文章基本信息

标题：Public debt management before, during and after the crisis
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作者：Andabaka Badurina, Ana ; Švaljek, Sandra
期刊名称：Financial Theory and Practice
印刷版ISSN：1846-887x
电子版ISSN：1845-9757
出版年度：2012
卷号：36
期号：1
页码：73-100
DOI：10.3326/fintp.36.4
出版社：Institute Of Public Finance
摘要：During the financial and economic crisis, the public debt ratio in the European Union increased significantly, and public debt management had to be carried out in a completely new and unfavorable environment. The authors of this paper explore the changes in public debt management during and after the crisis. They describe the way in which three members of the Union – the Netherlands, Ireland and Hungary – dealt with the challenge of government financing during the crisis. These three countries were chosen because they all had a comparatively welldeveloped public debt management system before the crisis, and also due to the fact that during the crisis those responsible for public debt management pursued a policy of active accommodation to current market circumstances. Therefore, these case studies can illustrate the capacity of public debt management to contribute to the prevention of a sovereign debt crisis. In the conclusion, the authors give an overview of public debt management in Croatia in the period of the crisis and compare it with public debt management in the three countries whose experiences are presented in the paper.
关键词：public debt management; economic and financial crisis; European Union; Croatia