Asian Perspectives on Sovereign Debt and Managing Fiscal Risks скачать в хорошем качестве

Asian Perspectives on Sovereign Debt and Managing Fiscal Risks

Asian Perspectives on Sovereign Debt and Managing Fiscal Risks https://www.adb.org/publications/asia... This ADBI press book highlights the role of fiscal policy as an effective tool in crisis times while also drawing insights on the implications for prudent public debt management and fiscal resilience. With a focus on Asian economies, the book provides guidance to policy makers on reducing debt vulnerabilities and maximizing the capacity of fiscal policy to respond to shocks. The discussions highlight the importance of well-coordinated fiscal and monetary policies, as well as enhancing efforts on tax revenue generation and mobilizing domestic financial resources. The book also describes fiscal framework design that incorporates risk factors, supported by adequate fiscal buffers and credible macroeconomic assumptions in conjunction with a well-anchored fiscal path. Finally, it stresses the role of accountability and transparency in fiscal governance as central to effective public debt management.