This article presents a range of tools and indicators for analysing fiscal vulnerabilities and risks for advanced economies. The analysis covers key short-, medium- and long-term dimensions. Short-term pressures are captured by assessing (i) gross funding needs, (ii) market perceptions of...

This paper presents a range of tools and indicators for analyzing fiscal vulnerabilities and risks for advanced economies. The analysis covers key short-, medium- and long-term dimensions. Short-term pressures are captured by assessing (i) gross funding needs, (ii) market perceptions of default...

This paper presents a range of tools and indicators for analyzing fiscal vulnerabilities and risks for advanced economies. The analysis covers key short-, medium- and long-term dimensions. Short-term pressures are captured by assessing (i) gross funding needs, (ii) market perceptions of default...

In this paper, we perform factor analysis on yield curves estimated by McCulloch and Nelson-Siegel methods. We estimate factors using nominal volume-weighted average monthly zero-coupon yields data from the Turkish Secondary Government Securities market. Our main aim is to characterize each...

This paper uses statistical techniques to estimate monthly yield curves in Turkey using secondary government securities data from 1992 to 2004. We use both the spline based method of McCulloch and the parsimonious model of Nelson-Siegel to estimate monthly yield curves. Instead of using...