Turkish treasury simulation model for debt strategy analysis

Emre Balibek and Hamdi Alper Memis

No 6091, Policy Research Working Paper Series from The World Bank

Abstract: Governments raise funds to meet their financing needs using a range of fixed income securities and loans with different maturities, interest rates, and exchange rate structures. Public debt managers need to consider various policy objectives when deciding on the structure of the public liability portfolio. This paper describes a simulation model developed at the Turkish Treasury to assist the decision-making process in debt strategy formulation. The model is used to analyze the medium and long-term consequences of alternative debt management strategies in terms of cost and risk characteristics, and provides key inputs to decision making.

Keywords: Debt Markets; Emerging Markets; Economic Theory&Research; External Debt; Banks&Banking Reform (search for similar items in EconPapers)
Date: 2012-06-01
New Economics Papers: this item is included in nep-ara and nep-cmp
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