Risk Management of Sovereign Assets and Liabilities - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Risk Management of Sovereign Assets and Liabilities write by Mr.D. F. I. Folkerts-Landau. This book was released on 1997-12-01. Risk Management of Sovereign Assets and Liabilities available in PDF, EPUB and Kindle. In an environment of sizable and volatile capital flows and integrated international capital markets, large and unhedged net external sovereign liabilities expose countries to swings in international asset prices and to potential speculative currency attacks. The paper argues that an essential step in reducing emerging market vulnerability to such external shocks is to reform the institutional arrangements governing asset and liability management policies, so as to promote a transparent, publicly accountable, and professional incentive structure.
Sovereign Risk and Asset and Liability Management
Sovereign Risk and Asset and Liability Management - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Sovereign Risk and Asset and Liability Management write by Mr.Udaibir S Das. This book was released on 2012-10-04. Sovereign Risk and Asset and Liability Management available in PDF, EPUB and Kindle. 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 operational instrument in formulating asset management and debtor liability management strategies at the sovereign level. From a portfolio perspective, the SALM approach could help detect direct and derived sovereign risk exposures. It allows analyzing the financial characteristics of the balance sheet, identifying sources of costs and risks, and quantifying the correlations among these sources of risk. The paper also outlines institutional requirements in implementing an SALM framework and seeks to lay the ground for further policy and analytical work on this topic.
Risk Management of Sovereign Assets and Liabilities
Risk Management of Sovereign Assets and Liabilities - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Risk Management of Sovereign Assets and Liabilities write by Marcel Cassard. This book was released on 2006. Risk Management of Sovereign Assets and Liabilities available in PDF, EPUB and Kindle. In an environment of sizable and volatile capital flows and integrated international capital markets, large and unhedged net external sovereign liabilities expose countries to swings in international asset prices and to potential speculative currency attacks. The paper argues that an essential step in reducing emerging market vulnerability to such external shocks is to reform the institutional arrangements governing asset and liability management policies, so as to promote a transparent, publicly accountable, and professional incentive structure.
Sovereign Asset-Liability Management - Guidance for Resource-Rich Economies
Sovereign Asset-Liability Management - Guidance for Resource-Rich Economies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Sovereign Asset-Liability Management - Guidance for Resource-Rich Economies write by International Monetary Fund. This book was released on 2014-11-06. Sovereign Asset-Liability Management - Guidance for Resource-Rich Economies available in PDF, EPUB and Kindle. Ample natural resource revenues create both opportunities and challenges for a sovereign to transform its natural resources into well-managed financial assets. Hence, inter-temporal smoothing of revenue and consumption/investment moves to the center stage of macroeconomic policies. The questions arising from natural resource wealth accumulation are becoming more pressing for many countries, given the need to achieve intergenerational equity in a context where commodity prices may not continue their upward trajectory of the past decade. Addressing these questions requires a flexible sovereign asset-liability management (SALM) framework that integrates various macroeconomic and financial trade-offs with the aim of containing financial risk to the sovereign balance sheet. The framework and policy advice aims to guide policymakers across different institutions in weighing those trade-offs.
Sovereign Assets and Liabilities Management
Sovereign Assets and Liabilities Management - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Sovereign Assets and Liabilities Management write by Mr.D. F. I. Folkerts-Landau. This book was released on 2000-07-05. Sovereign Assets and Liabilities Management available in PDF, EPUB and Kindle. This volume, edited by David Folkerts-Landau and Marcel Cassard, consists of papers presented at a conference held in Hong Kong SAR that was hosted by the IMF and the Hong Kong Monetary Authority. It focuses on a wide range of issues confronting policymakers in managing their sovereign assets and liabilities in a world of mobile capital and integrated capital markets. Topics include public debt management strategy, central bank reserves management, technical and quantitive aspects of risk management, and credit costs and borrowing capacity in optimizing debt management. The papers draw on experiences of policymakers and private sector participants actively involved in formulating and implementing debt and reserves policy.
