Managing interest rate exposure: some simple tools for financial managers.: An article from: Government Finance Review

This digital document is an article from Government Finance Review, published by Government Finance Officers Association on August 1, 1996. The length of the article is 3436 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Financial managers in the public sector have become more cautious about interest rate risks. They have learned the hard lesson that state and local governments should avoid making explicit 'bets' on the direction of interest rates. Financial problems which governments experienced after the rise of interest rates in 1994 were initially blamed on derivatives. However, analysts have more recently established that the combined effects of the asset and liability portfolios cause interest rate exposure. A body of theory called asset-liability management has been developed by bankers.

Citation Details
Title: Managing interest rate exposure: some simple tools for financial managers.
Author: Dall W. Forsythe
Publication:Government Finance Review (Magazine/Journal)
Date: August 1, 1996
Publisher: Government Finance Officers Association
Volume: v12 Issue: n4 Page: p17(4)

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