01638cas a2200253 a 4500 AALejournalIMF000515 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451979619 1018-5941 BD-DhAAL BD-DhAAL Cassard, Marcel. Risk Management of Sovereign Assets and Liabilities / Marcel Cassard, D. Folkerts-Landau. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (53 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In an environment of sizable and volatile capital flows and integrated international capital markets, large and unhedged net external sovereign liabilities expose countries to swings in international asset prices and to potential speculative currency attacks. The paper argues that an essential step in reducing emerging market vulnerability to such external shocks is to reform the institutional arrangements governing asset and liability management policies, so as to promote a transparent, publicly accountable, and professional incentive structure. Mode of access: Internet Folkerts-Landau, D. IMF Working Papers; Working Paper ; No. 1997/166 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/166/001.1997.issue-166-en.xml IMF e-Library