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...

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Bibliografiska uppgifter
Huvudupphovsman: Bova, Elva
Övriga upphovsmän: Ruiz-Arranz, Marta, Toscani, Frederik, Ture, H. Elif
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2016.
Serie:IMF Working Papers; Working Paper ; No. 2016/014
Länkar:Full text available on IMF