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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| Format: | eBook |
| Language: | English |
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[Washington, D.C.]
International Monetary Fund,
[2019]
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| Series: | IMF working paper ;
WP/19/162. |
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| Online Access: | EBSCOhost Перейти в каталог НБ ТГУ |
Table of Contents:
- Literature review
- Dataset and emprirical strategy
- Empirical results
- Robustness
- Concluding remarks.