How to deal with contingent liabilities - Lessons from the Dutch experience:
commission has reviewed all the guarantees, loans and financial interventions provided by the Dutch government. This review shows that policy makers often perceive these measures as a "free lunch", do-not-ask (sufficiently high) premiums and do-not-build reserves to cover potential damages...
Gespeichert in:
| 1. Verfasser: | |
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| Weitere Verfasser: | |
| Format: | Elektronisch Artikel |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2014
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | commission has reviewed all the guarantees, loans and financial interventions provided by the Dutch government. This review shows that policy makers often perceive these measures as a "free lunch", do-not-ask (sufficiently high) premiums and do-not-build reserves to cover potential damages. The commission concluded that the Dutch government needs to reduce these measures where possible (e.g. by including sunset clauses), implement policies that reduce implicit risks, increase transparency, and consider asking for an external opinion regarding premiums in case of large and complex risks. Also internationally, an increased focus on budget systems that ensure transparency and provide the right incentives is necessary, as in recent years contingent liabilities increased while government finances deteriorated, making countries less resilient to these risks. Countries seem to use very different definitions and reporting methods with regard to contingent liabilities, making an international comparison and monitoring very difficult. |
| Beschreibung: | 1 Online-Ressource (11 p.) 21 x 28cm. |
| DOI: | 10.1787/budget-14-5jxv7kmx9fbq |
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| indexdate | 2024-11-26T14:56:12Z |
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| spelling | Hofmans, Heleen M.J... VerfasserIn aut How to deal with contingent liabilities - Lessons from the Dutch experience Heleen M.J., Hofmans and Clement R., van de Coevering Paris OECD Publishing 2014 1 Online-Ressource (11 p.) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier commission has reviewed all the guarantees, loans and financial interventions provided by the Dutch government. This review shows that policy makers often perceive these measures as a "free lunch", do-not-ask (sufficiently high) premiums and do-not-build reserves to cover potential damages. The commission concluded that the Dutch government needs to reduce these measures where possible (e.g. by including sunset clauses), implement policies that reduce implicit risks, increase transparency, and consider asking for an external opinion regarding premiums in case of large and complex risks. Also internationally, an increased focus on budget systems that ensure transparency and provide the right incentives is necessary, as in recent years contingent liabilities increased while government finances deteriorated, making countries less resilient to these risks. Countries seem to use very different definitions and reporting methods with regard to contingent liabilities, making an international comparison and monitoring very difficult. Finance and Investment Governance van de Coevering, Clement R... MitwirkendeR ctb Enthalten in OECD Journal on Budgeting Vol. 14, no. 1, p. 35-45 volume:14 year:2014 number:1 pages:35-45 FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/budget-14-5jxv7kmx9fbq Volltext |
| spellingShingle | Hofmans, Heleen M.J.. How to deal with contingent liabilities - Lessons from the Dutch experience Finance and Investment Governance |
| title | How to deal with contingent liabilities - Lessons from the Dutch experience |
| title_auth | How to deal with contingent liabilities - Lessons from the Dutch experience |
| title_exact_search | How to deal with contingent liabilities - Lessons from the Dutch experience |
| title_full | How to deal with contingent liabilities - Lessons from the Dutch experience Heleen M.J., Hofmans and Clement R., van de Coevering |
| title_fullStr | How to deal with contingent liabilities - Lessons from the Dutch experience Heleen M.J., Hofmans and Clement R., van de Coevering |
| title_full_unstemmed | How to deal with contingent liabilities - Lessons from the Dutch experience Heleen M.J., Hofmans and Clement R., van de Coevering |
| title_short | How to deal with contingent liabilities - Lessons from the Dutch experience |
| title_sort | how to deal with contingent liabilities lessons from the dutch experience |
| topic | Finance and Investment Governance |
| topic_facet | Finance and Investment Governance |
| url | https://doi.org/10.1787/budget-14-5jxv7kmx9fbq |
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