Fiscal Transparency Borrowing Costs and Foreign Holdings of Sovereign Debt is popular PDF and ePub book, written by Laurent Kemoe in 2018-08-24, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Fiscal Transparency Borrowing Costs and Foreign Holdings of Sovereign Debt can be Read Online from any device for your convenience.
Fiscal Transparency Borrowing Costs and Foreign Holdings of Sovereign Debt Book PDF Summary
This paper explores the effects of fiscal transparency on the borrowing costs of 33 emerging and developing economies (EMs), and on foreign demand for their sovereign debt. Using multiple indicators, including a constructed one based on the published data in the IMF’s Government Finance Statistics Yearbook, we measure the separate effects of the three dimensions of fiscal transparency: openness of the budget process, fiscal data transparency, and accountability of fiscal actors. The results suggest that higher fiscal transparency reduces sovereign interest rate spreads and increases foreign holdings of sovereign debt, with each dimension of fiscal transparency playing a different role. Availability of detailed cross-country comparable fiscal data, especially for balance sheet items, has shown to increase foreign investors’ willingness in holding EM sovereign debt.
Detail Book of Fiscal Transparency Borrowing Costs and Foreign Holdings of Sovereign Debt PDF
- Author : Laurent Kemoe
- Release : 24 August 2018
- Publisher : International Monetary Fund
- ISBN : 9781484374580
- Genre : Business & Economics
- Total Page : 33 pages
- Language : English
- PDF File Size : 19,6 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book Fiscal Transparency Borrowing Costs and Foreign Holdings of Sovereign Debt by Laurent Kemoe, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.