aaus-list @ ukrainianstudies.org -- [aaus-list] Your IMF Update: Working Paper No. 08/159 (fwd)

[Max Pyziur <pyz@brama.com>]

On p. 31: Application: Ukraine and the lost savings problem, among other 
things.


fyi,

MP
pyz@brama.com

---------- Forwarded message ----------
Date: Wed, 2 Jul 2008 12:18:53 -0400
From: NewContent@InternationalMonetaryFund.org
To: pyz@brama.com
Subject: Your IMF Update: Working Paper No. 08/159

New item about your countries of interest:

Working Paper No. 08/159: Resolving a Large Contingent Fiscal Liability: Eastern Europe Experience

Author/Editor: Flanagan, Mark J

Summary: 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.
http://www.imf.org/external/pubs/cat/longres.cfm?sk=22062.0
[Matched: Ukraine]

DISCLAIMER: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.



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