A Risk-Based Debt Sustainability Framework Incorporating Balance Sheets and Uncertainty
This paper proposes a new framework for the analysis of public sector debt sustainability. The framework uses concepts and methods from modern practice of contingent claims to develop a quantitative risk-based model of sovereign credit risk. The motivation in developing this framework is to provide...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2008
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Schriftenreihe: | IMF Working Papers
Working Paper No. 08/40 |
Online-Zugang: | DE-20 DE-824 DE-70 DE-155 DE-29 DE-22 DE-473 DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-739 DE-355 DE-Aug4 DE-1049 DE-12 DE-91 URL des Erstveröffentlichers |
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520 | 3 | |a This paper proposes a new framework for the analysis of public sector debt sustainability. The framework uses concepts and methods from modern practice of contingent claims to develop a quantitative risk-based model of sovereign credit risk. The motivation in developing this framework is to provide a clear and workable complement to traditional debt sustainability analysis which-although it has many useful applications-suffers from the inability to measure risk exposures, default probabilities and credit spreads. Importantly, this new framework can be adapted for policy analysis, including debt and reserve management | |
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Datensatz im Suchindex
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any_adam_object | |
author | Gray, Dale F. |
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id | DE-604.BV048348871 |
illustrated | Not Illustrated |
indexdate | 2024-12-24T09:26:04Z |
institution | BVB |
isbn | 1451869029 9781451869026 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033728139 |
oclc_num | 1337136755 |
open_access_boolean | |
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physical | 1 Online-Ressource (25 p) |
psigel | ZDB-1-IMF |
publishDate | 2008 |
publishDateSearch | 2008 |
publishDateSort | 2008 |
publisher | International Monetary Fund |
record_format | marc |
series2 | IMF Working Papers |
spellingShingle | Gray, Dale F. A Risk-Based Debt Sustainability Framework Incorporating Balance Sheets and Uncertainty |
title | A Risk-Based Debt Sustainability Framework Incorporating Balance Sheets and Uncertainty |
title_auth | A Risk-Based Debt Sustainability Framework Incorporating Balance Sheets and Uncertainty |
title_exact_search | A Risk-Based Debt Sustainability Framework Incorporating Balance Sheets and Uncertainty |
title_full | A Risk-Based Debt Sustainability Framework Incorporating Balance Sheets and Uncertainty Gray, Dale F |
title_fullStr | A Risk-Based Debt Sustainability Framework Incorporating Balance Sheets and Uncertainty Gray, Dale F |
title_full_unstemmed | A Risk-Based Debt Sustainability Framework Incorporating Balance Sheets and Uncertainty Gray, Dale F |
title_short | A Risk-Based Debt Sustainability Framework |
title_sort | a risk based debt sustainability framework incorporating balance sheets and uncertainty |
title_sub | Incorporating Balance Sheets and Uncertainty |
url | http://elibrary.imf.org/view/IMF001/08911-9781451869026/08911-9781451869026/08911-9781451869026.xml |
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