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Sovereign risk and asset and liability management : conceptual issues
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| 자료유형 | 단행본 |
|---|---|
| 서명/저자사항 | Sovereign risk and asset and liability management : conceptual issues/ prepared by Udaibir S. Das [and others]. |
| 개인저자 | Das, Udaibir S.,editor, |
| 단체저자명 | International Monetary Fund. Monetary and Capital Markets Department. |
| 발행사항 | [Washington, D.C.]: International Monetary Fund, ?012. |
| 형태사항 | 1 online resource (44 pages). |
| 총서사항 | IMF working paper;WP/12/241 |
| ISBN | 9781475512540 1475512546 |
| 일반주기 |
Title from PDF title page (IMF Web site, viewed Oct. 5, 2012).
"Monetary and Capital Markets Department." "October 2012." |
| 서지주기 | Includes bibliographical references. |
| 요약 | 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 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. |
| 일반주제명 | Asset-liability management. Risk management. BUSINESS & ECONOMICS --Finance. Asset-liability management. Risk management. |
| 언어 | 영어 |
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