Debt, Risk and the Role of Government: The Bond Market in a Wider Context

Summary of Proceedings

Debt, Risk and the Role of Government:
The Bond Market in a Wider Context
27 February 2003 ANU

A One Day Symposium organised by the
Centre for Economic Policy Research, Research School of Social Sciences
Economics Program, Research School of Pacific and Asian Studies

Convenors:
 

Professor Adrian Pagan home page

Dr Mardi Dungey home page

Dr Ric Simes ICAP home page

Background
Important decisions with major implications for the future of Commonwealth Government Securities are likely to be announced in the forthcoming Budget. These changes have been foreshadowed by the Government's Review of Debt Management, Discussion Paper, and call for submissions. However, the tight timetable for this process, limited focus of many of the issues raised in the Discussion Paper, and the target audience of 'interested stakeholders' means there is a grave risk of broader, and very important implications of the possible winding down of the Commonwealth bond market being ignored.

Objectives

• To widen the current debate on the future of the bond market beyond the financial sector to include academic economists, policy analysts and the public sector;
• To examine the role of government in the context of community-wide risk management; and
• To explore principles and practices associated with the government's balance sheet.

Background Material

The material provided by the Treasury Discussion Paper is available at http://debtreview.treasury.gov.au/content/home.asp

The list of public submissions and links to most of the documents can be found at http://debtreview.treasury.gov.au/public_sub.asp

The Conference Program

Summary of Conference Proceedings click here.