This paper discusses role of the Central Bank of Kenya in the context of government debt management. Full publication: "http://ssrn.com/abstract=2413389" The Role of Central Banks in Macroeconomic and Financial Stability

We explore the effects of fiscal and monetary policy shocks on key debt management variables and provide empirical evidence supporting the notion of a strict separation of economic policy from the debt management agenda. We find that a tighter monetary policy coupled with fiscal expansion...

This study analyses the choice of government debt managers in the euro area between issuing short-term or long-term debt over the period 1992-2017. Debt managers increased short-term debt issuance in response to higher interest rate spreads and to rising government debt, notably in vulnerable,...