This technical note describes the interaction of government cash management with other financial policies. The note offers guidance on policy, institutional, and practical issues for governments looking to develop a more sophisticated cash management function, specifically to move toward more active cash management. This involves financial market intervention by the government cash manager, with the aim of smoothing the projected short-term profile of the governmentas net cash balances. The note is particularly relevant to emerging market countries where there are already functioning, if not necessarily well-developed, domestic money and bond markets.Switch auction: some part of an existing bond is switched through an auction process into another existing bond or a new bond. ... 8 Technical Notes and Manuals 10/13 | 2010 Box 3: The UK Debt Management Officea#39;s Standing Repo Facility1anbsp;...
|Title||:||Government Cash Management|
|Author||:||International Monetary Fund|
|Publisher||:||International Monetary Fund - 2010-08-09|