Debt management strategies in the countries of Centraland Eastern Europe – an instrument of debt managementor just increasing transparency of public finances?

Abstract

The paper investigates the contents of public debt management strategies in Central and Eastern European countries.The fundamental research problem of the research is to determine the role that formal debt managementstrategies play in contemporary public financial processes. Do they – as their name suggests – constitute a realtool for strategic debt management, i.e. strategies that set specific measurable objectives and actions that are tolead to the achievement of these objective over a certain period of time, or – contrary to their name – are theymerely an instrument for informing about the structure of the debt portfolio and seeking legitimacy for past decisionsregarding this structure addressed primarily to rating agencies and secondarily to investors and the public.