A Suggested New Approach to the Measurement and Reporting of Gross Short- Term Borrowing Operations by Governments:

As part of its Borrowing Outlook, the OECD estimates gross short- term government borrowing requirements. The article concludes that all methods for measuring short-term borrowing needs studied here - except one - provide either significantly underestimated or substantially overestimated measures. T...

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Bibliographische Detailangaben
Beteilige Person: Blommestein, Hans J.. (VerfasserIn)
Weitere beteiligte Personen: Jensen, Ove Sten (MitwirkendeR), Olofsson, Thomas (MitwirkendeR)
Format: Elektronisch Buchkapitel
Sprache:Englisch
Veröffentlicht: Paris OECD Publishing 2010
Schlagwörter:
Links:https://doi.org/10.1787/fmt-2010-5km7k9tnz6hd
https://doi.org/10.1787/fmt-2010-5km7k9tnz6hd
https://doi.org/10.1787/fmt-2010-5km7k9tnz6hd
https://doi.org/10.1787/fmt-2010-5km7k9tnz6hd
https://doi.org/10.1787/fmt-2010-5km7k9tnz6hd
https://doi.org/10.1787/fmt-2010-5km7k9tnz6hd
https://doi.org/10.1787/fmt-2010-5km7k9tnz6hd
https://doi.org/10.1787/fmt-2010-5km7k9tnz6hd
https://doi.org/10.1787/fmt-2010-5km7k9tnz6hd
https://doi.org/10.1787/fmt-2010-5km7k9tnz6hd
https://doi.org/10.1787/fmt-2010-5km7k9tnz6hd
https://doi.org/10.1787/fmt-2010-5km7k9tnz6hd
https://doi.org/10.1787/fmt-2010-5km7k9tnz6hd
https://doi.org/10.1787/fmt-2010-5km7k9tnz6hd
https://doi.org/10.1787/fmt-2010-5km7k9tnz6hd
https://doi.org/10.1787/fmt-2010-5km7k9tnz6hd
https://doi.org/10.1787/fmt-2010-5km7k9tnz6hd
Zusammenfassung:As part of its Borrowing Outlook, the OECD estimates gross short- term government borrowing requirements. The article concludes that all methods for measuring short-term borrowing needs studied here - except one - provide either significantly underestimated or substantially overestimated measures. The article therefore suggests adopting the following measure: Gross Short-Term Marketable Borrowing Requirements is equal to Net Short-Term Borrowing Requirements plus the outstanding amount of the stock of short-term instruments. This new measure (referred to as Method 2 in the study) yields, in principle, meaningful estimates, comparable across different countries. JEL Classification: G15, G18, H63, H68. Keywords: measuring gross short-term borrowing requirements, debt
Umfang:1 Online-Ressource (9 Seiten) 19 x 27cm
DOI:10.1787/fmt-2010-5km7k9tnz6hd