Series: IMF Working Papers
Author(s): Elva Bova , Marta Ruiz-Arranz , Frederik Toscani , and H. Elif Ture
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 February 2016
Keywords: Fiscal Crisis, General, All Countries,, Budget deficits, Public debt, Contingent liabilities
We construct the first comprehensive dataset of contingent liability realizations in advanced and emerging markets for the period 1990–2014. We find that contingent liability realizations are a major source of fisc...