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Financial Analysis

Financial analysis offers analytical tools to sovereign debt management as it can be applied to the study of trends and drivers of government securities, features both at issuance and in the secondary markets in which these instruments are negotiated. Government yield curves and spreads are the privileged dimensions of the financial analysis because they are under the influence of several variables, such as liquidity conditions, institutional factors, economic prospects and policies, and, ultimately, the credibility of the sovereign issuer. Understanding these interrelations helps achieve the targeted strategy in sovereign debt management. Financial analysis employs various metrics to gauge debt cost, liquidity, maturity, and risk.

Complete List of Documents in this Section

Zhuolu Gao, Mikkel V Hauerberg, David Lando, Aleksander Tetzlaff
António Afonso, José Alves, Sofia Monteiro
Luc Eyraud, William Gbohoui, Paolo Mauro - IMF