The Potential Role for Securitizing Public Sector Revenue Flows : An Application to the Philippines »
Series: IMF Working Papers
Author(s): Nigel Chalk
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2002
Since the mid-1980s, the securitization of future flow receivables has grown in importance as a financing alternative for the public sector. In a world of perfect capital markets, there appears to be little rationa...