Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/201847
Authors: 
Schuknecht, Ludger
Year of Publication: 
2019
Series/Report no.: 
SAFE White Paper 62
Abstract: 
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.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
595.28 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.