What Is the Difference Between Gross and Net Government Debt?

What Is the Difference Between Gross and Net Government Debt? Gross government debt represents the total outstanding financial liabilities of government including all bonds, loans, and other debt instruments owed to both external and domestic creditors, while net...

How Should Implicit Government Guarantees Be Measured?

How Should Implicit Government Guarantees Be Measured? Implicit government guarantees should be measured by estimating the expected fiscal cost that governments are likely to bear if they are forced—by economic necessity, political pressure, or systemic risk—to...