Dissertation

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Public Debt Management Strategies: South Korea vs. France
(2021)
Arar, Saif
The paper herein examines the public debt management strategies employed by different countries, specifically Korea and France. We identify the differences in strategies applied by the two countries and further highlight some of the strategies each country uses to manage its public funds. We further define the debt management system as the backbone of any independent country. It is empirical that a robust, user-friendly, and adequately functioning public debt management system allows governments to have a robust system. Effective debt management ensures that a country significantly manages its public funds and indicates good governance. France is one of the large economies committed to assisting developing countries in managing their debts during the COVID-19. The paper further highlights the importance of an effective public debt management system within one’s country. Factors leading to increased development of the country’s debt include tighter monetary policies and fiscal expansion. As a countermeasure, debt managers prefer to invest in short-term bonds, where they prefer low interest or negative interest rates. On the other hand, governments usually prefer borrowing funds, leaving them with the need to manage their funds to ensure continued development and hence the basis of our study.
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