A primer on managing sovereign debt-portfolio risks /

A primer on managing sovereign debt-portfolio risks /

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Bibliographic Details
Author / Creator:	Jonasson, Thordur, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, [2018] ©2018
Description:	1 online resource (134 pages)
Language:	English
Series:	IMF Working Paper ; WP/18/74 IMF working paper ; WP/18/74.
Subject:	Risk -- Econometric models. Interest rates -- Econometric models. Credit -- Econometric models. Credit -- Econometric models. Interest rates -- Econometric models. Risk -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12507881

Hidden Bibliographic Details
Other authors / contributors:	Papaioannou, Michael G., author.
ISBN:	9781484351840 1484351843 1484350545 9781484350546
Notes:	ReferencesTables; 1. Sources of Fiscal Risks; 2. Selected SALM Country Cases; 3. Liability Management Operations Used by Debt Managers; 4. Debt Management Channels to Financial Stability; Figure; 1. Stylized Timeline of a Sovereign Debt Restructuring; Boxes; 1. Selected Elements of Guarantee Policy; 2. Legal Risks-Argentina and Belgium; 3. Content of a Debt Management Strategy Document; 4. Debt Managers' Use of Derivatives; 5. Can Sovereigns Use Extendible Bonds to Reduce Liquidity Risk?; 6. Credit Risk Related to Derivatives; 7. Deriving Debt Sustainability Analysis Equations. Print version record.
Summary:	This paper provides an overview of sovereign debt portfolio risks and discusses various liability management operations (LMOs) and instruments used by public debt managers to mitigate these risks. Debt management strategies analyzed in the context of helping reach debt portfolio targets and attain desired portfolio structures. Also, the paper outlines how LMOs could be integrated into a debt management strategy and serve as policy tools to reduce potential debt portfolio vulnerabilities. Further, the paper presents operational issues faced by debt managers, including the need to develop a risk management framework, interactions of debt management with fiscal policy, monetary policy, and financial stability, as well as efficient government bond markets.
Other form:	Print version: Jonasson, Thordur. A Primer on Managing Sovereign Debt-Portfolio Risks. Washington, D.C. : International Monetary Fund, ©2018 9781484350546
Standard no.:	10.5089/9781484350546.001

Description
Summary:	This paper provides an overview of sovereign debt portfolio risks and discusses various liability management operations (LMOs) and instruments used by public debt managers to mitigate these risks. Debt management strategies analyzed in the context of helping reach debt portfolio targets and attain desired portfolio structures. Also, the paper outlines how LMOs could be integrated into a debt management strategy and serve as policy tools to reduce potential debt portfolio vulnerabilities. Further, the paper presents operational issues faced by debt managers, including the need to develop a risk management framework, interactions of debt management with fiscal policy, monetary policy, and financial stability, as well as efficient government bond markets.
Physical Description:	1 online resource (134 pages)
Bibliography:	ReferencesTables; 1. Sources of Fiscal Risks; 2. Selected SALM Country Cases; 3. Liability Management Operations Used by Debt Managers; 4. Debt Management Channels to Financial Stability; Figure; 1. Stylized Timeline of a Sovereign Debt Restructuring; Boxes; 1. Selected Elements of Guarantee Policy; 2. Legal Risks-Argentina and Belgium; 3. Content of a Debt Management Strategy Document; 4. Debt Managers' Use of Derivatives; 5. Can Sovereigns Use Extendible Bonds to Reduce Liquidity Risk?; 6. Credit Risk Related to Derivatives; 7. Deriving Debt Sustainability Analysis Equations.
ISBN:	9781484351840 1484351843 1484350545 9781484350546