Sovereign risk and asset and liability management : conceptual issues

Udaibir S. Das, Yinqiu Lu, Michael G. Papaioannou, and Iva Petrova

Country practices towards managing financial risks on a sovereign balance sheet continue to evolve. Each crisis period, and its legacy on sovereign balance sheets, reaffirms the need for strengthening financial risk management. This paper discusses some salient features embedded in in the current generation of sovereign asset and liability management (SALM) approaches, including objectives, definitions of relevant assets and liabilities, and methodologies used in obtaining optimal SALM outcomes. These elements are used in developing an analytical SALM framework which could become an operationa

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Year of publication:	2012
Authors:	Das, Udaibir S. ; Lu, Yinqiu ; Papaioannou, Michael G. ; Petrova, Iva
Publisher:	Washington, DC : Internat. Monetary Fund
Subject:	Länderrisiko \| Country risk \| Portfolio-Management \| Portfolio selection

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Extent:	Online-Ressource (PDF-Datei: 43 S., 1,227 KB) graph. Darst.
Series:	IMF working papers. - Washington, DC : IMF, ZDB-ID 2108494-4. - Vol. 12/241 IMF Working Papers
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	"October 2012 Includes bibliographical references Systemvoraussetzungen: Acrobat Reader Cover; Contents; I. Introduction; Figures; 1. Sovereign Asset and Liability Management Framework; II. Elements of an Sovereign Asset and Liability Management Framework; Boxes; 1. Comparison of Risk Management Approaches for Sovereigns and the Private Sector; A. Defining Sovereign Asset and Liability Management Objectives; B. Defining Relevant Assets and Liabilities; Tables; 1. Government Balance Sheet: Government Finance Statistics Manual Definition; 2. Stylized Economic-Risk Balance Sheet of the Sovereign; C. Sovereign Asset and Liability Management Methodologies 3. Stylized Sovereign Balance Sheet in the Contingent Claims Analysis4. Select Sovereign Asset and Liability Management Methodologies; D. Institutional Requirements; III. Country Experiences; A. Sovereign Balance Sheet and Sovereign Asset and Liability Management Objectives; B. Risk Management Framework; C. Institutional Setting; IV. Concluding Observations; References; Appendices; I. Select Sovereign Asset and Liability Management Methodologies; 2. Overview of Contingent Claims Analysis for the Sovereign II. Technical Issues in Sovereign Asset and Liability Management Modeling and Country Examples Electronic reproduction; Available via World Wide Web
ISBN:	978-1-4755-1183-3 ; 978-1-4755-1252-6 ; 978-1-4755-1183-3
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009659824