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The Definition of Debt Management : Fiscal deficits have become much larger and more widespread than they were. The budget deficit dominates economic policy discussion in the mid - 1980's. Today, there is not a country whether developed or developing without a fiscal defict (In east Eurepean Countries also). Debt is a major government revenue source these days and borrwing is an alternative to*taxation in the short run. But the consequences of government borrowing are different at home and abroad. Because the two forms of finance have different characteristics. There is also another difference of finance for developed and developing countries

The paper generally describes the segment of public debt management or especially the structure of public debt. It focuses on different kinds of risks which present potential danger for the public debt explosion. It intends to explain the government goal for borrowing money at lowest rate and sustain the fiscal stability. Also, it explains some practical issues regarding this topic for Republic of Macedonia for the period from 2009-2011. In the process of research were implemented several qualitative methods.

We study the role of government debt maturity in a monetary union in the absence of fiscal transfers across countries. Our key finding is that fiscal hedging is only possible when spending represents an aggregate shock in the union. In the case of idiosyncratic disturbances in spending it is not possible to target a portfolio which provides fiscal insurance to the governments: the allocation is one of incomplete financial markets. These implications are in line with the empirical evidence. Using a sample of 5 Euro area countries and historical holding period returns on government debt, we find that fiscal insurance is not signifi cant against country specific shocks however, it is significant against aggregate shocks. Our analysis extends the theoretical results of the literature on optimal fiscal policy without state contingent debt to a two country model. We show that in the two country setup and under an incomplete market the optimal tax schedule, consumption and leisure follow a random walk.

We study the role of government debt maturity in a monetary union in the absence of fiscal transfers across countries. Our key finding is that fiscal hedging is only possible when spending represents an aggregate shock in the union. In the case of idiosyncratic disturbances in spending it is not possible to target a portfolio which provides fiscal insurance to the governments: the allocation is one of incomplete financial markets. These implications are in line with the empirical evidence. Using a sample of 5 Euro area countries and historical holding period returns on government debt, we find that fiscal insurance is not signifi cant against country specific shocks however, it is significant against aggregate shocks. Our analysis extends the theoretical results of the literature on optimal fiscal policy without state contingent debt to a two country model. We show that in the two country setup and under an incomplete market the optimal tax schedule, consumption and leisure follow a random walk.

Questa tesi consiste nel DEBT MANAGEMENT STRATEGIES. E' divisa in tre parti. Nella prima parte abbiamo il concetto delle strategie del debito, analizzando la gestione del debito nelle aziende di recente successo e le strategie di miglioramento delle politiche del debito. Viene trattata la determinazione dell'appropriato livello di indebitamento alla luce del fabbisogno del nuovo capitale. La seconda parte consiste in considerazioni teoriche e pratiche: l'impatto dei derivati, l'effetto sul valore dell'azienda. Nella terza parte abbiamo la ricerca sul campo. Il caso concreto è del Bombardier Trasportation.

THE FINANCIAL MELTDOWN -- DEBT IN TODAY'S WORLD -- ESTABLISHING CREDIT -- THE MORTGAGE MARKET -- THE CREDIT REPORT -- DEBT ELIMINATION STRATEGIES -- MANAGING HEALTH CARE EXPENSES -- PAYING FOR COLLEGE -- IDENTITY THEFT -- SAVING FOR RETIREMENT -- BUILDING YOUR SAVINGS

""Discusses the implications of domestic debt upon consumption, prices and economic growth in India and tests the concept of Ricardian Equivalence using a permanent income approach incorporating Rational Expectations"--Provided by publisher"--