Fiscal Risks: Sources, Disclosure, and Management
Business & Finance, Economics, International Economics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
| Author: | Lusine Lusinyan, Aliona Cebotari, Ricardo Velloso, Jeffrey Mr. Davis, Amine Mati, Murray Petrie, Paolo Mr. Mauro | ISBN: | 9781451992595 |
| Publisher: | INTERNATIONAL MONETARY FUND | Publication: | January 29, 2009 |
| Imprint: | INTERNATIONAL MONETARY FUND | Language: | English |
| Author: | Lusine Lusinyan, Aliona Cebotari, Ricardo Velloso, Jeffrey Mr. Davis, Amine Mati, Murray Petrie, Paolo Mr. Mauro |
| ISBN: | 9781451992595 |
| Publisher: | INTERNATIONAL MONETARY FUND |
| Publication: | January 29, 2009 |
| Imprint: | INTERNATIONAL MONETARY FUND |
| Language: | English |
This paper analyzes the main sources of fiscal risks, including from unexpected changes in macroeconomic variables and banking crises, which can have major consequences for countries' fiscal and public debt sustainability. It builds on an overview of existing practices in a wide range of countries to provide practical suggestions on how to promote disclosure of such risks and on risk mitigation and management. The paper was written in response to requests from IMF member countries for advice on this subject. The paper also includes an example of a possible statement of fiscal risks.
This paper analyzes the main sources of fiscal risks, including from unexpected changes in macroeconomic variables and banking crises, which can have major consequences for countries' fiscal and public debt sustainability. It builds on an overview of existing practices in a wide range of countries to provide practical suggestions on how to promote disclosure of such risks and on risk mitigation and management. The paper was written in response to requests from IMF member countries for advice on this subject. The paper also includes an example of a possible statement of fiscal risks.
