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Resolving a Large Contingent Fiscal Liability: Eastern Europe Experience
by
Mark J Flanagan
in
Balance Of Payments Deficits
/ Budget Deficits
/ Contingent Liability
/ Debt Management
/ Debts, Public
/ Eastern Europe
/ Europe, Eastern
/ Fiscal policy
/ Fiscal Stability
/ Fiscal Sustainability
/ Macroeconomic Stabilization
/ Ukraine
2008
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Resolving a Large Contingent Fiscal Liability: Eastern Europe Experience
by
Mark J Flanagan
in
Balance Of Payments Deficits
/ Budget Deficits
/ Contingent Liability
/ Debt Management
/ Debts, Public
/ Eastern Europe
/ Europe, Eastern
/ Fiscal policy
/ Fiscal Stability
/ Fiscal Sustainability
/ Macroeconomic Stabilization
/ Ukraine
2008
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Do you wish to request the book?
Resolving a Large Contingent Fiscal Liability: Eastern Europe Experience
by
Mark J Flanagan
in
Balance Of Payments Deficits
/ Budget Deficits
/ Contingent Liability
/ Debt Management
/ Debts, Public
/ Eastern Europe
/ Europe, Eastern
/ Fiscal policy
/ Fiscal Stability
/ Fiscal Sustainability
/ Macroeconomic Stabilization
/ Ukraine
2008
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Resolving a Large Contingent Fiscal Liability: Eastern Europe Experience
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Resolving a Large Contingent Fiscal Liability: Eastern Europe Experience
2008
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Overview
On occasion, a government may find itself confronted with a need to address a large contingent or off balance sheet fiscal liability. Implementing a settlement raises issues of fiscal sustainability and macroeconomic stability. This paper surveys the key design issues, and draws lessons from recent Eastern European experience. It then considers in more detail the particular case of Ukraine, and how it might approach its own large contingent liability-the so-called lost savings-which at end-2007 amounted to as much as 18 percent of GDP.
Publisher
International Monetary Fund
Subject
ISBN
9781452726885, 9781451914702, 1451870175, 1452726884, 9781451870176, 1451914709
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