Rebalancing the State’s Balance Sheet
Until recently, relatively little attention was paid to states’ balance sheets. Even today, states’ liabilities receive considerable attention, while their asset sides – a major potential source of resilience to negative economic shocks – receive significantly less.
https://prosyn.org/3p0opXQ
MILAN – Until recently, relatively little attention was paid to states’ balance sheets. Measurement and reporting were neglected. Even today, states’ liabilities receive considerable attention, while their asset sides receive significantly less.