Fiscal Challenges after the Global Financial Crisis : A Survey of Key Issues

The global financial crisis and the response to it have contributed to a sharp increase in public indebtedness in a large number of countries. While there have been episodes of high debt in the past, there are a number of long-term challenges today...

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Bibliographic Details
Main Author:	Lopez-Claros, Augusto
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCESS TO INFORMATION ACCOUNTING ADVANCED ECONOMIES ASSET POSITION BAILOUT BALANCE SHEET BANK DEPOSITS BANKING CRISES BANKING SECTORS BANKING SYSTEM BINDING CONSTRAINT BOND BOND TRADERS BOOM GENERATION BORROWING REQUIREMENT BUDGET CONSTRAINT BUDGET DEFICIT BUDGET DEFICITS BUDGET REVIEWS BUDGETING BUSINESS CYCLE CAPITAL ACCOUNT CAPITAL FLIGHT CAPITALIST ECONOMIES CASH MANAGEMENT CENTRAL BANK CENTRAL BANK SUPPORT CENTRAL BANKS COMMODITIES COMMUNICATION TECHNOLOGIES COMPETITIVE MARKET CONFIDENCE OF INVESTORS CONTINGENT LIABILITIES CREDIBILITY CREDIT DERIVATIVES CREDIT LINES CREDITORS CRISIS COUNTRIES CURRENCY CURRENCY BOARD DEBT DEBT BURDEN DEBT DEFAULT DEBT DEFAULTS DEBT LEVEL DEBT LEVELS DEBT MANAGEMENT DEBT OBLIGATIONS DEBT REDUCTION DEBT SERVICE DEBT SERVICING DEBT SERVICING COSTS DEBT-SERVICE DEFICITS DEMOCRACY DEMOGRAPHIC DEPOSIT DEPOSIT INSURANCE DEVALUATION DEVELOPING COUNTRIES ECONOMIC DEVELOPMENT ECONOMIC DOWNTURN ECONOMIC EFFICIENCY ECONOMIC POLICIES EMERGING MARKETS EQUIPMENT EQUITIES EQUITY MARKETS EQUITY PRICES EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORTERS FERTILITY RATES FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL HEALTH FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FINANCING REQUIREMENT FISCAL BURDEN FISCAL CONSOLIDATION FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL EFFORT FISCAL POLICIES FISCAL POLICY FOOD PRICES FOREIGN CURRENCY FOREIGN CURRENCY DEBTS FOREIGN DIRECT INVESTMENT GENERATIONAL ACCOUNTING GENERATIONAL ACCOUNTS GLOBAL ECONOMY GLOBAL FINANCIAL SYSTEM GLOBAL OUTPUT GOVERNMENT BONDS GOVERNMENT BUDGET GOVERNMENT BUDGET DEFICIT GOVERNMENT DEBT GOVERNMENT EXPENDITURE GOVERNMENT EXPENDITURES GOVERNMENT POLICY GOVERNMENT REVENUE GOVERNMENT REVENUES GOVERNMENT SECURITIES GROSS DEBT HOLDINGS HUMAN CAPITAL INCENTIVE STRUCTURE INCOME INDEBTED COUNTRIES INDEBTEDNESS INDUSTRIAL COUNTRIES INFLATION INFLATIONARY EXPECTATIONS INSTRUMENT INSURERS INTEREST PAYMENTS INTEREST RATE INTERNATIONAL BANK INTERNATIONAL FINANCE INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INTERNATIONAL TRADE INVESTOR CONFIDENCE JOB CREATION LABOR MARKET LEVEL OF DEBT LIABILITY LIFE EXPECTANCY LIQUID ASSETS LIQUIDITY LIVING STANDARDS LONG-TERM INTEREST LONG-TERM INTEREST RATES LONG-TERM LIABILITIES MACROECONOMIC POLICIES MACROECONOMIC STABILITY MARKET CONFIDENCE MARKET PARTICIPANTS MARKET VOLATILITY MATURITIES MATURITY MONETARY POLICIES MONETARY POLICY MORTGAGE MORTGAGE MARKETS MUTUAL FUNDS NATURAL DISASTERS NOMINAL INTEREST RATE OIL PRICES OPPORTUNITY COST OUTSTANDING PUBLIC DEBT PENSION PENSION FUND PENSION FUND ASSETS PENSION FUND INVESTMENTS PENSION FUNDS PENSION SYSTEM PENSIONS POLICY RESPONSES POLITICAL ECONOMY POLITICAL STABILITY POLITICAL SYSTEMS POPULATION AGEING PRICE STABILITY PRIVATE INVESTORS PRIVATE PENSION PRIVATE SECTOR DEVELOPMENT PROPERTY RIGHTS PUBLIC DEBT PUBLIC DEBTS PUBLIC FINANCES PUBLIC FUNDS PUBLIC INVESTMENT PUBLIC PENSION PUBLIC PENSIONS PUBLIC POLICY PUBLIC SECTOR BORROWING PUBLIC SPENDING RATE OF GROWTH RATES OF INFLATION REAL ESTATE REAL INTEREST REAL INTEREST RATES REGULATORY BARRIERS REGULATORY FRAMEWORK RESERVE RESERVES RETIREMENT AGE RETIREMENT AGES RETURN RISK FACTORS RULE OF LAW SAFETY NETS SAVINGS SECURITY RISKS SHAREHOLDERS SHORT-TERM INTEREST RATE SMALL BUSINESSES SMALL COUNTRY SOCIAL PROTECTION SOCIAL SAFETY NETS SOLVENCY STATE GUARANTEES STOCKS SUSTAINABLE GROWTH TAX TAX POLICY TAX RATES TAX REGIME TAX SYSTEM TAX SYSTEMS TECHNOLOGICAL ADVANCES TRADE UNIONS TRANSPARENCY TREASURY URBANIZATION VARIABLE RATES WHOLESALE FUNDING WORLD ECONOMY
Online Access:	http://documents.worldbank.org/curated/en/2014/03/19254930/fiscal-challenges-after-global-financial-crisis-survey-key-issues http://hdl.handle.net/10986/17286