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Korea`s sovereign debt management and challenges

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  • Korea`s sovereign debt management and challenges
  • Cho, Sungwon
  • Korea Capital Market Institute


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Title Korea`s sovereign debt management and challenges
Similar Titles
Material Type Reports
Author(English)

Cho, Sungwon

Publisher

[Seoul]:Korea Capital Market Institute

Date 2011-10
Series Title; No Capital Market Opinion
Pages 5
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Holding KCMI

Abstract

As Korea`s government debt increases, public debt management - controlling the level of sovereign debt and the risks related to stable funding and repayment of government debt - has become even more important. In order to effectively manage market risks, the Korean government needs to maintain the current strategy of issuing an equal volume of treasury bonds every month, while allowing for flexibility to adjust the issue volume according to market demand when necessary. The government should also increase the share of long-term treasuries to lengthen the average remaining maturity, and repay maturing treasuries in advance to manage roll-over risks.