The Fiscal Costs of Contingent Liabilities is popular PDF and ePub book, written by Ms.Elva Bova in 2016-02-08, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Fiscal Costs of Contingent Liabilities can be Read Online from any device for your convenience.
The Fiscal Costs of Contingent Liabilities Book PDF Summary
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 percent of GDP but costs can be as high as 40 percent for major financial sector bailouts. Contingent liability realizations are correlated among each other and tend to occur during periods of growth reversals and crises, accentuating pressure on the budget during already difficult times. Countries with stronger institutions are able to better control and address the underlying risks so that they are less exposed to contingent liability realizations.
Detail Book of The Fiscal Costs of Contingent Liabilities PDF
- Author : Ms.Elva Bova
- Release : 08 February 2016
- Publisher : International Monetary Fund
- ISBN : 9781498303606
- Genre : Business & Economics
- Total Page : 55 pages
- Language : English
- PDF File Size : 14,7 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book The Fiscal Costs of Contingent Liabilities by Ms.Elva Bova, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.