The Choice Between External and Domestic Debt in Financing Budget Deficits : The Case of Central and West African Countries »
Series: IMF Working Papers
Author(s): Philippe Beaugrand , Montfort Mlachila , and Boileau Loko
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2002
Keywords: budget deficit financing, public debt, debt management, central bank, National Budget, Deficit, And Debt, macroeconomic - Aspects Of Public Finance, Macroeconomic Policy, And General Outlook,
The paper reviews the principles and practical considerations involved in the choice between foreign and domestic financing of fiscal deficits, and derives a series of recommendations broadly applicable to Central...