Finance & Investment / Insurance & Pensions
2006,
vol. 2005,
no. 14,
pp. 137 - 150
Advances in Risk Management of Government Debt: Risk Management of Government Debt in Austria
Abstract The principal objective of public debt management is the minimisation of costs subject to a given level of risk. Costs are measured overall as the total costs (interest payments plus/minus the change in Net Present Value - NPV), whereas the contributing interest payments are also reported and evaluated separately in the risk management framework.
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