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 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.
Economics of Sovereign Wealth Funds
Economics of Sovereign Wealth Funds - 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 Economics of Sovereign Wealth Funds write by Mr.Udaibir S. Das. This book was released on 2010-12-09. Economics of Sovereign Wealth Funds available in PDF, EPUB and Kindle. The book covers a wide range of topics of relevance to policymakers in countries that have sovereign wealth funds (SWFs) and those that receive SWF investments. Renowned experts in the field have contributed chapters. The book is organized around four themes: (1) the role and macrofinancial linkages of SWFs, (2) institutional factors, (3) investment approaches and financial markets, and (4) the postcrisis outlook. The book also discusses the challenges facing sovereign wealth funds in the coming years, from an inside perspective on countries, including Canada, Chile, China, Norway, Russia, and New Zealand. Economics of Sovereign Wealth Funds will contribute to a further understanding of the nature, strategies and behavior of SWFs and the environment in which they operate, as their importance is likely to grow in the coming years.
Managing the Sovereign-Bank Nexus
Managing the Sovereign-Bank Nexus - 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 Managing the Sovereign-Bank Nexus write by Mr.Giovanni Dell'Ariccia. This book was released on 2018-09-07. Managing the Sovereign-Bank Nexus available in PDF, EPUB and Kindle. This paper reviews empirical and theoretical work on the links between banks and their governments (the bank-sovereign nexus). How significant is this nexus? What do we know about it? To what extent is it a source of concern? What is the role of policy intervention? The paper concludes with a review of recent policy proposals.
Sovereign Asset and Liability Management in Emerging Market Countries: The Case of Uruguay
Sovereign Asset and Liability Management in Emerging Market Countries: The Case of Uruguay - 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 and Liability Management in Emerging Market Countries: The Case of Uruguay write by André Amante. This book was released on 2019-12-27. Sovereign Asset and Liability Management in Emerging Market Countries: The Case of Uruguay available in PDF, EPUB and Kindle. This paper provides an overview of the strategic and operational issues as well as institutional challenges, related to the implementation of the Sovereign Asset and Liability Management (SALM) approach. Application of an SALM framework allows the authorities to identify and monitor sovereign exposure mismatches; increase resilience to foreign currency and interest rate risks; and thus, strengthen financial stability; and implement more cost-effective management of the public-sector debt. The analysis is based on emerging market (EM) countries and illustrated by the experience of Uruguay, using data as of end-2017.
