Risk Management of Contingent Liabilities Within a Sovereign Asset-Liability Framework
- Topics:
- Investment and Capital Markets
- Tags:
- Balance Sheets,
- Strategy,
- Risk Management,
- Management,
- Liability,
- Free Trade,
- Financial Statements,
- Financial Services,
- Financial Planning,
- Financial Accounting,
- ...
- Source:
- World Bank Group
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Overview: Important research has already been made on the potentially destabilizing fiscal impact of contingent liabilities. Additional insights can be gained by working within a broader conceptual framework based on the government's balance sheet. This approach would place contingent liabilities alongside other sovereign exposures arising from both assets and liabilities. A number of sovereigns using asset-liability frameworks have assigned risk monitoring and policy formulation functions for managing risk originating from CL to debt offices. It seems to be a logical step extending the infrastructure available for risk management of sovereign debt to CL, since techniques and skills required are in both cases the same.
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Format: PDF | Size: 93KB | Date: Mar 2002 | Pages: 28
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