Governments need to manage their contingent liabilities and other off-budget sources of fiscal risk - through policy, the budgetary process, and an integrated asset and liability management strategy. - To understand the fiscal position of a country, contingent liabilities and other sources of...

To understand the fiscal position of a country, contingent liabilities and other sources of fiscal risk need to be considered. The authors develop a framework to assess and manage fiscal risk in Bulgaria. Bulgaria's Currency Board Arrangement has effectively imposed fiscal discipline, but leaves...

Governments need to manage their contingent liabilities and other off-budget sources of fiscal risk - through policy, the budgetary process, and an integrated asset and liability management strategy. To understand the fiscal position of a country, contingent liabilities and other sources of...

This paper was completed before the events of August 1991. But the analysis of recent modes of privatization in the Soviet Union is still important for understanding the evolving situation. The"present"All-Union regime, was the first regime to implement wide-scale privatization. The process may...

To understand the fiscal position of a country, contingent liabilities and other sources of fiscal risk need to be considered. The authors develop a framework to assess and manage fiscal risk in Bulgaria. Bulgaria's Currency Board Arrangement has effectively imposed fiscal discipline, but leaves...