A Suggested New Approach to the Measurement and Reporting of Gross Short- Term Borrowing Operations by Governments:
As part of its Borrowing Outlook, the OECD estimates gross short- term government borrowing requirements. The article concludes that all methods for measuring short-term borrowing needs studied here - except one - provide either significantly underestimated or substantially overestimated measures. T...
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| Other Authors: | , |
| Format: | Electronic Article |
| Language: | English |
| Published: |
Paris
OECD Publishing
2010
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| Subjects: | |
| Online Access: | DE-862 DE-863 |
| Summary: | As part of its Borrowing Outlook, the OECD estimates gross short- term government borrowing requirements. The article concludes that all methods for measuring short-term borrowing needs studied here - except one - provide either significantly underestimated or substantially overestimated measures. The article therefore suggests adopting the following measure: Gross Short-Term Marketable Borrowing Requirements is equal to Net Short-Term Borrowing Requirements plus the outstanding amount of the stock of short-term instruments. This new measure (referred to as Method 2 in the study) yields, in principle, meaningful estimates, comparable across different countries. JEL Classification: G15, G18, H63, H68. Keywords: measuring gross short-term borrowing requirements, debt |
| Physical Description: | 1 Online-Ressource (9 Seiten) 19 x 27cm. |
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| 520 | |a As part of its Borrowing Outlook, the OECD estimates gross short- term government borrowing requirements. The article concludes that all methods for measuring short-term borrowing needs studied here - except one - provide either significantly underestimated or substantially overestimated measures. The article therefore suggests adopting the following measure: Gross Short-Term Marketable Borrowing Requirements is equal to Net Short-Term Borrowing Requirements plus the outstanding amount of the stock of short-term instruments. This new measure (referred to as Method 2 in the study) yields, in principle, meaningful estimates, comparable across different countries. JEL Classification: G15, G18, H63, H68. Keywords: measuring gross short-term borrowing requirements, debt | ||
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| spelling | Blommestein, Hans J... VerfasserIn aut A Suggested New Approach to the Measurement and Reporting of Gross Short- Term Borrowing Operations by Governments Hans J., Blommestein, Ove Sten, Jensen and Thomas, Olofsson Paris OECD Publishing 2010 1 Online-Ressource (9 Seiten) 19 x 27cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier As part of its Borrowing Outlook, the OECD estimates gross short- term government borrowing requirements. The article concludes that all methods for measuring short-term borrowing needs studied here - except one - provide either significantly underestimated or substantially overestimated measures. The article therefore suggests adopting the following measure: Gross Short-Term Marketable Borrowing Requirements is equal to Net Short-Term Borrowing Requirements plus the outstanding amount of the stock of short-term instruments. This new measure (referred to as Method 2 in the study) yields, in principle, meaningful estimates, comparable across different countries. JEL Classification: G15, G18, H63, H68. Keywords: measuring gross short-term borrowing requirements, debt Finance and Investment Jensen, Ove Sten MitwirkendeR ctb Olofsson, Thomas MitwirkendeR ctb Enthalten in OECD Journal: Financial Market Trends Vol. 2010, no. 1, p. 171-179 volume:2010 year:2010 number:1 pages:171-179 |
| spellingShingle | Blommestein, Hans J.. A Suggested New Approach to the Measurement and Reporting of Gross Short- Term Borrowing Operations by Governments Finance and Investment |
| title | A Suggested New Approach to the Measurement and Reporting of Gross Short- Term Borrowing Operations by Governments |
| title_auth | A Suggested New Approach to the Measurement and Reporting of Gross Short- Term Borrowing Operations by Governments |
| title_exact_search | A Suggested New Approach to the Measurement and Reporting of Gross Short- Term Borrowing Operations by Governments |
| title_full | A Suggested New Approach to the Measurement and Reporting of Gross Short- Term Borrowing Operations by Governments Hans J., Blommestein, Ove Sten, Jensen and Thomas, Olofsson |
| title_fullStr | A Suggested New Approach to the Measurement and Reporting of Gross Short- Term Borrowing Operations by Governments Hans J., Blommestein, Ove Sten, Jensen and Thomas, Olofsson |
| title_full_unstemmed | A Suggested New Approach to the Measurement and Reporting of Gross Short- Term Borrowing Operations by Governments Hans J., Blommestein, Ove Sten, Jensen and Thomas, Olofsson |
| title_short | A Suggested New Approach to the Measurement and Reporting of Gross Short- Term Borrowing Operations by Governments |
| title_sort | suggested new approach to the measurement and reporting of gross short term borrowing operations by governments |
| topic | Finance and Investment |
| topic_facet | Finance and Investment |
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