Read the article below and answer the following questions
What are the main points and arguments of the author(s)?
•What is your opinion of the article? How does the article relate to your experience or current job in the public or nonprofit sector?
•How can the points and arguments of the author(s) be applied to the public sector in a practical sense?
The critique should be roughly 500 words in length (approximately two double-spaced pages). Be sure to cite all
borrowed, quoted, and paraphrased material appropriately in APA format. Your professor is most interested in your opinion (the second and third bullet points above).
Coordinating public debt and monetary management
One of the challenges facing countries that have begun to implement financial sector reforms is how to coordinate monetary and public debt management so that they are mutually supportive. The interplay between financial sector reforms and public debt management strongly suggests that it would be imprudent to undertake financial reforms without due consideration of public debt issues. To avoid obstacles in financial liberalization, the central bank and the finance ministry should closely coordinate with each other on public debt and monetary management issues. In the early stages of the reform process, a coordination committee is needed to ensure a forum for discussions between the two institutions. Also, units in charge of public debt management should be created for both the finance ministry and the central bank. Lastly, it should be noted that poorly conceived monetary instruments can undermine the development of a deep and active government securities market.
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