ABSTRACT | 第5页 |
Introduction | 第8-9页 |
1. Public Debt Management in Sri Lanka | 第9-16页 |
1.1 Introduction to Public Debt Management in Sri Lanka | 第9-11页 |
1.1.1 Public Debt Management | 第9页 |
1.1.2 Objectives of Public Debt Management | 第9-10页 |
1.1.3 Agencies Responsible for Central Government Debt Management in Sri Lanka | 第10-11页 |
1.2 Review of Literature | 第11-13页 |
1.2.1 The Target Level of Debt | 第11-12页 |
1.2.2 Debt Sustainability | 第12页 |
1.2.3 Objectives of Debt Management | 第12页 |
1.2.4 Other concepts of Public Debt Management | 第12-13页 |
1.3 Market Operations | 第13-16页 |
1.3.1 Primary Market | 第13-14页 |
1.3.2 Secondary Market | 第14页 |
1.3.3 Primary Dealers | 第14-16页 |
2. The Structure of the Public Debt Portfolio | 第16-19页 |
2.1 The importance of portfolio benchmarking | 第16-17页 |
2.2 The Principles for the Benchmark | 第17页 |
2.3 The current public debt portfolio in Sri Lanka | 第17-19页 |
3. Debt Service Payments | 第19-23页 |
3.1 Overview | 第19-20页 |
3.2 Amortization of Debt | 第20-21页 |
3.2.1 Amortization of Domestic Debt | 第20页 |
3.2.2 Amortization of Foreign Debt | 第20-21页 |
3.3 Interest Cost | 第21-22页 |
3.4 Future Debt Service Obligations | 第22-23页 |
4. Public Debt and GDP | 第23-29页 |
4.1 The gross domestic product(GDP) | 第23页 |
4.2 GDP Calculations | 第23-24页 |
4.3 The Relationship between Public Debt and GDP | 第24-25页 |
4.4 Public debt to GDP ratio | 第25页 |
4.5 Sri Lanka's current Gross Domestic Product(GDP) | 第25-27页 |
4.6 Sri Lanka's current public debt to GDP ratio | 第27-29页 |
5. Risk Management in Public Debt | 第29-36页 |
5.1 Introduction to Risk management in public debt | 第29-30页 |
5.2 Risks Associated with Public Debt in Sri Lanka | 第30-31页 |
5.3 Types of risks associated with the public debt portfolio of Sri Lanka | 第31-35页 |
5.3.1 Refinance risk/Rollover risk | 第31页 |
5.3.2 Interest rate risk | 第31-32页 |
5.3.3 Exchange rate risk | 第32页 |
5.3.4 Liquidity risk | 第32-34页 |
5.3.5 Operational Risk | 第34-35页 |
5.4 Overall Sustainability of public debt in Sri Lanka | 第35-36页 |
6. Analysis of Public Debt Management over the time period of 2008-2013 | 第36-52页 |
6.1 Analysis of Public Debt Management of year 2008-2013(Year by year) | 第37-48页 |
6.2 Analysis of Public debt level and the debt situation over the time period of 2008-2013 (Year by year) | 第48-50页 |
6.3 Conclusion of Public Debt Management of year 2008-2013 | 第50-52页 |
7. Strategic policies & expectations for public debt management 2014-2018 in SriLanka | 第52-61页 |
7.1 Overview | 第52-54页 |
7.2 Links between MTDS(Medium Term Debt Management Strategy) and the macroeconomic policy | 第54-58页 |
7.2.1 MTDS,Fiscal Planning and Debt Sustainability | 第54-55页 |
7.2.2 MTDS and Monetary Policy | 第55页 |
7.2.3 MTDS,Exchange Rate Policy and Balance of Payments | 第55-56页 |
7.2.4 MTDS and the Development of Domestic Debt Markets | 第56页 |
7.2.5 MTDS and Annual Borrowing Plan | 第56-58页 |
7.3 MTDS Implemented by Central Bank of Sri Lanka for year 2014-2018 | 第58页 |
7.4 Expected Benefits of the MTDS of the Government | 第58-60页 |
7.5 Objectives of the Medium Term Debt Management Strategy 2014-2018 of CBSL | 第60页 |
7.6 The Medium Term Debt Management Strategy 2014-2018 | 第60-61页 |
Conclusion | 第61-62页 |
Reference | 第62-63页 |
Acknowledgement | 第63页 |