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1. Introduction
2. Functional objective of debt management
3. Four basic functions of debt management
4. Central vs. general government debt
5. Objectives of public debt management
6. The public debt management strategy
7. Alternative debt strategies
8. Debt strategy and risk management
9. Risk management of government debt
10. Risk management governance
11. Strategic benchmarks as risk management tool
12. Government balance sheet risk
13. (In)solvency of the government
14. Basic notion of asset and liability management
15. ALM and optimal debt portfolio
16. Challenges of balance sheet risk management
17. Risk-based debt management and bond markets
18. Linkages chart
19. What is contingent debt?
20. Contingent debt is similar to conventional debt
21. Debt managers and guarantees
22. Why integrate contingent and conventional debt?
23. Alternatives to guarantees
24. Benefits from the use of guarantees
25. An OECD study provides important perspectives
26. Advances in risk management of government debt
27. Justification and valuation principles for guarantees
28. Rules and procedures for issuing guarantees
29. Summary

Topics Covered

• Most fundamental functional objectives of government debt management
• Central government debt versus general government debt
• The public debt management strategy
• Debt strategy and risk management
• Risk management governance
• Basic notions of asset and liability management
• Link between risk based public debt management and bond market
• What is contingent debt?
• Rules and procedures for issuing guarantees

Links

Series:

• Government Debt Management

Categories:

• Finance, Accounting & Economics

Talk Citation

Publication History

• Published on May 12, 2009