Government Expenditure Arrears : Securitization and Other Solutions

Securitization and Other Solutions

Government Expenditure Arrears : Securitization and Other Solutions
On occasions, by running arrears, governments have unilaterally borrowed from domestic agents. These agents ended up with implicit claims on the government for which they had no title and that would be honored, at best, on an unspecified future date and for an uncertain value. Having untitled assets limits creditors' financial management... READ MORE...

Publication date: May 1998
ISBN 9781451849127
$15.00

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