LEADER 06100oam 22011654 450 001 9910788343003321 005 20230721045614.0 010 $a1-4623-0937-2 010 $a1-4527-2687-6 010 $a1-282-84196-3 010 $a1-4518-7103-1 010 $a9786612841965 035 $a(CKB)3170000000055142 035 $a(EBL)1608058 035 $a(SSID)ssj0000943999 035 $a(PQKBManifestationID)11544307 035 $a(PQKBTitleCode)TC0000943999 035 $a(PQKBWorkID)10982473 035 $a(PQKB)10083407 035 $a(OCoLC)460974893 035 $a(MiAaPQ)EBC1608058 035 $a(IMF)WPIEE2008245 035 $a(EXLCZ)993170000000055142 100 $a20020129d2008 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aContingent Liabilities : $eIssues and Practice /$fAliona Cebotari 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2008. 215 $a1 online resource (62 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/245 300 $aDescription based upon print version of record. 311 $a1-4519-1556-X 320 $aIncludes bibliographical references. 327 $aContents; 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 Guarantees 327 $aD. 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 Examples 327 $aVI. 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; References 330 3 $aContingent liabilities have gained prominence in the analysis of public finance. Indeed, history is full of episodes in which the financial position of the public sector is substantially altered-or its true nature uncovered-as a result of government bailouts of financial or nonfinancial entities, in both the private and the public sector. The paper discusses theoretical and practical issues raised by contingent liabilities, including the rationale for taking them on, how to safeguard against the fiscal risks associated with them, how to account and budget for them, and how to disclose them. Country experiences are used to illustrate ways these issues are addressed in practice and challenges faced. The paper also points to good practices related to the mitigation, management and disclosure of risks from contingent liabilities. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2008/245 606 $aContingent liabilities (Accounting) 606 $aLiabilities (Accounting) 606 $aFinance, Public$xAccounting 606 $aRisk management 606 $aAccounting$2imf 606 $aBudgeting$2imf 606 $aInsurance$2imf 606 $aPublic Finance$2imf 606 $aPublic Administration$2imf 606 $aPublic Sector Accounting and Audits$2imf 606 $aNational Budget$2imf 606 $aBudget Systems$2imf 606 $aInsurance Companies$2imf 606 $aActuarial Studies$2imf 606 $aPublic finance & taxation$2imf 606 $aBudgeting & financial management$2imf 606 $aFinancial reporting, financial statements$2imf 606 $aInsurance & actuarial studies$2imf 606 $aContingent liabilities$2imf 606 $aBudget planning and preparation$2imf 606 $aFinancial statements$2imf 606 $aFiscal risks$2imf 606 $aFiscal policy$2imf 606 $aBudget$2imf 606 $aFinance, Public$2imf 607 $aUnited States$2imf 615 0$aContingent liabilities (Accounting) 615 0$aLiabilities (Accounting) 615 0$aFinance, Public$xAccounting. 615 0$aRisk management. 615 7$aAccounting 615 7$aBudgeting 615 7$aInsurance 615 7$aPublic Finance 615 7$aPublic Administration 615 7$aPublic Sector Accounting and Audits 615 7$aNational Budget 615 7$aBudget Systems 615 7$aInsurance Companies 615 7$aActuarial Studies 615 7$aPublic finance & taxation 615 7$aBudgeting & financial management 615 7$aFinancial reporting, financial statements 615 7$aInsurance & actuarial studies 615 7$aContingent liabilities 615 7$aBudget planning and preparation 615 7$aFinancial statements 615 7$aFiscal risks 615 7$aFiscal policy 615 7$aBudget 615 7$aFinance, Public 676 $a336.343351 700 $aCebotari$b Aliona$01493481 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788343003321 996 $aContingent Liabilities$93716481 997 $aUNINA