Sovereign Risk and Asset and Liability Management: Conceptual Issues
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 ge...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2012
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| Schriftenreihe: | IMF Working Papers
Working Paper No. 12/241 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | 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 |
| Beschreibung: | 1 Online-Ressource (44 p) |
| ISBN: | 1475511833 9781475511833 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:16Z |
| indexdate | 2024-07-10T09:35:23Z |
| institution | BVB |
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| language | English |
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| series2 | IMF Working Papers |
| spelling | Das, Udaibir S. Verfasser aut Sovereign Risk and Asset and Liability Management Conceptual Issues Das, Udaibir S Washington, D.C International Monetary Fund 2012 1 Online-Ressource (44 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 12/241 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 Online-Ausg Lu, Yinqiu Sonstige oth Papaioannou, Michael Sonstige oth Petrova, Iva Sonstige oth http://elibrary.imf.org/view/IMF001/20035-9781475511833/20035-9781475511833/20035-9781475511833.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Das, Udaibir S. Sovereign Risk and Asset and Liability Management Conceptual Issues |
| title | Sovereign Risk and Asset and Liability Management Conceptual Issues |
| title_auth | Sovereign Risk and Asset and Liability Management Conceptual Issues |
| title_exact_search | Sovereign Risk and Asset and Liability Management Conceptual Issues |
| title_exact_search_txtP | Sovereign Risk and Asset and Liability Management Conceptual Issues |
| title_full | Sovereign Risk and Asset and Liability Management Conceptual Issues Das, Udaibir S |
| title_fullStr | Sovereign Risk and Asset and Liability Management Conceptual Issues Das, Udaibir S |
| title_full_unstemmed | Sovereign Risk and Asset and Liability Management Conceptual Issues Das, Udaibir S |
| title_short | Sovereign Risk and Asset and Liability Management |
| title_sort | sovereign risk and asset and liability management conceptual issues |
| title_sub | Conceptual Issues |
| url | http://elibrary.imf.org/view/IMF001/20035-9781475511833/20035-9781475511833/20035-9781475511833.xml |
| work_keys_str_mv | AT dasudaibirs sovereignriskandassetandliabilitymanagementconceptualissues AT luyinqiu sovereignriskandassetandliabilitymanagementconceptualissues AT papaioannoumichael sovereignriskandassetandliabilitymanagementconceptualissues AT petrovaiva sovereignriskandassetandliabilitymanagementconceptualissues |