Turkish Treasury Simulation Model for Debt Strategy Analysis

• Tác giả: Emre Balibek
• Ngôn ngữ: eng
• Ký hiệu phân loại: 332.46 Monetary policy
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 242645
• Chủ đề: 1. ACCOUNTING; 2. ACCOUNTING STANDARDS; 3. ACCRUAL ACCOUNTING; 4. ADVERSE EFFECT; 5. ADVERSE EFFECTS

Tóm tắt

Governments raise funds to meet their financing needs using a range of fixed income securities and loans with different maturities, interest rates, and exchange rate structures. Public debt managers need to consider various policy objectives when deciding on the structure of the public liability portfolio. This paper describes a simulation model developed at the Turkish Treasury to assist the decision-making process in debt strategy formulation. The model is used to analyze the medium and long-term consequences of alternative debt management strategies in terms of cost and risk characteristics, and provides key inputs to decision making.