Debt management can reduce financial vulnerability by limiting liquidity, and rollover risks. This note reviews Argentina's debt management strategy, towards improving the country's credit rating to an investment grade, providing flexibility, liquidity, and opportunity. However, the risks of refinancing can be larger for domestic currency debt, than for foreign currency debt. Lessons from Argentina's experience suggest that volatile flows can be dealt...
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DETAILS
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1999/02/28
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Brief
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21252
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1
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1
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2010/07/01
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Disclosed
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Does debt management matter? YES
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short-term debt
Citation
Kiguel,Miguel Alberto.
Does debt management matter? YES (English). PREM Notes|no. 17. Economic Policy Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/748451468009977206