Abstract
There is a consensus among OECD debt managers that the primary strategic objectives or functions of government debt management are63: (a) securing continuous (and easy) access to markets, while (b) minimizing longer-term borrowing costs at an acceptable level of risk. These strategic cost-risk objectives constitute the basis of the so-called standard micro portfolio approach to public debt management (PDM).
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© 2013 Springer Fachmedien Wiesbaden
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Hubig, A. (2013). Is the standard micro portfolio approach to sovereign debt management still appropriate? A critical analysis of the underlying analytical framework. In: Introduction of a New Conceptual Framework for Government Debt Management. Empirische Finanzmarktforschung/Empirical Finance. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-00918-2_2
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DOI: https://doi.org/10.1007/978-3-658-00918-2_2
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Publisher Name: Springer Gabler, Wiesbaden
Print ISBN: 978-3-658-00917-5
Online ISBN: 978-3-658-00918-2
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