The Fiscal Costs of Contingent Liabilities : A New Dataset

A New Dataset

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 percent of GDP but costs can be as high as 40 percent... READ MORE...

Publication date: February 2016
ISBN 9781498303606
$18.00

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