The Fiscal Costs of Contingent Liabilities : A New Dataset /

We construct the first comprehensive dataset of contingent liability realizations in advanced and emerging markets for the period 1990-2014. We find that contingent liability realizations are a major source of fiscal distress. The average fiscal cost of a contingent liability realization is 6 percen...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Bova, Elva
Weitere Verfasser: Ruiz-Arranz, Marta, Toscani, Frederik, Ture, H. Elif
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2016.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2016/014
Online Zugang:Full text available on IMF