Public Debt Sustainability and Management in a Compound Option Framework

Public Debt Sustainability and Management in a Compound Option Framework
Author :
Publisher : International Monetary Fund
Total Pages : 31
Release :
ISBN-10 : 9781451961676
ISBN-13 : 1451961677
Rating : 4/5 (76 Downloads)

Book Synopsis Public Debt Sustainability and Management in a Compound Option Framework by : Mr.Jorge A. Chan-Lau

Download or read book Public Debt Sustainability and Management in a Compound Option Framework written by Mr.Jorge A. Chan-Lau and published by International Monetary Fund. This book was released on 2010-01-01 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper introduces the Asset and Liability Management (ALM) compound option model. The model builds on the observation that the public sector net worth in a multi-period setting corresponds to the value of an option on an option on total government assets. Hence, the ALM compound option model is better suited for analyzing and evaluating the risk profile of public debt than existing one-period models, and is especially useful for analyzing the soundness of exit strategies from the large fiscal expansions undertaken by G-20 countries in the wake of the recent financial crisis. As an illustration, the model is used to analyze the risk profile and sustainability of Australia's public debt under different policies.


Public Debt Sustainability and Management in a Compound Option Framework Related Books

Public Debt Sustainability and Management in a Compound Option Framework
Language: en
Pages: 31
Authors: Mr.Jorge A. Chan-Lau
Categories: Business & Economics
Type: BOOK - Published: 2010-01-01 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper introduces the Asset and Liability Management (ALM) compound option model. The model builds on the observation that the public sector net worth in a
Guidelines for Public Debt Management -- Amended
Language: en
Pages: 39
Authors: International Monetary Fund
Categories: Business & Economics
Type: BOOK - Published: 2003-09-12 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

NULL
The Fund’s Lending Framework and Sovereign Debt - Annexes
Language: en
Pages: 112
Authors: International Monetary Fund
Categories: Business & Economics
Type: BOOK - Published: 2014-05-23 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

NULL
Public Sector Debt Statistics
Language: en
Pages: 230
Authors: International Monetary Fund
Categories: Business & Economics
Type: BOOK - Published: 2011-12-08 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

The global financial crisis of recent years and the associated large fiscal deficits and debt levels that have impacted many countries underscores the importanc
Regional Economic Outlook, October 2010, Western Hemisphere
Language: en
Pages: 106
Authors: International Monetary Fund. Western Hemisphere Dept.
Categories: Business & Economics
Type: BOOK - Published: 2010-10-19 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Heating Up in the South, Cooler in the North broadly describes the economic scene for the Western Hemisphere. The report emphasizes how a mixed environment--wit