Financial and Monetary Systems
What are contingent liabilities, and how can countries manage them?
The authors look at fiscal liabilities, which cost countries 6% of their GDP on average.
Elva Bova is an economist at the IMF.
Elva Bova is an economist at the IMF.
The authors look at fiscal liabilities, which cost countries 6% of their GDP on average.
A recent paper documents over 200 episodes of hidden deficits covering 80 countries between 1990 and 2014.
