The nonlinear relationship between public debt and Sovereign credit ratings
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...
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| Other Authors: | |
| Format: | eBook |
| Language: | English |
| Published: |
[Washington, D.C.]
International Monetary Fund,
[2019]
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| Series: | IMF working paper ;
WP/19/162. |
| Subjects: | |
| Online Access: | EBSCOhost Перейти в каталог НБ ТГУ |
| LEADER | 03070cam a22005771a 4500 | ||
|---|---|---|---|
| 001 | koha001014198 | ||
| 003 | OCoLC | ||
| 005 | 20250222070026.0 | ||
| 006 | m d | ||
| 007 | cr cn||||||||| | ||
| 008 | 020129t20192019dcu ob i000 0 eng d | ||
| 035 | |a koha001014198 | ||
| 040 | |a YOU |b eng |e pn |c YOU |d EBLCP |d CUY |d OCLCQ |d YDX |d N$T |d OCLCF |d OCLCQ |d CUS | ||
| 019 | |a 1112908450 | ||
| 020 | |a 149832505X | ||
| 020 | |a 1513509039 |q (electronic bk.) | ||
| 020 | |a 9781498325059 | ||
| 020 | |a 9781513509037 |q (electronic bk.) | ||
| 020 | |z 9781498325059 | ||
| 024 | 7 | |a 10.5089/9781498325059.001 |2 doi | |
| 050 | 4 | |a HJ8011 |b .H34 2019 | |
| 082 | 0 | 4 | |a 336.3/4 |2 23 |
| 049 | |a MAIN | ||
| 100 | 1 | |a Hadzi-Vaskov, Metodij, |9 913280 | |
| 245 | 1 | 4 | |a The nonlinear relationship between public debt and Sovereign credit ratings |c by Metodij Hadzi-Vaskov and Luca Antonio Ricci. |
| 264 | 1 | |a [Washington, D.C.] |b International Monetary Fund, |c [2019] | |
| 300 | |a 1 online resource (37 pages) | ||
| 490 | 1 | |a IMF Working Paper ; |v WP/19/162 | |
| 504 | |a Includes bibliographical references. | ||
| 505 | 0 | |a Literature review -- Dataset and emprirical strategy -- Empirical results -- Robustness -- Concluding remarks. | |
| 520 | 3 | |a 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. | |
| 588 | 0 | |a Online resource; title from PDF title page (IMF, viewed Sept. 8, 2020). | |
| 653 | 0 | |a Credit ratings. | |
| 653 | 0 | |a Debts, Public. | |
| 653 | 0 | |a Finance. | |
| 653 | 0 | |a International finance. | |
| 653 | 7 | |a Credit ratings. |2 fast |0 (OCoLC)fst00882591 | |
| 653 | 7 | |a Credit ratings. |2 imf | |
| 653 | 7 | |a Debts, Public. |2 fast |0 (OCoLC)fst00888850 | |
| 653 | 7 | |a Finance. |2 fast |0 (OCoLC)fst00924349 | |
| 653 | 7 | |a International finance. |2 fast |0 (OCoLC)fst00976945 | |
| 655 | 0 | |a EBSCO eBooks |9 905790 | |
| 655 | 4 | |a Electronic books. |9 899821 | |
| 700 | 1 | |a Ricci, Luca Antonio, |9 913281 | |
| 710 | 2 | |a International Monetary Fund, |e issuing body. |9 173503 | |
| 830 | 0 | |a IMF working paper ; |v WP/19/162. |9 913013 | |
| 856 | 4 | 0 | |3 EBSCOhost |u https://www.lib.tsu.ru/limit/2023/EBSCO/2232994.pdf |
| 856 | |y Перейти в каталог НБ ТГУ |u https://koha.lib.tsu.ru/cgi-bin/koha/opac-detail.pl?biblionumber=1014198 | ||
| 910 | |a EBSCO eBooks | ||
| 999 | |c 1014198 |d 1014198 | ||
| 039 | |||