It takes the average reader and 56 minutes to read The Fiscal Costs of Contingent Liabilities by Ms.Elva Bova
Assuming a reading speed of 250 words per minute. Learn more
We construct the first comprehensive dataset of contingent liability realizations in advanced and emerging markets for the period 1990–2014. We find that contingent liability realizations are a major source of fiscal distress. The average fiscal cost of a contingent liability realization is 6 percent of GDP but costs can be as high as 40 percent for major financial sector bailouts. Contingent liability realizations are correlated among each other and tend to occur during periods of growth reversals and crises, accentuating pressure on the budget during already difficult times. Countries with stronger institutions are able to better control and address the underlying risks so that they are less exposed to contingent liability realizations.
The Fiscal Costs of Contingent Liabilities by Ms.Elva Bova is 55 pages long, and a total of 14,025 words.
This makes it 19% the length of the average book. It also has 17% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 16 minutes to read The Fiscal Costs of Contingent Liabilities aloud.
The Fiscal Costs of Contingent Liabilities is suitable for students ages 8 and up.
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