TY  - UNPD
A1  - Schuknecht, Ludger
T1  - Fiscal-financial vulnerabilities
T2  - SAFE white paper ; No. 62
N2  - 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.
T3  - SAFE white paper series - 62 
KW  - fiscal financial vulnerabilities
KW  - fiscal variables
KW  - public finance
Y1  - 2019
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/50924
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-509241
UR  - https://safe-frankfurt.de/de/policy-center/publikationen/detailsview/publicationname/fiscal-financial-vulnerabilities.html
PB  - SAFE
CY  - Frankfurt am Main
ER  -