Kamila Marchewka-Bartkowiak Institutional aspects of a co-ordination between public debt management and monetary policy
Co-ordination of public debt management and monetary policy is a highly important issue. It enables more and more independent agencies for debt management and central banks as well as governments to implement new and developed strategies. In addition, it renders the state's financial policy more transparent and credible.
With the functional and institutional separation of the types of policy, strategies or operations of one institution cannot be directly influenced by or subordinated to any other. Hence, co-ordination boils down to consultation and information.
The analysis confirms, that a number of countries have already implemented the idea of establishing co-ordination groups or committees operating as official institutions and working groups. The Institutional form of coordination of both types of policy is also more and more extensively imposed on independent institutions managing public debt worldwide.
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