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Government Contingent Liabilities and the Measurement of Fiscal Impact

International Monetary Fund - 1990

Conventional fiscal accounting methodologies do not appropriately account for governments’ noncash policies, such as their contingent liabilities. When these liabilities are called, budget costs can be large, as evidenced by the United States’ saving and loan crisis. In general, deficit...

Persistent link: https://www.econbiz.de/10014396193

Legal protection : liability and immunity arrangements of central banks and financial supervisors

Khan, Ashraf - 2018

financial supervisors (if the supervisor is part of the central bank), focusing on liability, immunity, and indemnification …

Persistent link: https://www.econbiz.de/10011905876

How should shale gas extraction be taxed?

Daniel, Philip; Krupnick, Alan J.; Matheson, Thornton; … - 2017

This paper suggests that the environmental and commercial features of shale gas extraction do not warrant a significantly different fiscal regime than recommended for conventional gas. Fiscal policies may have a role in addressing some environmental risks (e.g., greenhouse gases, scarce water,...

Persistent link: https://www.econbiz.de/10011763654

Managing fiscal risks from state-owned enterprises

Baum, Anja; Medas, Paulo; Soler, Alberto; Sy, Mouhamadou - 2020

Ensuring that state-owned enterprises (SOEs) are efficient and managed prudently is important for economic and social reasons. It is also crucial to contain fiscal risks and reduce the burden on taxpayers from recurrent and large bailouts. Governments need to develop stronger capacity to monitor...

Persistent link: https://www.econbiz.de/10012392051

Central Banks Use of Derivatives and Other Contingent Liabilities : Analytical Issues and Policy Implications

Schumacher, Liliana - 2000

Whereas some central bank derivatives and other contingent liabilities arise from anomalous circumstances, there are a number of positive reasons that explain their popularity. After analyzing the rationale for these operations, we stress that most of these operations, being off-balance sheet,...

Persistent link: https://www.econbiz.de/10014399873

Private-Sector Financial Liabilities in Advanced Economies : Is More Better?

Tang, Man-Keung - 2007

Advanced economies have been experiencing diverse developments in accumulation of financial liabilities by their household and corporate sectors since around 1995. Crosscountry- industry evidence indicates that the type of the financial system and the degree of labor market flexibility matter...

Persistent link: https://www.econbiz.de/10014400572

With Great Power Comes Great Responsibility : Macroprudential Tools at Work in Canada

Krznar, Ivo - 2014

associated with lower mortgage credit growth and house price growth. The international experience suggests that—in addition to …

Persistent link: https://www.econbiz.de/10014411224

Global Housing Cycles

Igan, Deniz - 2012

Housing cycles and their impact on the financial system and the macroeconomy have become the center of attention following the global financial crisis. This paper documents the characteristics of housing cycles in a large set of countries, and examines the determinants of house price movements....

Persistent link: https://www.econbiz.de/10014395703

Banks' Liability Structure and Mortgage Lending During the Financial Crisis

Dagher, Jihad C. - 2012

during the financial crisis in the United States. We focus on mortgage lending to minimize the impact of confounding demand … disaggregated data on mortgage applications that we use allows us to study the time variations in banks’ decisions to grant mortgage … credit significantly more than retail-funded banks during the crisis. The demand for mortgage credit, on the other hand …

Persistent link: https://www.econbiz.de/10014396394

Mortgage Defaults

Martinez, Leonardo - 2012

life-cycle profile of home ownership, and the mortgage default rate. The average coefficients that measure the agents …

Persistent link: https://www.econbiz.de/10014396941