Publication:
Contingent Liabilities : A Threat to Fiscal Stability

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dc.contributor.authorPolackova, Hana
dc.date.accessioned2012-08-13T15:17:44Z
dc.date.available2012-08-13T15:17:44Z
dc.date.issued1998-11
dc.description.abstractThe economic policy note discusses the issue of serious fiscal instability faced by many governments as a result of their contingent liabilities, which are associated with major hidden fiscal risks. Direct liabilities are predictable obligations that will arise in any event, and are the main subject of conventional fiscal analysis. Conversely, contingent liabilities are obligations triggered by a discreet but uncertain event, and are not always accounted for fully. The note further discusses explicit and implicit liabilities of a central government, suggesting ways to reduce fiscal risks for the policy makers.en
dc.identifierhttp://documents.worldbank.org/curated/en/1998/11/438760/contingent-liabilities-threat-fiscal-stability
dc.identifier.doi10.1596/11522
dc.identifier.urihttps://hdl.handle.net/10986/11522
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPREM Notes; No. 9
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAUTHORITY
dc.subjectBALANCE SHEETS
dc.subjectBANK BAILOUTS
dc.subjectBANK FAILURES
dc.subjectBUDGET EXPENDITURES
dc.subjectCENTRAL GOVERNMENTS
dc.subjectCONTINGENT LIABILITIES
dc.subjectCROP INSURANCE
dc.subjectDEPOSIT INSURANCE
dc.subjectDISCLOSURE
dc.subjectECONOMICS
dc.subjectEXCHANGE RATE
dc.subjectFINANCIAL RISKS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL
dc.subjectFISCAL POLICY
dc.subjectFISCAL PRESSURES
dc.subjectFISCAL SUSTAINABILITY
dc.subjectFISCAL TRANSPARENCY
dc.subjectFISCAL YEAR
dc.subjectFLOOD INSURANCE
dc.subjectFOREIGN EXCHANGE
dc.subjectGOVERNMENT POLICIES
dc.subjectGOVERNMENT PROGRAMS
dc.subjectHEALTH CARE
dc.subjectHEALTH CARE FINANCING
dc.subjectINFORMATION DISCLOSURE
dc.subjectINSURANCE
dc.subjectMARKET INSTITUTIONS
dc.subjectMINISTRY OF FINANCE
dc.subjectMORAL HAZARD
dc.subjectMORTGAGE LOANS
dc.subjectPENSIONS
dc.subjectPOLICY RESEARCH
dc.subjectPRESIDENCY
dc.subjectPRIVATE PENSION FUNDS
dc.subjectPRIVATE SECTOR
dc.subjectPUBLIC AGENCIES
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FINANCING
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC RESOURCES
dc.subjectRATING AGENCIES
dc.subjectRESERVE £ ADEQUACY
dc.subjectRISK ASSESSMENT
dc.subjectRISK FACTORS
dc.subjectRISK INSURANCE
dc.subjectRISK MANAGEMENT
dc.subjectRISK PREFERENCE
dc.subjectSOCIAL SECURITY
dc.subjectSTATE GUARANTEES
dc.subjectSUBNATIONAL GOVERNMENTS FISCAL PRESSURES
dc.subjectFISCAL MANAGEMENT
dc.subjectCONTINGENT LIABILITY
dc.subjectFISCAL SUSTAINABILITY
dc.subjectPOLICY REFORM
dc.subjectRISKS
dc.subjectECONOMIC POLICY
dc.titleContingent Liabilities : A Threat to Fiscal Stabilityen
dspace.entity.typePublication
okr.date.doiregistration2025-04-29T09:36:03.680244Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/1998/11/438760/contingent-liabilities-threat-fiscal-stability
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeHealth, Nutrition, and Population
okr.guid265541468339673344
okr.identifier.externaldocumentum090224b082eea1af_2_0
okr.identifier.internaldocumentum438760
okr.identifier.report18575
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2000/02/24/000094946_99031910534522/Rendered/PDF/multi_page.pdfen
okr.topicInsurance and Risk Mitigation
okr.topicHealth Economics and Finance
okr.topicGovernance::National Governance
okr.topicBanks and Banking Reform
okr.topicEnvironmental Economics and Policies
okr.topicFinance and Financial Sector Development
okr.topicHealth, Nutrition and Population
okr.topicEnvironment
okr.unitDevelopment Economics and Chief Economist
okr.volume1 of 1
relation.isAuthorOfPublication7b818df6-f582-5ff7-b976-ab547a7baa00
relation.isAuthorOfPublication.latestForDiscovery7b818df6-f582-5ff7-b976-ab547a7baa00
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