Štátny dlh a jeho riadenie v strednodobom časovom horizonte
State Debt and its Management from the Medium – Term Perspective

Summary/Abstract: The key aspiration of the submitted paper is to suggest such a new debt management strategy, which will increase the credibility of debt management and decrease at the same time debt pressure on public finance through savings in debt service expenditure. Introductory part of the paper deals with development of the debt during the last decade, i. e. since Slovak Republic was established in 1993. Following part of the paper describes recent structure and relevant for debt management parameters of the debt. Next one deals with risks related to existing structure of the debt. In this part of the paper main risks are tried to be identified and quantified – refinancing, credit, liquidity, exchange rate and operational risk. This part of the paper is crucial for basic strategic statements pre-sented in the four part of the paper.

• Details
• Contents