Sovereign debt: managing the risks.: An article from: Finance & Development
Book Details
PublisherInternational Monetary Fund
ISBN / ASINB00097SDDA
ISBN-13978B00097SDD8
MarketplaceUnited Kingdom 🇬🇧
Description
This digital document is an article from Finance & Development, published by International Monetary Fund on December 1, 1997. The length of the article is 2954 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: Many developing countries that have taken advantage of their increased access to international financial markets are now faced with the difficult challenge of effectively managing the currency, interest rate and maturity risks associated with their sizable external foreign currency debts. The large foreign currency exposure of many emerging economies can be attributed to such factors as low domestic saving rates, the lack of domestic borrowing instruments and the high proportion of official financing. In a world of large and volatile capital flows and integrated international capital markets, countries that want to maintain their economic stability should make effective management of sovereign liabilities a priority. One issue that should be immediately addressed is the reform of institutional arrangements governing debt policy to facilitate the competent and transparent management of external debt risks.
Citation Details
Title: Sovereign debt: managing the risks.
Author: Marcel Cassard
Publication:Finance & Development (Magazine/Journal)
Date: December 1, 1997
Publisher: International Monetary Fund
Volume: v34 Issue: n4 Page: p12(4)
Distributed by Thomson Gale
From the supplier: Many developing countries that have taken advantage of their increased access to international financial markets are now faced with the difficult challenge of effectively managing the currency, interest rate and maturity risks associated with their sizable external foreign currency debts. The large foreign currency exposure of many emerging economies can be attributed to such factors as low domestic saving rates, the lack of domestic borrowing instruments and the high proportion of official financing. In a world of large and volatile capital flows and integrated international capital markets, countries that want to maintain their economic stability should make effective management of sovereign liabilities a priority. One issue that should be immediately addressed is the reform of institutional arrangements governing debt policy to facilitate the competent and transparent management of external debt risks.
Citation Details
Title: Sovereign debt: managing the risks.
Author: Marcel Cassard
Publication:Finance & Development (Magazine/Journal)
Date: December 1, 1997
Publisher: International Monetary Fund
Volume: v34 Issue: n4 Page: p12(4)
Distributed by Thomson Gale
