIVATE SECTOR CREDIT PUBLIC BANKS REAL EXCHANGE RATE REPAYMENT REPOS RESERVE RESERVE REQUIREMENT RESERVE REQUIREMENTS RESERVES RETURNS RISK OF DEFAULT RURAL BORROWERS SECURITIES SETTLEMENT SHORT-TERM DEBT SMALL BORROWERS SOVEREIGN RATINGS STATE BANK STATE BANKS STOCK MARKETS STRUCTURAL PROBLEMS TAX TOTAL DEBT TRADING TRADING SYSTEMS TRANSITION COUNTRIES VALUATIONS WITHDRAWAL YIELD CURVE
Online Access:	http://documents.worldbank.org/curated/en/2007/09/8276407/growth-government-domestic-debt-changing-burdens-risks http://hdl.handle.net/10986/7329