Fiscal Transparency, Fiscal Performance and Credit Ratings / Julio Escolano, Elif Arbatli Saxegaard.
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...
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| Format: | eBook |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2012.
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| Series: | IMF working paper ;
WP/2012/156. |
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Fiscal transparency, fiscal performance and credit ratings /
Published 2012
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