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Is the standard micro portfolio approach to sovereign debt management still appropriate?

In: Threat of fiscal dominance?

Author

Listed:
  • Hans J Blommestein

    (Organisation for Economic Co-operation and Development (OECD))

  • Anja Hubig

    (School of Business and Economics at the Humboldt University of Berlin (Institute for Banking and Asset Markets))

Abstract

No abstract is available for this item.

Suggested Citation

  • Hans J Blommestein & Anja Hubig, 2012. "Is the standard micro portfolio approach to sovereign debt management still appropriate?," BIS Papers chapters,in: Bank for International Settlements (ed.), Threat of fiscal dominance?, volume 65, pages 141-155 Bank for International Settlements.
  • Handle: RePEc:bis:bisbpc:65-09
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    File URL: http://www.bis.org/publ/bppdf/bispap65i_rh.pdf
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    References listed on IDEAS

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    1. Elisa Faraglia & Albert Marcet & Andrew Scott, 2008. "Fiscal Insurance and Debt Management in OECD Economies," Economic Journal, Royal Economic Society, vol. 118(527), pages 363-386, March.
    2. Hans J. Blommestein & Anja Hubig, 2012. "A Critical Analysis of the Technical Assumptions of the Standard Micro Portfolio Approach to Sovereign Debt Management," OECD Working Papers on Sovereign Borrowing and Public Debt Management 4, OECD Publishing.
    3. Lex Hoogduin & Bahar Öztürk & Peter Wierts, 2011. "Public Debt Managers' Behaviour Interactions with Macro Policies," Revue économique, Presses de Sciences-Po, vol. 62(6), pages 1105-1122.
    4. Faraglia, Elisa & Marcet, Albert & Scott, Andrew, 2010. "In search of a theory of debt management," Journal of Monetary Economics, Elsevier, vol. 57(7), pages 821-836, October.
    5. Massimo Bernaschi & Alessandro Missale & Davide Vergni, 2009. "Should Governments Minimize Debt Service Cost and Risk?," UNIMI - Research Papers in Economics, Business, and Statistics unimi-1097, Universitá degli Studi di Milano.
    6. David Jamieson Bolder, 2003. "A Stochastic Simulation Framework for the Government of Canada's Debt Strategy," Staff Working Papers 03-10, Bank of Canada.
    7. Alessandro Missale, 2012. "Sovereign debt management and fiscal vulnerabilities," BIS Papers chapters,in: Bank for International Settlements (ed.), Threat of fiscal dominance?, volume 65, pages 157-176 Bank for International Settlements.
    8. Hans J. Blommestein & Vincenzo Guzzo & Allison Holland & Yibin Mu, 2010. "Debt Markets: Policy Challenges in the Post-Crisis Landscape," OECD Journal: Financial Market Trends, OECD Publishing, vol. 2010(1), pages 143-169.
    9. Carmen M. Reinhart & Kenneth S. Rogoff, 2010. "Growth in a Time of Debt," American Economic Review, American Economic Association, vol. 100(2), pages 573-578, May.
    10. Yves Nosbusch, 2008. "Interest Costs and the Optimal Maturity Structure Of Government Debt," Economic Journal, Royal Economic Society, vol. 118(527), pages 477-498, March.
    11. Hans J Blommestein & Philip Turner, 2012. "Interactions between sovereign debt management and monetary policy under fiscal dominance and financial instability," BIS Papers chapters,in: Bank for International Settlements (ed.), Threat of fiscal dominance?, volume 65, pages 213-237 Bank for International Settlements.
    12. Udaibir S Das & Jay Surti & Faisal Ahmed & Michael G. Papaioannou & Guilherme Pedras, 2010. "Managing Public Debt and Its Financial Stability Implications," IMF Working Papers 10/280, International Monetary Fund.
    13. Stephen Cecchetti & Madhusudan Mohanty & Fabrizio Zampolli, 2011. "The real effects of debt," BIS Working Papers 352, Bank for International Settlements.
    14. Guido Wolswijk & Jakob de Haan, 2005. "Government debt management in the euro area - recent theoretical developments and changes in practices," Occasional Paper Series 25, European Central Bank.
    15. Alessandro MISSALE & Emanuele BACCHIOCCHI, 2005. "Managing debt stability," Departmental Working Papers 2005-05, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    16. Blommestein, Hans, 2010. "Risk Management after the Great Crash," Journal of Financial Transformation, Capco Institute, vol. 28, pages 1-19.
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