Commonwealth Secretariat Discussion Paper

Risk Management of Contingent Liabilities and Public Debt: A New Approach for Commonwealth Member Countries

DOI:https://dx.doi.org/10.14217/5jlpggdmvw9w-en

The subject matter of sovereign contingent liability (CL) risk management has been receiving increasing attention, since it is widely acknowledged that it poses potential hidden fiscal risks. These risks arise as a result of the uncertainty of: (i) whether the CL risk event(s) will materialise;...



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