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Resolving a Large Contingent Fiscal Liability: Eastern Europe Experience

Resolving a Large Contingent Fiscal Liability: Eastern Europe Experience by Mark J Flanagan
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On occasion, a government may find itself confronted with a need to address a large contingent or off balance sheet fiscal liability. Implementing a settlement raises issues of fiscal sustainability and macroeconomic stability. This paper surveys the key design issues, and draws lessons from recent Eastern European experience. It then considers in more detail the particular case of Ukraine, and how it might approach its own large contingent liability-the so-called lost savings-which at end-2007 amounted to as much as 18 percent of GDP.
International Monetary Fund; June 2008
40 pages; ISBN 9781452726885
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Title: Resolving a Large Contingent Fiscal Liability: Eastern Europe Experience
Author: Mark J Flanagan
 
ISBNs
1451914709
9781451870176
9781451914702
9781452726885