Government Expenditure Arrears : Securitization and Other Solutions /
On occasions, by running arrears, governments have unilaterally borrowed from domestic agents. These agents ended up with implicit claims on the government for which they had no title and that would be honored, at best, on an unspecified future date and for an uncertain value. Having untitled assets...
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| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
1998.
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| Serier: | IMF Working Papers; Working Paper ;
No. 1998/070 |
| Online adgang: | Full text available on IMF |