Fiscal Transparency, Fiscal Performance and Credit Ratings

Working Paper No. 12/156

Nopic
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 advanced and developing economies. Fiscal... READ MORE...

Publication date: June 2012
ISBN 9781475504477
$18.00

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Publication date: June 2012

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Publication date: June 2012

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