Schick, AllenPolackova Brixi, HanaPolackova Brixi, HanaSchick, Allen2013-08-202013-08-2020020-8213-4835-3https://hdl.handle.net/10986/15233Conventional fiscal analysis fails to address contingent fiscal risk. The government budget process and documentation generally fail to scrutinize the substantial claims on public resources that are associated with government contingent liabilities, realized and potential. This report fills gaps on our understanding of fiscal risks and develops suitable frameworks for managing them. It offers new analytical concepts, presents country case studies, and based on country case studies, provides a menu of practical ideas for policymakers and scholars to bring fiscal risk within the ambit of public finance. The book is divided into two parts: Part I of this book gives an overview of different approaches to dealing with government fiscal risks. The country examples in this part offer additional conceptual approaches and illustrate some of the discussion in the earlier chapters. Part II presents analytical and institutional approaches that governments might consider when facing risks in specific government programs or sectors. The book indicates that countries differ greatly in their treatment of contingent liabilities and other fiscal risks. In this respect, the book illustrates that contemporary practices have yet to be standardized.en-USCC BY 3.0 IGOACCOUNTABILITYACCOUNTINGACCOUNTING PRACTICESACCOUNTING RULESACCOUNTING STANDARDSAGENTSASSET SALESASSURANCEAUTHORITYBALANCE SHEETSBANK RESTRUCTURINGBANKING SECTORBENEFICIARIESBORROWINGBUDGETBUDGET CONSTRAINTSBUDGET DEFICITBUDGET DEFICITSBUDGET EXPENDITURESBUDGET PROCESSBUDGET REVENUESBUDGETARY OUTLAYSCAPITAL FLOWSCENTRAL GOVERNMENTCITIZENSCONSTITUENCIESCONTINGENT LIABILITIESDEBT INSTRUMENTSDEBT MANAGEMENTDEBT RESTRUCTURINGDEFICITDEPOSITORSDEPOSITSDEVELOPED COUNTRIESDEVELOPMENT BANKSDIRECT FINANCINGDISCLOSUREECONOMIC CONDITIONSECONOMIC GROWTHEMERGING MARKET ECONOMIESEMPIRICAL ANALYSISEMPLOYMENTEXCHANGE RATEFEDERAL RESERVE SYSTEMFINANCIAL ACCOUNTABILITYFINANCIAL CRISISFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL INSTITUTIONSFINANCIAL MARKETSFINANCIAL SECTORFINANCIAL SUPPORTFINANCIAL SUSTAINABILITYFISCALFISCAL DEFICITFISCAL DEFICITSFISCAL DISCIPLINEFISCAL MANAGEMENTFISCAL PERFORMANCEFISCAL SUSTAINABILITYFLOOD INSURANCEFOREIGN DEBTFOREIGN INVESTORSGOVERNMENTGOVERNMENT AGENCYGOVERNMENT AGREEMENTGOVERNMENT BUDGETSGOVERNMENT DEBTGOVERNMENT GUARANTEESGOVERNMENT INSURANCEGOVERNMENT MANAGEMENTGOVERNMENT OFFICIALSGOVERNMENT PROGRAMSGOVERNMENT RESOURCESGROSS DOMESTIC PRODUCTHEALTH INSURANCEHOUSINGINFORMATION DISCLOSUREINSTITUTIONAL ARRANGEMENTINSURANCE FUNDSINTERNATIONAL FINANCIAL MARKETSLICENSESLOAN GUARANTEESMARKET DISCIPLINEMARKET PRICESMINISTRY OF FINANCEMONOPOLIESMORAL HAZARDNATIONAL GOVERNMENTSNET WORTHOPERATING LOSSESPENSIONSPOLITICAL ECONOMYPOLITICAL FEASIBILITYPOLITICAL RISKPOLITICAL SENSITIVITYPOLITICIANSPOWER PLANTSPRIVATE SECTORPRIVATIZATIONPUBLIC DEBTPUBLIC EMPLOYMENTPUBLIC EXPENDITUREPUBLIC FINANCEPUBLIC FINANCESPUBLIC FINANCINGPUBLIC GOODSPUBLIC RESOURCESPUBLIC SECTORRATING AGENCIESRISK ANALYSISRISK MANAGEMENTROADSSOCIAL SECURITYSOCIAL SECURITY PROGRAMSSTATE ENTERPRISESSTATE-OWNED ENTERPRISESSUBNATIONAL GOVERNMENTSUBNATIONAL GOVERNMENTSSUBSIDIARYTRANSPARENCYTREASURYUNEMPLOYMENTUNEMPLOYMENT BENEFITS CONTINGENT LIABILITYBUDGET PROCESSACCOUNTING STANDARDSFINANCIAL MANAGEMENTFISCAL SUSTAINABILITYCENTRAL BANKSSUBNATIONAL GOVERNMENTFINANCIAL CRISESPENSION INSURANCERISK MANAGEMENTWorld Bank10.1596/978-0-8213-4835-2