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Government Expenditure Arrears

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Source: Government Expenditure Arrears : Securitization and Other Solutions

Volume/Issue: 1998/70

Series: IMF Working Papers

Author(s): Alberto Ramos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1998

ISBN: 9781451849127

Keywords: Government arrears, BRO countries, Securitization, Russia, aggregate demand, capital market, capital markets, budget deficit, Kyrgyzstan, Moldova

On occasions, by running arrears, governments have unilaterally borrowed from domestic agents. These agents ended up with implicit claims on the government for which they had no title and that would be honored, at...

Government Expenditure Arrears
			: Securitization and Other Solutions

Government Expenditure Arrears : Securitization and Other Solutions »

Volume/Issue: 1998/70

Series: IMF Working Papers

Author(s): Alberto Ramos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1998

DOI: http://dx.doi.org/10.5089/9781451849127.001

ISBN: 9781451849127

Keywords: Government arrears, BRO countries, Securitization, Russia, aggregate demand, capital market, capital markets, budget deficit, Kyrgyzstan, Moldova

On occasions, by running arrears, governments have unilaterally borrowed from domestic agents. These agents ended up with implicit claims on the government for which they had no title and that would be honored, at...