- Author
- Marchewka-Bartkowiak Kamilla
- Title
- Strategie współpracy z inwestorami w ramach zarządzania długiem publicznym
Strategies of cooperation with investors within the framework of public debt management - Source
- Bank i Kredyt, 2005, nr 5, s. 10-19, bibliogr. 10 poz.
- Keyword
- Dług publiczny, Polityka informacyjna, Zarządzanie długiem
Public debt, Information policy, Debt management - Note
- summ.
- Abstract
- Artykuł poświęcono analizie podstawowych strategii współpracy instytucji zarządzania długiem publicznym z inwestorami, obejmujących zadania warunkujące przejrzystość polityki tych instytucji. Przedstawiono przykłady działań w ramach strategii współpracy z inwestorami prowadzonych przez agencję zarządzania długiem publicznym w Belgii.
Strategies of cooperation with investors within the scope of central government debt policy constitute one of the key directions of activities of public debt management institutions in a number of countries. They enable to achieve a variety of market goals along with general economic ones. In the paper, the author presents a systematized arrangement of individual components of investor relations programmes, implemented by government institutions of selected countries and analysed by the International Monetary Fund and the OECD. On this basis, the objectives and instruments of strategies of cooperation with investors have been defined and classified. Furthermore, the institutional solutions have been specified, and the advantages of public debt management agency outlined. The final part of the paper presents an example of solutions implemented under cooperation with investors by the Belgian Debt Agency. Focus has been put on the scope and effectiveness of road shows, one of the most popular measures applied in the Eurozone countries, enabling direct liaising with foreign investors. (original abstract) - Accessibility
- The Main Library of the Cracow University of Economics
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics - Bibliography
-
- Annual Report 2000, 2001, 2002, 2003. Debt Agency, Treasury of Kingdom of Belgium.
- Creating an Investor Relations Office: Step toward implementing a proactive strategy of investor relations. Institute of International Finance Inc., sierpień 1999 r.
- Debt management and government securities markets in the 21st century. OECD 2002.
- Draft guidelines for public debt management. IMF and the World Bank 2000.
- G. Gołębiowski, K. Marchewka-Bartkowiak: Audyt i kontrola zarządzania długiem publicznym. "Materiały i Studia", zeszyt nr 181/2004.
- Investor Relations Programs: Report of the Capital Market Consultative Group. IMF, 2.02.2001.
- Investor Relations Programs - Recent Developments and Issues. International Capital Markets Department IMF, 26.10.2004.
- B. W. Marcus, S. L. Wallace: New Dimensions in Investor Relations, Competing for Capital in the 21st Century. New York 1997 John Wiley& Sons, Inc.
- K. Marchewka-Bartkowiak: Zarządzanie długiem publicznym w krajach Unii Europejskiej i w Polsce. Warszawa 2003 Biblioteka Menedżera i Bankowca.
- Public debt. Annual Report 1999. Ministry of Finance, Kingdom of Belgium.
- Cited by
- ISSN
- 0137-5520
- Language
- pol
