Government at Risk : Contingent Liabilities and Fiscal Risk
Conventional 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...
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| Format: | Publication |
| Language: | English en_US |
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Washington, DC: World Bank and Oxford University Press
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2002/04/2017569/government-risk-contingent-liabilities-fiscal-risk http://hdl.handle.net/10986/15233 |
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okr-10986-15233 |
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| recordtype |
oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING RULES ACCOUNTING STANDARDS AGENTS ASSET SALES ASSURANCE AUTHORITY BALANCE SHEETS BANK RESTRUCTURING BANKING SECTOR BENEFICIARIES BORROWING BUDGET BUDGET CONSTRAINTS BUDGET DEFICIT BUDGET DEFICITS BUDGET EXPENDITURES BUDGET PROCESS BUDGET REVENUES BUDGETARY OUTLAYS CAPITAL FLOWS CENTRAL GOVERNMENT CITIZENS CONSTITUENCIES CONTINGENT LIABILITIES DEBT INSTRUMENTS DEBT MANAGEMENT DEBT RESTRUCTURING DEFICIT DEPOSITORS DEPOSITS DEVELOPED COUNTRIES DEVELOPMENT BANKS DIRECT FINANCING DISCLOSURE ECONOMIC CONDITIONS ECONOMIC GROWTH EMERGING MARKET ECONOMIES EMPIRICAL ANALYSIS EMPLOYMENT EXCHANGE RATE FEDERAL RESERVE SYSTEM FINANCIAL ACCOUNTABILITY FINANCIAL CRISIS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FISCAL FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL PERFORMANCE FISCAL SUSTAINABILITY FLOOD INSURANCE FOREIGN DEBT FOREIGN INVESTORS GOVERNMENT GOVERNMENT AGENCY GOVERNMENT AGREEMENT GOVERNMENT BUDGETS GOVERNMENT DEBT GOVERNMENT GUARANTEES GOVERNMENT INSURANCE GOVERNMENT MANAGEMENT GOVERNMENT OFFICIALS GOVERNMENT PROGRAMS GOVERNMENT RESOURCES GROSS DOMESTIC PRODUCT HEALTH INSURANCE HOUSING INFORMATION DISCLOSURE INSTITUTIONAL ARRANGEMENT INSURANCE FUNDS INTERNATIONAL FINANCIAL MARKETS LICENSES LOAN GUARANTEES MARKET DISCIPLINE MARKET PRICES MINISTRY OF FINANCE MONOPOLIES MORAL HAZARD NATIONAL GOVERNMENTS NET WORTH OPERATING LOSSES PENSIONS POLITICAL ECONOMY POLITICAL FEASIBILITY POLITICAL RISK POLITICAL SENSITIVITY POLITICIANS POWER PLANTS PRIVATE SECTOR PRIVATIZATION PUBLIC DEBT PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCES PUBLIC FINANCING PUBLIC GOODS PUBLIC RESOURCES PUBLIC SECTOR RATING AGENCIES RISK ANALYSIS RISK MANAGEMENT ROADS SOCIAL SECURITY SOCIAL SECURITY PROGRAMS STATE ENTERPRISES STATE-OWNED ENTERPRISES SUBNATIONAL GOVERNMENT SUBNATIONAL GOVERNMENTS SUBSIDIARY TRANSPARENCY TREASURY UNEMPLOYMENT UNEMPLOYMENT BENEFITS CONTINGENT LIABILITY BUDGET PROCESS ACCOUNTING STANDARDS FINANCIAL MANAGEMENT FISCAL SUSTAINABILITY CENTRAL BANKS SUBNATIONAL GOVERNMENT FINANCIAL CRISES PENSION INSURANCE RISK MANAGEMENT |
| spellingShingle |
ACCOUNTABILITY ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING RULES ACCOUNTING STANDARDS AGENTS ASSET SALES ASSURANCE AUTHORITY BALANCE SHEETS BANK RESTRUCTURING BANKING SECTOR BENEFICIARIES BORROWING BUDGET BUDGET CONSTRAINTS BUDGET DEFICIT BUDGET DEFICITS BUDGET EXPENDITURES BUDGET PROCESS BUDGET REVENUES BUDGETARY OUTLAYS CAPITAL FLOWS CENTRAL GOVERNMENT CITIZENS CONSTITUENCIES CONTINGENT LIABILITIES DEBT INSTRUMENTS DEBT MANAGEMENT DEBT RESTRUCTURING DEFICIT DEPOSITORS DEPOSITS DEVELOPED COUNTRIES DEVELOPMENT BANKS DIRECT FINANCING DISCLOSURE ECONOMIC CONDITIONS ECONOMIC GROWTH EMERGING MARKET ECONOMIES EMPIRICAL ANALYSIS EMPLOYMENT EXCHANGE RATE FEDERAL RESERVE SYSTEM FINANCIAL ACCOUNTABILITY FINANCIAL CRISIS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FISCAL FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL PERFORMANCE FISCAL SUSTAINABILITY FLOOD INSURANCE FOREIGN DEBT FOREIGN INVESTORS GOVERNMENT GOVERNMENT AGENCY GOVERNMENT AGREEMENT GOVERNMENT BUDGETS GOVERNMENT DEBT GOVERNMENT GUARANTEES GOVERNMENT INSURANCE GOVERNMENT MANAGEMENT GOVERNMENT OFFICIALS GOVERNMENT PROGRAMS GOVERNMENT RESOURCES GROSS DOMESTIC PRODUCT HEALTH INSURANCE HOUSING INFORMATION DISCLOSURE INSTITUTIONAL ARRANGEMENT INSURANCE FUNDS INTERNATIONAL FINANCIAL MARKETS LICENSES LOAN GUARANTEES MARKET DISCIPLINE MARKET PRICES MINISTRY OF FINANCE MONOPOLIES MORAL HAZARD NATIONAL GOVERNMENTS NET WORTH OPERATING LOSSES PENSIONS POLITICAL ECONOMY POLITICAL FEASIBILITY POLITICAL RISK POLITICAL SENSITIVITY POLITICIANS POWER PLANTS PRIVATE SECTOR PRIVATIZATION PUBLIC DEBT PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCES PUBLIC FINANCING PUBLIC GOODS PUBLIC RESOURCES PUBLIC SECTOR RATING AGENCIES RISK ANALYSIS RISK MANAGEMENT ROADS SOCIAL SECURITY SOCIAL SECURITY PROGRAMS STATE ENTERPRISES STATE-OWNED ENTERPRISES SUBNATIONAL GOVERNMENT SUBNATIONAL GOVERNMENTS SUBSIDIARY TRANSPARENCY TREASURY UNEMPLOYMENT UNEMPLOYMENT BENEFITS CONTINGENT LIABILITY BUDGET PROCESS ACCOUNTING STANDARDS FINANCIAL MANAGEMENT FISCAL SUSTAINABILITY CENTRAL BANKS SUBNATIONAL GOVERNMENT FINANCIAL CRISES PENSION INSURANCE RISK MANAGEMENT Polackova Brixi, Hana Schick, Allen Government at Risk : Contingent Liabilities and Fiscal Risk |
| geographic_facet |
East Asia and Pacific Europe and Central Asia Latin America & Caribbean |
| description |
Conventional 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. |
| author2 |
Polackova Brixi, Hana |
| author_facet |
Polackova Brixi, Hana Polackova Brixi, Hana Schick, Allen |
| format |
Publications & Research :: Publication |
| author |
Polackova Brixi, Hana Schick, Allen |
| author_sort |
Polackova Brixi, Hana |
| title |
Government at Risk : Contingent Liabilities and Fiscal Risk |
| title_short |
Government at Risk : Contingent Liabilities and Fiscal Risk |
| title_full |
Government at Risk : Contingent Liabilities and Fiscal Risk |
| title_fullStr |
Government at Risk : Contingent Liabilities and Fiscal Risk |
| title_full_unstemmed |
Government at Risk : Contingent Liabilities and Fiscal Risk |
| title_sort |
government at risk : contingent liabilities and fiscal risk |
| publisher |
Washington, DC: World Bank and Oxford University Press |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2002/04/2017569/government-risk-contingent-liabilities-fiscal-risk http://hdl.handle.net/10986/15233 |
| _version_ |
1764425328555458560 |
| spelling |
okr-10986-152332021-04-23T14:03:11Z Government at Risk : Contingent Liabilities and Fiscal Risk Polackova Brixi, Hana Schick, Allen Polackova Brixi, Hana Schick, Allen ACCOUNTABILITY ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING RULES ACCOUNTING STANDARDS AGENTS ASSET SALES ASSURANCE AUTHORITY BALANCE SHEETS BANK RESTRUCTURING BANKING SECTOR BENEFICIARIES BORROWING BUDGET BUDGET CONSTRAINTS BUDGET DEFICIT BUDGET DEFICITS BUDGET EXPENDITURES BUDGET PROCESS BUDGET REVENUES BUDGETARY OUTLAYS CAPITAL FLOWS CENTRAL GOVERNMENT CITIZENS CONSTITUENCIES CONTINGENT LIABILITIES DEBT INSTRUMENTS DEBT MANAGEMENT DEBT RESTRUCTURING DEFICIT DEPOSITORS DEPOSITS DEVELOPED COUNTRIES DEVELOPMENT BANKS DIRECT FINANCING DISCLOSURE ECONOMIC CONDITIONS ECONOMIC GROWTH EMERGING MARKET ECONOMIES EMPIRICAL ANALYSIS EMPLOYMENT EXCHANGE RATE FEDERAL RESERVE SYSTEM FINANCIAL ACCOUNTABILITY FINANCIAL CRISIS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FISCAL FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL PERFORMANCE FISCAL SUSTAINABILITY FLOOD INSURANCE FOREIGN DEBT FOREIGN INVESTORS GOVERNMENT GOVERNMENT AGENCY GOVERNMENT AGREEMENT GOVERNMENT BUDGETS GOVERNMENT DEBT GOVERNMENT GUARANTEES GOVERNMENT INSURANCE GOVERNMENT MANAGEMENT GOVERNMENT OFFICIALS GOVERNMENT PROGRAMS GOVERNMENT RESOURCES GROSS DOMESTIC PRODUCT HEALTH INSURANCE HOUSING INFORMATION DISCLOSURE INSTITUTIONAL ARRANGEMENT INSURANCE FUNDS INTERNATIONAL FINANCIAL MARKETS LICENSES LOAN GUARANTEES MARKET DISCIPLINE MARKET PRICES MINISTRY OF FINANCE MONOPOLIES MORAL HAZARD NATIONAL GOVERNMENTS NET WORTH OPERATING LOSSES PENSIONS POLITICAL ECONOMY POLITICAL FEASIBILITY POLITICAL RISK POLITICAL SENSITIVITY POLITICIANS POWER PLANTS PRIVATE SECTOR PRIVATIZATION PUBLIC DEBT PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCES PUBLIC FINANCING PUBLIC GOODS PUBLIC RESOURCES PUBLIC SECTOR RATING AGENCIES RISK ANALYSIS RISK MANAGEMENT ROADS SOCIAL SECURITY SOCIAL SECURITY PROGRAMS STATE ENTERPRISES STATE-OWNED ENTERPRISES SUBNATIONAL GOVERNMENT SUBNATIONAL GOVERNMENTS SUBSIDIARY TRANSPARENCY TREASURY UNEMPLOYMENT UNEMPLOYMENT BENEFITS CONTINGENT LIABILITY BUDGET PROCESS ACCOUNTING STANDARDS FINANCIAL MANAGEMENT FISCAL SUSTAINABILITY CENTRAL BANKS SUBNATIONAL GOVERNMENT FINANCIAL CRISES PENSION INSURANCE RISK MANAGEMENT Conventional 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. 2013-08-20T19:58:40Z 2013-08-20T19:58:40Z 2002 http://documents.worldbank.org/curated/en/2002/04/2017569/government-risk-contingent-liabilities-fiscal-risk 0-8213-4835-3 http://hdl.handle.net/10986/15233 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank and Oxford University Press Publications & Research :: Publication Publications & Research :: Publication East Asia and Pacific Europe and Central Asia Latin America & Caribbean |