04326nam 2200697 450 991046361730332120170821160749.01-4623-0937-21-4527-2687-61-282-84196-31-4518-7103-19786612841965(CKB)3170000000055142(EBL)1608058(SSID)ssj0000943999(PQKBManifestationID)11544307(PQKBTitleCode)TC0000943999(PQKBWorkID)10982473(PQKB)10083407(OCoLC)460974893(MiAaPQ)EBC1608058(EXLCZ)99317000000005514220140226h20082008 uy 0engur|n|---|||||txtccrContingent liabilities issues and practice /Aliona Cebotari ; authorized for distribution by Paolo Mauro[Washington, District of Columbia] :International Monetary Fund,2008.©20081 online resource (62 p.)IMF Working PapersIMF working paper ;WP/08/245Description based upon print version of record.1-4519-1556-X Includes bibliographical references.Contents; I. Introduction; II. Background; III. Mitigating Risks Associated with Contingent Liabilities; A. Frameworks for Dealing with Risks from Contingent Liabilities; B. When to take on Contingent Liabilities?; Boxes; 1. Market Failure and Terrorism Insurance; 2. When Are Guarantees Preferable to Other Forms of Support?; C. Strategies to Transfer Risk or Costs Related to Contingent Liabilities; Figures; 1. Typical Infrastructure PPP Project Risks and Hypothetical Allocation; 3. Estimating the Expected Cost and Market Value of GuaranteesD. Other Safeguards against Risks Related to Contingent LiabilitiesIV. Managing Retained Risk from Contingent Liabilities; A. Instruments for Managing Low Impact Liabilities; B. Instruments for Managing High Impact Liabilities; Tables; 1. Contingency Funds to Meet Calls on Contingent Liabilities: Selected Examples; V. Disclosing Contingent Liabilities; 2. IPSAS: When to Recognize and Disclose Contingent Liabilities; 3. Accounting/Statistical Standards and Transparency Initiatives: What to Disclose; 4. Legislative Requirements to Disclose Fiscal Risks: Selected Country ExamplesVI. Institutional Arrangements for Managing Contingent Liability Risks5. Disclosing the Magnitude of Contingent Liabilities: Selected Country Examples; VII. Conclusion; 4. Institutional Arrangements for Managing PPP Risks; A1. Accounting Standards and Standard Setters; Annexes; I. Accounting/Statistical Standards and Contingent Liabilities; A1. Summary of the Main Requirements for Recognition and Disclosures of Contingent Liabilities; II. Measuring the Value of Contingent Liabilities; A1. The Swedish Debt Office Simulation Model; ReferencesContingent liabilities have gained prominence in the analysis of public finance. Indeed, history is full of episodes in which the financial position of the public sector is substantially altered-or its true nature uncovered-as a result of government bailouts of financial or nonfinancial entities, in both the private and the public sector. The paper discusses theoretical and practical issues raised by contingent liabilities, including the rationale for taking them on, how to safeguard against the fiscal risks associated with them, how to account and budget for them, and how to disclose them. CoIMF Working PapersContingent liabilities (Accounting)Liabilities (Accounting)Finance, PublicAccountingRisk managementElectronic books.Contingent liabilities (Accounting)Liabilities (Accounting)Finance, PublicAccounting.Risk management.336.343351Cebotari Aliona910634Mauro Paolo910635MiAaPQMiAaPQMiAaPQBOOK9910463617303321Contingent liabilities2038114UNINA