Risk Management of Sovereign Assets and Liabilities /

In an environment of sizable and volatile capital flows and integrated international capital markets, large and unhedged net external sovereign liabilities expose countries to swings in international asset prices and to potential speculative currency attacks. The paper argues that an essential step...

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Bibliographic Details
Main Author: Cassard, Marcel
Other Authors: Folkerts-Landau, D.
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1997.
Series:IMF Working Papers; Working Paper ; No. 1997/166
Online Access:Full text available on IMF