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Fiscal Implications of the Global Economic and Financial Crisis - 9781589068506

Un libro in lingua di International Monetary Fund (COR) edito da Renouf Pub Co Ltd, 2009

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The IMF committee argues that if banks are to recover, they must be reassured that the unprecedented money they are getting from governments will not jeopardize the solvency of the governments themselves. The paper identifies fiscal implications of the financial crisis as direct costs, the cost of the recession, and effects through the funded component of the pension system. Then it considers the outlook for public finances in light of the crisis, and the risk for fiscal solvency and the appropriate policy response. No index is provided. Annotation ©2010 Book News, Inc., Portland, OR (booknews.com)

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