000 04124nam a22004335i 4500
001 978-3-658-00918-2
003 DE-He213
005 20200420211738.0
007 cr nn 008mamaa
008 130125s2013 gw | s |||| 0|eng d
020 _a9783658009182
_9978-3-658-00918-2
024 7 _a10.1007/978-3-658-00918-2
_2doi
050 4 _aHG1-HG9999
072 7 _aKFF
_2bicssc
072 7 _aBUS027000
_2bisacsh
082 0 4 _a332
_223
100 1 _aHubig, Anja.
_eauthor.
245 1 0 _aIntroduction of a New Conceptual Framework for Government Debt Management
_h[electronic resource] :
_bWith a Special Emphasis on Modeling the Term Structure Dynamics /
_cby Anja Hubig.
264 1 _aWiesbaden :
_bSpringer Fachmedien Wiesbaden :
_bImprint: Springer Gabler,
_c2013.
300 _aXXIV, 213 p. 45 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aEmpirische Finanzmarktforschung/Empirical Finance
505 0 _aCore assumptions underlying the micro portfolio approach to public debt management -- A public finance framework for long-term sovereign funding decisions -- Recommendations for broader debt management objectives -- A new approach to model the shape and dynamics of the term structure of interest rates -- Stochastic modeling of the term structure dynamics -- Empirical validation of term structure simulations.
520 _aAgainst the background of the financial-cum-sovereign debt crisis, government debt managers are currently faced by a challenging environment. One key element in that respect is the analysis and forecast of interest rates, which is important for achieving the strategic objective of low borrowing costs. Anja Hubig develops a new mathematical method to estimate the term structure of interest rates that is adopted to describe the term structure dynamics within a stochastic setting. The introduced model is capable of capturing the complex behavior of the entire yield curve with a reduced set of parameters. It essentially ensures a comprehensive analysis of the costs and risks associated with individual funding strategies, and thus, effectively supports the selection of a long-term optimal debt portfolio composition.   Contents �         The Standard Micro Portfolio Approach to Sovereign Debt Management �         New Application of the Capital Budgeting Approach to Sovereign Debt Management �         Joint Modeling of Yield Curve Shape and Dynamics �         Empirical Validation of Stochastic Term Structure Simulations     Target Groups �         Researchers and students in the field of finance �         Practitioners in finance with a focus on fixed income portfolio and risk management, as well as experts in governmental institutions dealing with public debt management     About the Author Dr. Anja Hubig has prepared her dissertation under the supervision of Prof. Richard Stehle, Ph.D. at the Institute for Banking and Asset Markets, Humboldt University of Berlin in parallel to her prior work at Bundesrepublik Deutschland-Finanzagentur GmbH. Since July 2012, as a director, she is in charge of the Treasury Division at Osts�achsische Sparkasse Dresden.     About the Editors The series Empirische Finanzmarktforschung is edited by Prof. Dr. Jan Pieter Krahnen and Prof. Richard Stehle, Ph.D.
650 0 _aFinance.
650 1 4 _aFinance.
650 2 4 _aFinance, general.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783658009175
830 0 _aEmpirische Finanzmarktforschung/Empirical Finance
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-658-00918-2
912 _aZDB-2-SBE
942 _cEBK
999 _c50504
_d50504