Sovereign Asset and Liability Management in Emerging Market Countries: The Case of Uruguay
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Summary:
This paper provides an overview of the strategic and operational issues as well as institutional challenges, related to the implementation of the Sovereign Asset and Liability Management (SALM) approach. Application of an SALM framework allows the authorities to identify and monitor sovereign exposure mismatches; increase resilience to foreign currency and interest rate risks; and thus, strengthen financial stability; and implement more cost-effective management of the public-sector debt. The analysis is based on emerging market (EM) countries and illustrated by the experience of Uruguay, using data as of end-2017.
Series:
Working Paper No. 2019/290
Subject:
Asset and liability management Currencies Financial statements Government asset and liability management Government debt management Money Public debt Public financial management (PFM)
English
Publication Date:
December 27, 2019
ISBN/ISSN:
9781513511696/1018-5941
Stock No:
WPIEA2019290
Pages:
40
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