Government at Risk: Contingent Liabilities and Fiscal Risk
World Bank, 2002 - Business & Economics - 471 pages
Many governments have faced serious instability as a result of their contingent liabilities. But conventional public finance analysis and institutions fail to address such fiscal risks. This book aims to provide motivation and practical guidance to governments seeking to improve theirmanagement of fiscal risks. The book addresses some of the difficult analytical and institutional challenges that face reformers tooling up to manage government fiscal risks. It discusses the inadequacies of conventional practices as well as recent advances in dealing with fiscal risk.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Learning to Deal with
Accounting and Financial Accountability to Capture Risk
Budgeting for Fiscal Risk
13 other sections not shown
Other editions - View all
accounting amount analysis approach arrears assess assets balance sheet billion bonds borrowing budget Bulgaria cash flows central bank central government chapter Colombia contingent liabilities contracts countries crisis Czech Republic DDSR agreement default deposit insurance domestic economic entities ernment estimates example expected expenditures explicit face value factors financial institutions financial sector fiscal adjustment fiscal cost fiscal policy fiscal risks fiscal sustainability foreign framework future government debt government guarantees government's hedge implicit incentives increase infrastructure interest rate International Monetary Fund investment issued loans losses macroeconomic market value measures ment Ministry of Finance monitoring moral hazard obligations off-budget options payments pension fund pension guarantee percent of GDP Polackova portfolio present value private sector programs projects public sector put option reduce reforms reporting require reserves restructuring revenue risk exposure risk management Risk Matrix sources subnational subsidy tion U.S. dollars Washington World Bank