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Fiscal transparency, fiscal performance and credit ratings /
This paper investigates the effect of fiscal transparency on market assessments of sovereign risk, as measured by credit ratings. It measures this effect through a direct channel (uncertainty reduction) and an indirect channel (better fiscal policies and outcomes), and it differentiates between adva...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
|
| Colección: | IMF working paper ;
WP/12/156. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover; Abstract; Contents; I. Introduction; II. Measures Of Fiscal Transparency; Tables; 1. Properties of Fiscal Transparency Indices; 2. Correlation Between Different Transparency Indices; Figures; 1. ROSC Index and GDP Per Capita; 3. Fiscal Transparency and Other Proxies for Transparency; 2. ROSC and OBI Indices; III. Empirical Approach And Data; IV. Results; 3. ROSC Index and Political Competition in Advanced Economies; 4. ROSC Index and Political Competition in Developing Economies; V. Conclusions; 4. Fiscal Transparency, Primary Balance and Public Debt
- Advanced Economies Sample.
- 5. Fiscal Transparency (ROSC Index), Primary Balance and Public Debt
- Developing Country Sample6. Fiscal Transparency (OBI Index), Primary Balance and Public Debt
- Developing Country Sample; 7. Fiscal Transparency (ROSC Index), Primary Balance and Public Debt
- Full Sample; 8. Fiscal Transparency (OBI Index), Primary Balance and Public Debt
- Full Sample; 9. Fiscal Transparency and Fiscal Performance
- Instrumental Variable Results; 10. Fiscal Transparency and Ratings
- Instrumental Variable Results; Appendix Tables; A.1. Numerical Conversion of Sovereign Credit Ratings.