Fiscal transparency, fiscal performance and credit ratings / prepared by Elif Arbatli and Julio Escolano.

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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Bibliographic Details
Main Authors: Arbatli, Elif (Author), Escolano, Julio (Author)
Format: eBook
Published: [Washington, D.C.] : International Monetary Fund, ©2012.
Series:IMF working paper ; WP/12/156.
Online Access:Click for online access