Government intervention to bail out troubled banks can produce a sizable fiscal contingent liability. Drawing on a rich history of various forms of staggered bailouts, this paper studies the link between bank bailouts and fiscal contingent liabilities using bank-level data for Kazakhstan—an upper-middle-income country in Central Asia. The paper first estimates the probability that a bank in distress is bailed out, conditioning on bank characteristics...
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详细
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2023/01/09
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政策研究报告
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WPS10273
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1
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2023/01/09
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Disclosed
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Bank Bailouts and Fiscal Contingent Liabilities