2013 | OriginalPaper | Chapter
From corporate to public finance: A new application of the capital budgeting approach to sovereign debt management
Author : Anja Hubig
Published in: Introduction of a New Conceptual Framework for Government Debt Management
Publisher: Springer Fachmedien Wiesbaden
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
Government debt managers are currently confronted with rapidly changing conditions. New and complex interactions between public debt management (PDM), monetary and fiscal policy as well as financial stability in the face of serious fiscal vulnerabilities, a rapid increase in sovereign risk and considerable uncertainty about future interest rates (denoted as fiscal dominance in Turner [2011, pp. 7 f.] and Blommestein and Turner [2012, p. 6]), may require a reassessment of the existing PDM framework.