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...

Descripción completa

Detalles Bibliográficos
Autor principal: Bova, Elva
Otros Autores: Ruiz-Arranz, Marta, Toscani, Frederik, Ture, H. Elif
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2016.
Colección:IMF Working Papers; Working Paper ; No. 2016/014
Acceso en línea:Full text available on IMF