2013 | OriginalPaper | Buchkapitel
Stochastic modeling of the term structure dynamics for the purpose of long-term government debt management: The theoretical framework
verfasst von : Anja Hubig
Erschienen in: Introduction of a New Conceptual Framework for Government Debt Management
Verlag: Springer Fachmedien Wiesbaden
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Long-term government debt management aims to achieve the lowest possible long-term borrowing costs with an acceptable level of risk.
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For this purpose, different financing strategies are evaluated in terms of expected costs and risks to identify a financing strategy, which leads to a cost-risk optimal long-term portfolio structure.