Benchmark - Brazilian Case

A BENCHMARK FOR PUBLIC DEBT: 1THE BRAZILIAN CASE NATIONAL TREASURY OF BRAZIL PUBLIC DEBT STRATEGIC PLANNING DEPARTMENT Technical staff: 2Rodrigo Silveira Veiga Cabral 3Mariana de Lourdes Moreira Lopes 4William Baghdassarian 5Luiz Fernando Alves 6Pedro Ivo Ferreira de Souza Junior 7Antonio Tiago Loureiro A. dos Santos Draft Version Brasília - DF, Brazil October 2008 1 We are thankful to Otavio Ladeira de Medeiros, Anderson Caputo Silva and all the staff from the Public Debt Secretariat for his contributions and acknowledge the technical support of all staff from the Public Debt Strategic Planning Department, especially from Lena Oliveira de Carvalho and Braulio Santiago Cerqueira. The process and tools described are result of the work and intellectual contribution of a broad group of Treasury analysts. 2 Doctor in economics by Universidade de Brasíia. Subdirector of the Brazilian Public Debt Strategic Planning Department. 3 Doctoring in economics at Universidade de Brasília. Brazilian National Treasury Analyst. 4 Doctoring in finance at University of Reading . Brazilian National Treasury Analyst. 5 Master in economics by Universidade Federal de Minas Gerais. Head of the Risk Management Unit of the Brazilian Public Debt Department. 6 Executive MBA at Fundação Getúlio Vargas. Brazilian National Treasury Analyst. 7 Master in economics at Universidade de São ...