How Do Countries Use An Asset And Liability Management Approach? A Survey On Sovereign Balance Sheet Management

Cangoz, M. Coskun; Boitreaud, Sebastien; Dychala, Christopher Benjamin

doi:10.1596/1813-9450-8624

Cited by 2 publications

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“…in New Zealand, the USA or the United Kingdom). According to the latest available surveys conducted by the above international institutions in 2018, among the 28 countries surveyed (including Poland), as many as 84% of them develop a sovereign balance sheet, whereby half of them calculate and monitor the net worth of the sovereign, but only 25% assess potential mismatches between assets and liabilities (Cangoz et al, 2018). Following the 2008 financial crisis, it is pointed out that many countries have increased their interest in the concept of SALM in the context of macro-prudential risk assessment.…”

Section: Introductionmentioning

confidence: 99%

Sovereign Asset and Liability Management (SALM): Perspective of Pandemic COVID-19 Outbreak in Oecd Countries, Including Poland

Budzeń

Marchewka-Bartkowiak

2022

Studies in Logic, Grammar and Rhetoric

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The COVID-19 pandemic is global and affects all countries in the world. The difference in the financial impact assessment of its outbreak concerns, inter alia, the state of preparation of the public sector in the previous period. The article assumes that countries which coordinated the structure of sovereign assets and liabilities before 2020 were less exposed to the negative effects of financial risks resulting from the COVID-19 pandemic. The study uses data and methodology of the International Monetary Fund and the authors’ measures dedicated to the public sector to assess the sovereign asset and liability management (SALM). As part of the results, the negative value of net worth and the national net welfare index for the studied countries, including Poland in the period before the pandemic crisis, were indicated. In addition, the level of the loans mismatch on the public balance sheet and the scale of the increase in financial risk in the first year of COVID-19 are presented. Conclusions of research make it possible to assess the impact of COVID-19 on Sovereign Asset and Liability Management.

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Section: Introductionmentioning

confidence: 99%

Sovereign Asset and Liability Management (SALM): Perspective of Pandemic COVID-19 Outbreak in Oecd Countries, Including Poland

Budzeń

Marchewka-Bartkowiak

2022

Studies in Logic, Grammar and Rhetoric

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Commercialization of Public Finance Management: Modern realities and Organizational and legal Modernization

Lapina

Zav’yalov²,

Gurinovich

2022

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The subject of the research is a substantive study of the modern realities of commercialization of public finance management and the possibility of its organizational and legal modernization.The purpose of the research is to establish the current state of commercialization of public finance management and to identify emerging problems in managing the liquidity and debt of the state, together with the possibilities and ways of leveling them and hedging risks through the organizational and legal modernization of public finance management.The relevance of scientific research and its scientific novelty are based on the absence in the Russian Federation of fundamental research on the current state of public finance management and its commercialization factors. The domestic scientific and practical literature touches on certain aspects of the issue under study, which does not allow us to establish cause-and-effect relationships of problems arising in the course of public finance management.The research is based on general scientific and special methods containing elements of comparative jurisprudence, system analysis, structural and functional approach, as well as a comprehensive and complete study and critical analysis of domestic and foreign fundamental scientific research, containing a number of studies in the field of legal regulation, public administration, econometrics, and macroeconomic forecasting. The collection and analysis of the material for the preparation of scientific research was carried out by a scientific group taking into account the quantitative and qualitative indicators of the authors’ citations, as well as the significance of their individual research.The authors conclude about the need to hedge risks when exercising the authority to manage liquidity and debt as integral elements of macroeconomic policy, with the elimination of the fragmented organizational structure of the authorities. Based on international experience, a number of authors’ recommendations have been developed to create, within the framework of organizational and legal modernization, a unified effective commercialized public finance management system with the establishment of promising potential development options to ensure the achievement of the state’s sustainable development goals stipulated by national projects.

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How Do Countries Use An Asset And Liability Management Approach? A Survey On Sovereign Balance Sheet Management

Cited by 2 publications

References 0 publications

Sovereign Asset and Liability Management (SALM): Perspective of Pandemic COVID-19 Outbreak in Oecd Countries, Including Poland

Sovereign Asset and Liability Management (SALM): Perspective of Pandemic COVID-19 Outbreak in Oecd Countries, Including Poland

Commercialization of Public Finance Management: Modern realities and Organizational and legal Modernization

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