Fiscal-financial vulnerabilities

  • The paper analyses the linkages from financial developments to public finances. It maps and discusses the transmission channels to fiscal variables. These channels include asset prices, financing conditions, balance sheets of banks, non-banks and central banks and international linkages. The study argues that the fiscal effects via each and all these channels can be very serious in magnitude and can put the sustainability of public finances at risk. However, there is an only limited in-depth analysis of these channels and risks.

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Metadaten
Author:Ludger Schuknecht
URN:urn:nbn:de:hebis:30:3-509241
URL:https://safe-frankfurt.de/de/policy-center/publikationen/detailsview/publicationname/fiscal-financial-vulnerabilities.html
Parent Title (English):SAFE white paper ; No. 62
Series (Serial Number):SAFE white paper series (62)
Publisher:SAFE
Place of publication:Frankfurt am Main
Document Type:Working Paper
Language:English
Year of Completion:2019
Year of first Publication:2019
Publishing Institution:Universit├Ątsbibliothek Johann Christian Senckenberg
Release Date:2019/08/20
Tag:fiscal financial vulnerabilities; fiscal variables; public finance
Page Number:31
HeBIS-PPN:452905451
Institutes:Wirtschaftswissenschaften / Wirtschaftswissenschaften
Wissenschaftliche Zentren und koordinierte Programme / House of Finance (HoF)
Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS)
Wissenschaftliche Zentren und koordinierte Programme / Sustainable Architecture for Finance in Europe (SAFE)
Dewey Decimal Classification:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft
Sammlungen:Universit├Ątspublikationen
Licence (German):License LogoDeutsches Urheberrecht