Some examples of off-balance sheet transactions are letters of credit and guarantees, derivative instruments, and contingent liabilities. Companies are allowed to omit certain assets from their ...

Contingent liabilities have gained prominence in the analysis of public finance. Indeed, history is full of episodes in which the financial position of the public sector is substantially altered-or ...

Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate Whereas some central bank derivatives and other contingent liabilities ...