01826cas a2200277 a 4500 AALejournalIMF009745 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451869026 1018-5941 BD-DhAAL BD-DhAAL Gray, Dale. A Risk-Based Debt Sustainability Framework : Incorporating Balance Sheets and Uncertainty / Dale Gray, Elena Loukoianova, Samuel Malone, Cheng Lim. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (25 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 This paper proposes a new framework for the analysis of public sector debt sustainability. The framework uses concepts and methods from modern practice of contingent claims to develop a quantitative risk-based model of sovereign credit risk. The motivation in developing this framework is to provide a clear and workable complement to traditional debt sustainability analysis which-although it has many useful applications-suffers from the inability to measure risk exposures, default probabilities and credit spreads. Importantly, this new framework can be adapted for policy analysis, including debt and reserve management. Mode of access: Internet Lim, Cheng. Loukoianova, Elena. Malone, Samuel. IMF Working Papers; Working Paper ; No. 2008/040 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/040/001.2008.issue-040-en.xml IMF e-Library