Managing Foreign Exchange Rate Risk: Capacity Development for Public Debt Managers in Emerging Market and Low-Income Countries
Managing Foreign Exchange Rate Risk: Capacity Development for Public Debt Managers in Emerging Market and Low-Income Countries
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Volume/Issue:
Volume 2024
Issue 167
Publication date: August 2024
ISBN: 9798400287107
$20.00
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Topics covered in this book
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Banks and Banking , Exports and Imports , Money and Monetary Policy , Public Finance , exchange rate risk risk management , debt portfolio , public debt manager , currency exposure , risk-management strategy , Government debt management , Debt management , Currencies , Exchange rate risk , Foreign currency debt , Asia and Pacific , Sub-Saharan Africa , Middle East , North Africa , Central Asia , Africa
Summary
This paper presents some sound practices for foreign-currency risk management in developing countries and outlines instruments for managing sovereign debt portfolio currency exposures. Adoption of a debt management strategy with well-defined targets for foreign exchange risk is a critical element of public debt risk management. To this end, public debt managers often need to face with complex strategic and operational matters related to public debt hedging practices, including the use of derivatives. In this context, we highlight the main institutional challenges in the management of foreign exchange risk in sovereign debt portfolios and discuss the overall implementation of a foreign exchange risk-management strategy.
