Treasury Management for Governments

Are auctions the only way to issue debt?  What are the advantages and risks of using auctions? of syndication? of subscription? 

Sunner: Borrowing Through the U.S. Treasury's "Fast Money Tree": The Need to Balance Austerity and Growth in the 21st Century, July 2012.  http://www.amazon.com/Borrowing-Through-U-S-Treasurys-Money-ebook/dp/B008S2DJYG/ref=sr_1_1?ie=UTF8&qid=1434409229&sr=8-1&keywords=Michael+Sunner&pebp=1434409230862&perid=BEE3037C5E014ED389E0 

Market practices and public debt.

The debt law and the state.

To Read Further ... 

Investor protection.  What laws and policies are needed or used to protect investors when they invest in sovereign debt and in other market instruments?  Must the entire market be transparent before investor confidence accrues to sovereign debt?

Market practices and the legal framework.  A legal framework also provides the underpinnings of an effective government securities market by setting out rules that govern the rights and responsibilities of purchasers and traders in government securities.

The issuance of debt.  What laws affect the means and markets through which the state issues its debt?

The uses of sovereign debt.  Debt is used by the state to address fiscal shortages or to manage a cash position.  What other uses may sovereign debt be put to in meeting policy goals?

The state debt law.  When the state establishes its authority to borrow through a state debt law, what are the issues such a law must address?

The legal basis of sovereign debt.  Under what authority does the state claim the legal right to issue debt that becomes an obligation of the public?

Praxis: Debt -  The Legal Basis of Sovereign Debt