Competitiveness in Central-Europe: What Has Happened Since EU Accession? PDF (Adobe DRM) download by Celine Allard

Competitiveness in Central-Europe: What Has Happened Since EU Accession?

INTERNATIONAL MONETARY FUND
Publication date: May 2004
ISBN: 9781451872682
Digital Book format: PDF (Adobe DRM)

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On occasion, a government may find itself confronted with a need to address a large contingent or off balance sheet fiscal liability. Implementing a settlement raises issues of fiscal sustainability and macroeconomic stability. This paper surveys the key design issues, and draws lessons from recent Eastern European experience. It then considers in more detail the particular case of Ukraine, and how it might approach its own large contingent liability-the so-called lost savings-which at end-2007 amounted to as much as 18 percent of GDP.
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