Setting Up a Sovereign Wealth Fund : : Some Policy and Operational Considerations / / Christian Mulder, Amadou Sy, Yinqiu Lu, Udaibir Das |
Autore | Mulder Christian |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 1 online resource (23 p.) |
Disciplina | 332.63232 |
Altri autori (Persone) |
SyAmadou
LuYinqiu DasUdaibir |
Collana | IMF Working Papers |
Soggetto topico |
Sovereign wealth funds
Investment of public funds Banks and Banking Investments: Commodities Financial Risk Management Macroeconomics Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General Financial Institutions and Services: General International Financial Markets Commodity Markets Monetary Policy Finance Banking Investment & securities Asset and liability management International reserves Commodity prices Asset allocation Commodities Prices Central banks Asset-liability management Foreign exchange reserves Commercial products |
ISBN |
1-4623-2953-5
1-4527-4602-8 1-282-84390-7 9786612843907 1-4518-7326-3 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; Glossary; I. Introduction; II. What is a Sovereign Wealth Fund?; III. When to Set Up an SWF?; A. When are a Country's Reserves Adequate?; B. What are the Options in Case of Ample Reserves?; C. What if BoP Crises Call for Liquidity Support from the SWF?; IV. What Are An SWF's Objectives?; A. Can SWFs be Distinguished by Their Stated Policy Objectives?; B. How to Formulate Operational Objectives to Achieve Policy Objectives?; V. What are the Funding, Withdrawal, and Spending Rules of an SWF?; A. Rules for Transferring Funds between an SWF and its Owner
VI. Some Considerations in Determining the Institutional Structure?A. SWFs as a Unit within a Central Bank or the Ministry of Finance, or, as a Separate Legal Entity?; B. How are the Decision-Making Hierarchy and Lines of Reporting Organized?; VII. What Determines the Investment Policy?; A. What are the General Considerations in Designing an SWF's SAA?; B. What are the Considerations for an SWF to Finance Domestic Projects?; C. What are the Considerations when an SWF Hires External Asset Managers?; VIII. Conclusion; References |
Record Nr. | UNINA-9910788228803321 |
Mulder Christian
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Washington, D.C. : , : International Monetary Fund, , 2009 | ||
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Lo trovi qui: Univ. Federico II | ||
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Setting Up a Sovereign Wealth Fund : : Some Policy and Operational Considerations / / Christian Mulder, Amadou Sy, Yinqiu Lu, Udaibir Das |
Autore | Mulder Christian |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 1 online resource (23 p.) |
Disciplina | 332.63232 |
Altri autori (Persone) |
SyAmadou
LuYinqiu DasUdaibir |
Collana | IMF Working Papers |
Soggetto topico |
Sovereign wealth funds
Investment of public funds Banks and Banking Investments: Commodities Financial Risk Management Macroeconomics Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General Financial Institutions and Services: General International Financial Markets Commodity Markets Monetary Policy Finance Banking Investment & securities Asset and liability management International reserves Commodity prices Asset allocation Commodities Prices Central banks Asset-liability management Foreign exchange reserves Commercial products |
ISBN |
1-4623-2953-5
1-4527-4602-8 1-282-84390-7 9786612843907 1-4518-7326-3 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; Glossary; I. Introduction; II. What is a Sovereign Wealth Fund?; III. When to Set Up an SWF?; A. When are a Country's Reserves Adequate?; B. What are the Options in Case of Ample Reserves?; C. What if BoP Crises Call for Liquidity Support from the SWF?; IV. What Are An SWF's Objectives?; A. Can SWFs be Distinguished by Their Stated Policy Objectives?; B. How to Formulate Operational Objectives to Achieve Policy Objectives?; V. What are the Funding, Withdrawal, and Spending Rules of an SWF?; A. Rules for Transferring Funds between an SWF and its Owner
VI. Some Considerations in Determining the Institutional Structure?A. SWFs as a Unit within a Central Bank or the Ministry of Finance, or, as a Separate Legal Entity?; B. How are the Decision-Making Hierarchy and Lines of Reporting Organized?; VII. What Determines the Investment Policy?; A. What are the General Considerations in Designing an SWF's SAA?; B. What are the Considerations for an SWF to Finance Domestic Projects?; C. What are the Considerations when an SWF Hires External Asset Managers?; VIII. Conclusion; References |
Record Nr. | UNINA-9910812018903321 |
Mulder Christian
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Washington, D.C. : , : International Monetary Fund, , 2009 | ||
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Lo trovi qui: Univ. Federico II | ||
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Sovereign Debt Restructurings 1950-2010 : : Literature Survey, Data, and Stylized Facts / / Christoph Trebesch, Michael Papaioannou, Udaibir Das |
Autore | Trebesch Christoph |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
Descrizione fisica | 1 online resource (129 p.) |
Altri autori (Persone) |
PapaioannouMichael
DasUdaibir |
Collana |
IMF Working Papers
IMF working paper |
Soggetto topico |
Debt relief
Debtor and creditor Financial Risk Management Investments: Bonds Public Finance International Lending and Debt Problems Financing Policy Financial Risk and Risk Management Capital and Ownership Structure Value of Firms Goodwill Debt Debt Management Sovereign Debt General Financial Markets: General (includes Measurement and Data) Financial Crises Finance Investment & securities Economic & financial crises & disasters Public finance & taxation Debt restructuring Bonds Financial crises Sovereign debt restructuring Public debt Asset and liability management Financial institutions Debts, External Debts, Public |
ISBN |
1-4755-5432-X
1-4755-0709-7 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Cover; Contents; I. Introduction; II. Basic Concepts; A. What is a Sovereign Debt Restructuring?; B. What is the Difference Between Default and Restructuring?; C. Restructurings and Credit Events; D. "Haircuts" and Calculation of Debt Relief; Figures; 1. A Stylized Example-Total Debt Service Before and After; III. The Process of Sovereign Debt Restructuring; A. Key Elements in a Debt Restructuring Process; 2. Stylized Timeline of a Sovereign Debt Restructuring; B. Restructuring Bilateral Debt: The Paris Club; Tables; 1. Overview of Debt Restructuring Vehicles by Type of Creditor
2. Paris Club Creditors in Selected Restructurings C. Restructuring Bank Loans: The London Club; Boxes; 1. The Brady Plan; 3. Selected Bank Advisory Committees since the 1980's (London Club Process); D. Sovereign Bond Exchanges; 4. Negotiating with Sovereign Bondholders; E. The Duration of Debt Renegotiations; 3. Restructuring Duration by Type of Debt; F. Pitfalls in the Restructuring Process; IV. Sovereign Debt Restructurings 1950-2010: An Overview; A. When and How Often Was Sovereign Debt Restructured?; 4. Foreign Debt Restructurings by Country (1950-2010) 5. Debt Restructurings with Paris Club and Private Creditors 6. Bank Loan versus Bond Restructurings (1950-2010); 7. Restructurings with Face Value Debt Reduction (Nominal Write-Offs); B. Characteristics of Bond and Bank Debt Restructurings Since 1998; 5. Characteristics of Main Sovereign Debt Restructurings with Foreign Banks and Bondholders, 1998-2010; C. Financial and Macroeconomic Conditions During Restructuring Episodes; D. Evolution of Credit Ratings During Restructuring Episodes; 8. Financial and Macroeconomic Indicators in Restructuring Periods 6. Sovereign Ratings in Nine Recent Bond Restructurings9. Ratings Evolution during Sovereign Restructuring Episodes; V. Legal Aspects of Sovereign Debt Restructurings; A. Governing Laws; 7. Emerging Market Sovereign Bonds by Governing Law; 10. Bond Issuance in Main Emerging Markets 2003-2010, by Governing Law; 11. Public Bond Issuance in EU Countries 2003-2010, by Governing Law; B. Collective Action Clauses; C. Further Key Bond Clauses; 8. Legal Characteristics of Sovereign Bond Restructurings (1999-2009); D. Creditor Litigation Against Debtor Governments 12. Creditor Litigation after Defaults/Restructurings: New Cases Filed per Year VI. Domestic Sovereign Debt Restructurings; A. Evidence on Domestic Debt Restructurings; 2. The Domestic Restructuring in Jamaica 2010; B. Evidence on Restructurings in a Monetary Union; C. Restructuring "Quasi-Sovereign" Debt; 3. Recent "Quasi-Sovereign" Debt Restructurings; VII. Credit Default Swaps and Sovereign Debt Restructurings; A. The Settlement of Sovereign CDS Contracts; B. Potential Distortions: Insurable Interest and the "Empty Creditor" Problem VIII. Costs and Implications of Sovereign Debt Restructurings: A Survey |
Record Nr. | UNINA-9910786475203321 |
Trebesch Christoph
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Washington, D.C. : , : International Monetary Fund, , 2012 | ||
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Lo trovi qui: Univ. Federico II | ||
|
Sovereign Debt Restructurings 1950-2010 : : Literature Survey, Data, and Stylized Facts / / Christoph Trebesch, Michael Papaioannou, Udaibir Das |
Autore | Trebesch Christoph |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
Descrizione fisica | 1 online resource (129 p.) |
Disciplina | 332.1 |
Altri autori (Persone) |
PapaioannouMichael
DasUdaibir |
Collana |
IMF Working Papers
IMF working paper |
Soggetto topico |
Debt relief
Debtor and creditor Financial Risk Management Investments: Bonds Public Finance International Lending and Debt Problems Financing Policy Financial Risk and Risk Management Capital and Ownership Structure Value of Firms Goodwill Debt Debt Management Sovereign Debt General Financial Markets: General (includes Measurement and Data) Financial Crises Finance Investment & securities Economic & financial crises & disasters Public finance & taxation Debt restructuring Bonds Financial crises Sovereign debt restructuring Public debt Asset and liability management Financial institutions Debts, External Debts, Public |
ISBN |
1-4755-5432-X
1-4755-0709-7 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Cover; Contents; I. Introduction; II. Basic Concepts; A. What is a Sovereign Debt Restructuring?; B. What is the Difference Between Default and Restructuring?; C. Restructurings and Credit Events; D. "Haircuts" and Calculation of Debt Relief; Figures; 1. A Stylized Example-Total Debt Service Before and After; III. The Process of Sovereign Debt Restructuring; A. Key Elements in a Debt Restructuring Process; 2. Stylized Timeline of a Sovereign Debt Restructuring; B. Restructuring Bilateral Debt: The Paris Club; Tables; 1. Overview of Debt Restructuring Vehicles by Type of Creditor
2. Paris Club Creditors in Selected Restructurings C. Restructuring Bank Loans: The London Club; Boxes; 1. The Brady Plan; 3. Selected Bank Advisory Committees since the 1980's (London Club Process); D. Sovereign Bond Exchanges; 4. Negotiating with Sovereign Bondholders; E. The Duration of Debt Renegotiations; 3. Restructuring Duration by Type of Debt; F. Pitfalls in the Restructuring Process; IV. Sovereign Debt Restructurings 1950-2010: An Overview; A. When and How Often Was Sovereign Debt Restructured?; 4. Foreign Debt Restructurings by Country (1950-2010) 5. Debt Restructurings with Paris Club and Private Creditors 6. Bank Loan versus Bond Restructurings (1950-2010); 7. Restructurings with Face Value Debt Reduction (Nominal Write-Offs); B. Characteristics of Bond and Bank Debt Restructurings Since 1998; 5. Characteristics of Main Sovereign Debt Restructurings with Foreign Banks and Bondholders, 1998-2010; C. Financial and Macroeconomic Conditions During Restructuring Episodes; D. Evolution of Credit Ratings During Restructuring Episodes; 8. Financial and Macroeconomic Indicators in Restructuring Periods 6. Sovereign Ratings in Nine Recent Bond Restructurings9. Ratings Evolution during Sovereign Restructuring Episodes; V. Legal Aspects of Sovereign Debt Restructurings; A. Governing Laws; 7. Emerging Market Sovereign Bonds by Governing Law; 10. Bond Issuance in Main Emerging Markets 2003-2010, by Governing Law; 11. Public Bond Issuance in EU Countries 2003-2010, by Governing Law; B. Collective Action Clauses; C. Further Key Bond Clauses; 8. Legal Characteristics of Sovereign Bond Restructurings (1999-2009); D. Creditor Litigation Against Debtor Governments 12. Creditor Litigation after Defaults/Restructurings: New Cases Filed per Year VI. Domestic Sovereign Debt Restructurings; A. Evidence on Domestic Debt Restructurings; 2. The Domestic Restructuring in Jamaica 2010; B. Evidence on Restructurings in a Monetary Union; C. Restructuring "Quasi-Sovereign" Debt; 3. Recent "Quasi-Sovereign" Debt Restructurings; VII. Credit Default Swaps and Sovereign Debt Restructurings; A. The Settlement of Sovereign CDS Contracts; B. Potential Distortions: Insurable Interest and the "Empty Creditor" Problem VIII. Costs and Implications of Sovereign Debt Restructurings: A Survey |
Record Nr. | UNINA-9910826179303321 |
Trebesch Christoph
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Washington, D.C. : , : International Monetary Fund, , 2012 | ||
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Lo trovi qui: Univ. Federico II | ||
|
Strategic Considerations for First-Time Sovereign Bond Issuers / / Magdalena Polan, Udaibir Das, Michael Papaioannou |
Autore | Polan Magdalena |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
Descrizione fisica | 1 online resource (29 p.) |
Disciplina | 332.6323 |
Altri autori (Persone) |
DasUdaibir
PapaioannouMichael |
Collana |
IMF Working Papers
IMF working paper |
Soggetto topico |
Bonds - Developing countries
Risk management - Developing countries Debts, Public - Developing countries Finance: General Investments: Bonds Public Finance General Financial Markets: General (includes Measurement and Data) Debt Debt Management Sovereign Debt Investment & securities Public finance & taxation Finance Bonds International bonds Government debt management International capital markets Sovereign bonds Debts, Public Capital market |
ISBN |
1-4623-8101-4
1-4527-0467-8 9786612842122 1-4518-7119-8 1-282-84212-9 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. Recent Trends in EM and LIC Sovereign Bond Issuance; Tables; 1. Selected Debut Issues by EM Countries; Figures; 1. Characteristics of Selected Debut EM and LIC Issues; Boxes; 1. Fund Policy on Non-Concessional External Debt Financing for Program and Post-Debt Relief Countries; 2. Trends in Concessional and Non-Concessional Financing in Sub-Saharan Countries; 3. Recent Debut Issues and Risk Appetite; III. International Issuance: Advantages and Risks; A. Advantages of International Issuance; B. Risks of International Issuance
IV. Strategic Considerations for Sovereign Debut IssuersA. Debt-Sustainability Aspects of Issuance; 2. Credit Ratings and EMBI Global Spreads for Selected EM Countries; B. Practical and Operational Aspects of Issuance; 2. Considerations for a Successful Issuance of a Sovereign Debut International Bond; V. Pitfalls of First Time Sovereign Issuance; 4. Composite Credit Ratings of Debut Sovereign Issuers and Spreads at Issue; 5. Relative Cost of Recent Debut Issues; VI. Concluding Remarks; References |
Record Nr. | UNINA-9910788341903321 |
Polan Magdalena
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Washington, D.C. : , : International Monetary Fund, , 2008 | ||
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Lo trovi qui: Univ. Federico II | ||
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Strategic Considerations for First-Time Sovereign Bond Issuers / / Magdalena Polan, Udaibir Das, Michael Papaioannou |
Autore | Polan Magdalena |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
Descrizione fisica | 1 online resource (29 p.) |
Disciplina | 332.6323 |
Altri autori (Persone) |
DasUdaibir
PapaioannouMichael |
Collana |
IMF Working Papers
IMF working paper |
Soggetto topico |
Bonds - Developing countries
Risk management - Developing countries Debts, Public - Developing countries Finance: General Investments: Bonds Public Finance General Financial Markets: General (includes Measurement and Data) Debt Debt Management Sovereign Debt Investment & securities Public finance & taxation Finance Bonds International bonds Government debt management International capital markets Sovereign bonds Debts, Public Capital market |
ISBN |
1-4623-8101-4
1-4527-0467-8 9786612842122 1-4518-7119-8 1-282-84212-9 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. Recent Trends in EM and LIC Sovereign Bond Issuance; Tables; 1. Selected Debut Issues by EM Countries; Figures; 1. Characteristics of Selected Debut EM and LIC Issues; Boxes; 1. Fund Policy on Non-Concessional External Debt Financing for Program and Post-Debt Relief Countries; 2. Trends in Concessional and Non-Concessional Financing in Sub-Saharan Countries; 3. Recent Debut Issues and Risk Appetite; III. International Issuance: Advantages and Risks; A. Advantages of International Issuance; B. Risks of International Issuance
IV. Strategic Considerations for Sovereign Debut IssuersA. Debt-Sustainability Aspects of Issuance; 2. Credit Ratings and EMBI Global Spreads for Selected EM Countries; B. Practical and Operational Aspects of Issuance; 2. Considerations for a Successful Issuance of a Sovereign Debut International Bond; V. Pitfalls of First Time Sovereign Issuance; 4. Composite Credit Ratings of Debut Sovereign Issuers and Spreads at Issue; 5. Relative Cost of Recent Debut Issues; VI. Concluding Remarks; References |
Record Nr. | UNINA-9910827081003321 |
Polan Magdalena
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Washington, D.C. : , : International Monetary Fund, , 2008 | ||
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Lo trovi qui: Univ. Federico II | ||
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Unwinding Financial Sector Interventions : : Preconditions and Practical Considerations / / Michael Papaioannou, Udaibir Das |
Autore | Papaioannou Michael |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2010 |
Descrizione fisica | 1 online resource (94 p.) |
Disciplina | 330.9/0511 |
Altri autori (Persone) | DasUdaibir |
Soggetto topico |
Global Financial Crisis, 2008-2009 - Government policy
Banks and Banking Financial Risk Management Macroeconomics Public Finance Industries: Financial Services Finance: General Banks Depository Institutions Micro Finance Institutions Mortgages Fiscal Policy Financial Institutions and Services: General Financial Institutions and Services: Government Policy and Regulation Financial Crises Interest Rates: Determination, Term Structure, and Effects Debt Debt Management Sovereign Debt Banking Economic & financial crises & disasters Finance Public finance & taxation Financial sector Fiscal policy Deposit insurance Fiscal stimulus Economic sectors Financial crises Central bank policy rate Financial services Public debt Banks and banking Financial services industry Crisis management Interest rates Debts, Public |
ISBN |
1-4623-1583-6
1-4552-9293-1 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | Preface -- Contents -- Abbreviations -- Overview -- Introductory Remarks by John Lipsky -- The Financial Crisis -- "Where Are We Now, and What Are the Prospects for Unwinding Public Interventions in the Financial Sector? -- Managing Fiscal Risks"Public Finance Aspects of Unwinding -- Financial Sector Interventions"Identifying Preconditions and Practical Considerations for Unwinding Liquidity Support and Guarantees -- Financial Crisis-Related Assets"Practical Considerations for Restoring Private Control -- Concluding Remarks by John Lipsky -- Annex: Agenda, Participants, and Summary of Deliberations. |
Record Nr. | UNINA-9910791401703321 |
Papaioannou Michael
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Washington, D.C. : , : International Monetary Fund, , 2010 | ||
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Lo trovi qui: Univ. Federico II | ||
|
Unwinding Financial Sector Interventions : : Preconditions and Practical Considerations / / Michael Papaioannou, Udaibir Das |
Autore | Papaioannou Michael |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2010 |
Descrizione fisica | 1 online resource (94 p.) |
Disciplina | 330.9/0511 |
Altri autori (Persone) | DasUdaibir |
Soggetto topico |
Global Financial Crisis, 2008-2009 - Government policy
Banks and Banking Financial Risk Management Macroeconomics Public Finance Industries: Financial Services Finance: General Banks Depository Institutions Micro Finance Institutions Mortgages Fiscal Policy Financial Institutions and Services: General Financial Institutions and Services: Government Policy and Regulation Financial Crises Interest Rates: Determination, Term Structure, and Effects Debt Debt Management Sovereign Debt Banking Economic & financial crises & disasters Finance Public finance & taxation Financial sector Fiscal policy Deposit insurance Fiscal stimulus Economic sectors Financial crises Central bank policy rate Financial services Public debt Banks and banking Financial services industry Crisis management Interest rates Debts, Public |
ISBN |
1-4623-1583-6
1-4552-9293-1 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | Preface -- Contents -- Abbreviations -- Overview -- Introductory Remarks by John Lipsky -- The Financial Crisis -- "Where Are We Now, and What Are the Prospects for Unwinding Public Interventions in the Financial Sector? -- Managing Fiscal Risks"Public Finance Aspects of Unwinding -- Financial Sector Interventions"Identifying Preconditions and Practical Considerations for Unwinding Liquidity Support and Guarantees -- Financial Crisis-Related Assets"Practical Considerations for Restoring Private Control -- Concluding Remarks by John Lipsky -- Annex: Agenda, Participants, and Summary of Deliberations. |
Record Nr. | UNINA-9910820423703321 |
Papaioannou Michael
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Washington, D.C. : , : International Monetary Fund, , 2010 | ||
![]() | ||
Lo trovi qui: Univ. Federico II | ||
|