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Policy credibility and sovereign credit : the case of the new EU member states /
Annotation
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
2007.
|
| Colección: | IMF working paper ;
WP/07/1. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Hauner, David, |e author. | |
| 245 | 1 | 0 | |a Policy credibility and sovereign credit : |b the case of the new EU member states / |c prepared by David Hauner, Jiri Jonas, and Manmohan S. Kumar. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c 2007. | ||
| 300 | |a 1 online resource (29 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper ; |v WP/07/1 | |
| 504 | |a Includes bibliographical references (pages 17-19). | ||
| 588 | 0 | |a Print version record. | |
| 520 | 8 | |a Annotation |b References to policy credibility, particularly with regard to fiscal policy, are ubiquitous in both economic literature and financial markets, even though it is not directly observable. the case of the EU new member states (NMS)-emerging markets joining a supranational entity that is generally considered to have higher policy credibility-provides a unique experiment to assess the effects of credibility on sovereign credit. This paper examines the impact of EU accession on three key variables that can reflect in varying degrees policy credibility: sovereign ratings, foreign currency spreads, and local currency yields. the results suggest that the NMS appear to have enjoyed higher credibility compared to their peers. | |
| 505 | 0 | |a I. Introduction; II. Policy Credibility and Sovereign Credit; III. The Case of the New Member States; IV. Methodology and Data; A. Testing Strategy; B. Data; C. Estimation Issues; II. Results; A. All Countries; B. New Member States; C. Robustness; III. Conclusions; References; Figure; EU8-Government Debt, Interest Expenditure, and Effective Interest Rate (1995 = 100); Tables; 1. Variable Description; 2. Sovereign Ratings-Recursive Estimates; 3. Foreign Currency Spreads-Recursive Estimates; 4. Local Currency Yields-Recursive Estimates | |
| 505 | 8 | |a 5. Illustrative Quantitative Effects of NMS Coefficients6. Sovereign Ratings-Robustness Checks; 7. Foreign Currency Spreads-Robustness Checks; 8. Local Currency Yields-Robustness Checks; Appendix; Computation of Bond Spreads; Appendix; Computation of Bond Spreads | |
| 506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
| 533 | |a Electronic reproduction. |b [S.l.] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
| 538 | |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
| 583 | 1 | |a digitized |c 2010 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 610 | 2 | 6 | |a Union européenne. |
| 650 | 0 | |a Fiscal policy |z Europe, Central. | |
| 650 | 0 | |a Fiscal policy |z Europe, Eastern. | |
| 650 | 0 | |a Fiscal policy |z European Union countries. | |
| 650 | 0 | |a Credit ratings |z Europe, Central. | |
| 650 | 0 | |a Credit ratings |z Europe, Eastern. | |
| 650 | 0 | |a Credit ratings |z European Union countries. | |
| 650 | 0 | |a Debts, Public |z Europe, Central. | |
| 650 | 0 | |a Debts, Public |z Europe, Eastern. | |
| 650 | 0 | |a Debts, Public |z European Union countries. | |
| 650 | 0 | |a Fiscal policy |z Europe. | |
| 650 | 0 | |a Econometric models. | |
| 650 | 0 | |a Credit. | |
| 650 | 6 | |a Politique fiscale |z Europe. | |
| 650 | 6 | |a Taux de change |z Europe. | |
| 650 | 6 | |a Modèles économétriques. | |
| 650 | 6 | |a Crédit. | |
| 650 | 6 | |a Politique fiscale |z Europe centrale. | |
| 650 | 6 | |a Politique fiscale |z Europe de l'Est. | |
| 650 | 6 | |a Politique fiscale |z Pays de l'Union européenne. | |
| 650 | 6 | |a Cotes de solvabilité |z Europe centrale. | |
| 650 | 6 | |a Cotes de solvabilité |z Europe de l'Est. | |
| 650 | 6 | |a Cotes de solvabilité |z Pays de l'Union européenne. | |
| 650 | 6 | |a Dettes publiques |z Europe centrale. | |
| 650 | 6 | |a Dettes publiques |z Europe de l'Est. | |
| 650 | 6 | |a Dettes publiques |z Pays de l'Union européenne. | |
| 650 | 7 | |a credit. |2 aat | |
| 650 | 7 | |a Econometric models |2 fast | |
| 650 | 7 | |a Credit |2 fast | |
| 650 | 7 | |a Credit ratings |2 fast | |
| 650 | 7 | |a Debts, Public |2 fast | |
| 650 | 7 | |a Fiscal policy |2 fast | |
| 651 | 7 | |a Europe |2 fast |1 https://id.oclc.org/worldcat/entity/E39PBJxCxPbbk4CPJDQJb4r6rq | |
| 651 | 7 | |a Central Europe |2 fast | |
| 651 | 7 | |a Eastern Europe |2 fast | |
| 651 | 7 | |a European Union countries |2 fast | |
| 655 | 4 | |a Computer network resources. | |
| 700 | 1 | |a Jonáš, Jiří, |e author. | |
| 700 | 1 | |a Kumar, Manmohan S., |e author. | |
| 710 | 2 | |a International Monetary Fund. |b Fiscal Affairs Department. | |
| 758 | |i has work: |a Policy credibility and sovereign credit (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGwbr44XYRMbwyxwGPFYKb |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Hauner, David. |t Policy credibility and sovereign credit. |d [Washington, D.C.] : International Monetary Fund, 2007 |w (OCoLC)141236399 |
| 830 | 0 | |a IMF working paper ; |v WP/07/1. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1608450 |z Texto completo |
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