Полное описание

Hadzi-Vaskov, Metodij. The nonlinear relationship between public debt and Sovereign credit ratings / by Metodij Hadzi-Vaskov and Luca Antonio Ricci. ; International Monetary Fund,. - [Washington, D.C.] : International Monetary Fund, 2019. - 2 p. - URL: https://cat.gpntb.ru/?id=FT/ShowFT&sid=3b6c57415da5b3bd08e4cdc866fe428a. - Includes bibliographical references. - ISBN 149832505X. - ISBN 1513509039. - ISBN 9781498325059. - ISBN 9781513509037. - DOI 10.5089/9781498325059.001. - Текст : электронный.
Содержание:
Literature review -- Dataset and emprirical strategy -- Empirical results -- Robustness -- Concluding remarks.
Рубрики:
Credit ratings
Debts, Public
Finance
International finance
Credit ratings
Credit ratings
Debts, Public
Finance
International finance

Аннотация: This study investigates the nonlinear relationship between public debt and sovereign credit ratings, using a wide sample of over one hundred advanced, emerging, and developing economies. It finds that: i) higher public debt lowers the probability of being placed in a higher rating category; ii) the negative debt-ratings relationship is nonlinear and depends on the rating grade itself; and iii) the identified nonlinearity explains the differential impact of debt on ratings in advanced economies versus in emerging markets and developing economies. These results hold for both gross debt and net debt, and are robust to alternative dependent variable definitions, analytical techniques, and empirical specifications. These findings underscore the potential for fiscal consolidation in helping countries achieve a better credit rating.
Доп. точки доступа:
Ricci, L.
International Monetary Fund,

Полный текст

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Полнотекстовая коллекция книг EBSCO eBooks (Шифр в БД-источнике (EBSKO): on1113179848)

Шифр в сводном ЭК: 336df4f86269235cbe829bebfd7342bf

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