Exploring Risk-Adjusted Fiscal Sustainability Analysis for Asian Economies
dc.contributor.author | George Kopits | |
dc.contributor.author | Benno Ferrarini | |
dc.contributor.author | Arief Ramayandi | |
dc.date.accessioned | 2018-11-25T18:25:49Z | |
dc.date.available | 2018-11-25T18:25:49Z | |
dc.date.issued | 2016-05-30 | |
dc.identifier.issn | 2313-6537 (Print) | |
dc.identifier.issn | 2313-6545 (e-ISSN) | |
dc.identifier.uri | http://hdl.handle.net/11540/8815 | |
dc.description.abstract | The paper explores risk-based fiscal analytical approaches to complement a standard debt sustainability analysis when applied under conditions of risk and uncertainty. To outline a possible road map for risk-adjusted fiscal sustainability analysis, the paper first examines the types of vulnerability faced by different emerging economies in Asia and reviews a range of stochastic methods that attempt to explicitly incorporate risk in their analysis. Drawing on international experience, we note that the usefulness of applying a stochastic approach hinges on policy makers’ capacity to identify the sources and extent of risks in assessing fiscal sustainability, which should then allow them to simulate the impact of a hypothetical corrective action on the baseline trajectory of debt or net worth and on its stochastic distribution, including fat-tail risks of default. | |
dc.language | English | |
dc.publisher | Asian Development Bank | |
dc.title | Exploring Risk-Adjusted Fiscal Sustainability Analysis for Asian Economies | |
dc.type | Working Papers | |
dc.subject.expert | Financial Stability | |
dc.subject.expert | Financial Management System | |
dc.subject.expert | Financial Restructuring | |
dc.subject.expert | Capital Market Development | |
dc.subject.expert | Market Development | |
dc.subject.expert | Economics | |
dc.subject.expert | Erosion | |
dc.subject.expert | International Economics | |
dc.subject.expert | Macroeconomic | |
dc.subject.expert | Macroeconomic Analysis | |
dc.subject.expert | Performance Evaluation | |
dc.subject.expert | Impact Evaluation | |
dc.subject.expert | Foreign and Domestic Financing | |
dc.subject.expert | Foreign Direct Investment | |
dc.subject.adb | International Financial Market | |
dc.subject.adb | Multilateral Financial Institutions | |
dc.subject.adb | Economic Recession | |
dc.subject.adb | Market | |
dc.subject.adb | Crisis | |
dc.subject.adb | Economic indicators | |
dc.subject.adb | Growth models | |
dc.subject.adb | Gross domestic product | |
dc.subject.adb | Macroeconomics | |
dc.subject.adb | Economic forecast | |
dc.subject.adb | Business Financing | |
dc.subject.adb | Investment Requirements | |
dc.subject.natural | Business recessions | |
dc.subject.natural | Multilateral development banks | |
dc.subject.natural | Regulatory reform | |
dc.subject.natural | Capital | |
dc.subject.natural | Exports | |
dc.subject.natural | Economic development projects | |
dc.subject.natural | Economic policy | |
dc.subject.natural | Economic forecasting | |
dc.subject.natural | Investment Requirements | |
dc.subject.natural | Banks | |
dc.subject.natural | International banks and banking | |
dc.subject.natural | Capital movements | |
dc.subject.natural | Central banks and banking | |
dc.subject.natural | Bills of exchange | |
dc.subject.natural | Swaps | |
dc.subject.natural | Banks and banking | |
dc.subject.natural | Financial crisis | |
dc.subject.natural | Credit control | |
dc.subject.natural | Credit allocation | |
dc.subject.natural | Capital market | |
dc.title.series | ADB Economics Working Paper Series | |
dc.title.volume | No. 483 | |
dc.contributor.imprint | Asian Development Bank | |
oar.theme | Finance | |
oar.theme | Economics | |
oar.adminregion | Asia and the Pacific Region | |
oar.country | Bangladesh | |
oar.country | Bhutan | |
oar.country | India | |
oar.country | Maldives | |
oar.country | Nepal | |
oar.country | Sri Lanka | |
oar.country | Brunei Darussalam | |
oar.country | Cambodia | |
oar.country | Indonesia | |
oar.country | Lao People's Democratic | |
oar.country | Malaysia | |
oar.country | Myanmar | |
oar.country | Philippines | |
oar.country | Singapore | |
oar.country | Thailand | |
oar.country | Viet Nam | |
oar.country | Cook Islands | |
oar.country | Fiji Islands | |
oar.country | Kiribati | |
oar.country | Marshall Islands | |
oar.country | Federated States of Micronesia | |
oar.country | Nauru | |
oar.country | Palau | |
oar.country | Papua New Guinea | |
oar.country | Samoa | |
oar.country | Solomon Islands | |
oar.country | Timor-Leste | |
oar.country | Tonga | |
oar.country | Tuvalu | |
oar.country | Vanuatu | |
oar.country | Afghanistan | |
oar.country | Armenia | |
oar.country | Azerbaijan | |
oar.country | Georgia | |
oar.country | Kazakhstan | |
oar.country | Kyrgyz Republic | |
oar.country | Pakistan | |
oar.country | Tajikistan | |
oar.country | Turkmenistan | |
oar.country | Uzbekistan | |
oar.country | People's Republic of China | |
oar.country | Hong Kong | |
oar.country | China | |
oar.country | Republic of Korea | |
oar.country | Mongolia | |
oar.country | Taipei,China | |
oar.identifier | OAR-008515 | |
oar.author | Kopits, George | |
oar.author | Ferrarini, Benno | |
oar.author | Ramayandi, Arief | |
oar.import | TRUE | |
oar.googlescholar.linkpresent | true |
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