Hidden Debt

Hidden Debt
Author :
Publisher : World Bank Publications
Total Pages : 286
Release :
ISBN-10 : 9781464816680
ISBN-13 : 1464816689
Rating : 4/5 (80 Downloads)

Book Synopsis Hidden Debt by : Martin Melecky

Download or read book Hidden Debt written by Martin Melecky and published by World Bank Publications. This book was released on 2021-08-06 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 crisis, which has sent economies in South Asia and around the world into a deep recession, has highlighted South Asia’s rising debt levels and sizable hidden liabilities. State-owned enterprises, state-owned commercial banks, and public-private partnerships have been at the center of the rising debt wave and the latest pandemic response. Historically,South Asia has relied on these direct public interventions more than other regions. The interventions have helped governments tackle key development challenges and rapidly deliver relief measures during crises. However, because of their inefficiencies and weak governance, the interventions are also a significant source of public indebtedness and macrofinancial risks.Hidden Debt examines the trade-off between tackling development challenges through direct state presence in the market and avoiding unsustainable debt due to economic inefficiencies of such off–balance sheet operations, which greatly leverage public capital. The study recommends a reform agenda based on the four interrelated principles of purpose, incentives, transparency, and accountability (PITA). The reforms can mitigate the risks that off–balance sheet operations will become the source of the next financial crisis in South Asia.


Hidden Debt Related Books

Hidden Debt
Language: en
Pages: 286
Authors: Martin Melecky
Categories: Business & Economics
Type: BOOK - Published: 2021-08-06 - Publisher: World Bank Publications

DOWNLOAD EBOOK

The COVID-19 crisis, which has sent economies in South Asia and around the world into a deep recession, has highlighted South Asia’s rising debt levels and si
Environmental Debt
Language: en
Pages: 258
Authors: Amy Larkin
Categories: Business & Economics
Type: BOOK - Published: 2013-06-25 - Publisher: St. Martin's Press

DOWNLOAD EBOOK

An award-winning environmental activist and social entrepreneur exposes the link between our financial and environmental crises For decades, politicians and bus
Up to Our Eyeballs
Language: en
Pages: 248
Authors: José García
Categories: Business & Economics
Type: BOOK - Published: 2008 - Publisher:

DOWNLOAD EBOOK

In the increasingly volatile American economy, where close to 800 billion dollars is owed in credit card debt and where there has been a steady decline in work-
The Asian Financial Crisis 1995–98
Language: en
Pages: 267
Authors: Russell Napier
Categories: Business & Economics
Type: BOOK - Published: 2021-07-20 - Publisher: Harriman House Limited

DOWNLOAD EBOOK

In the space of a few months, across Asia, a miracle became a nightmare. This was the Asian Financial Crisis of 1995–98. In this economic crisis hundreds of p
Hidden Financial Risk
Language: en
Pages: 314
Authors: J. Edward Ketz
Categories: Business & Economics
Type: BOOK - Published: 2003-08-08 - Publisher: John Wiley & Sons

DOWNLOAD EBOOK

An insider's guide to understanding and eliminating accounting fraud How do these high-profile accounting scandals occur and what could have been done to preven