There is widespread agreement among leading debt management practitioners about the adequacy of debt servicing cash flow simulation technique to estimate the cost and risk of a sovereign liability portfolio. This practice gains a solid theoretical platform when re-cast into an asset liability management (ALM) framework. The issue then becomes how to incorporate the government's assets into cost and risk estimation. In a model developed in the World...
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INFORMATION
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2002/01/01
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Document de travail
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45233
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1
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1
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2010/07/01
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Disclosed
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A risk quantification model for public debt management
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government revenue
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