The fiscal costs of contingent liabilities: a new data set by Elva Bova, Marta Ruiz-Arranz, Frederik Toscani and H. Elif Ture published by IMF (1/2016). “We construct the first comprehensive dataset of contingent liability realizations in advanced and emerging…

Budgetary surprises: Fiscal costs of contingent liabilities by Elva Bova, Marta Ruiz Arranz, Frederik Toscani and Elif Ture published by VOXEU (3/2016). “A contingent fiscal liability is a potential obligation for the government that depends on a possible future…