02610nam 22005053u 450 991045240900332120210113175922.01-4755-1820-X1-4755-4247-X(CKB)2550000000106459(EBL)1606721(SSID)ssj0001036168(PQKBManifestationID)11662593(PQKBTitleCode)TC0001036168(PQKBWorkID)11041671(PQKB)11279432(MiAaPQ)EBC1606721(EXLCZ)99255000000010645920140210d2012|||| u|| |engur|n|---|||||txtccrCountry Stress Events[electronic resource]Washington International Monetary Fund20121 online resource (46 p.)IMF Working PapersDescription based upon print version of record.1-4755-7068-6 1-4755-0345-8 Cover; CONTENTS; I. INTRODUCTION; II. DATA AND CONSTRUCTION OF THE MAIN VARIABLES; A. GOVERNANCE MEASURES; B. FISCAL STRESS INDICATOR (FSI); C. POLITICAL STRESS INDICATOR (PSI); D. OTHER VARIABLES; III. ESTIMATION METHODOLOGY AND MAIN RESULTS; A. ESTIMATION TECHNIQUE; B. ESTIMATION RESULTS; IV. DISCUSSION OF THE RESULTS; A. FISCAL STRESS; B. POLITICAL STRESS; V. CONCLUSION; REFERENCES; ANNEX I: DATA AND DESCRIPTIVE STATISTICS; ANNEX II: DATA SOURCES; ANNEX III: FISCAL AND POLITICAL STRESS EVENTS; ANNEX IV: GROUPING OF COUNTRIES BY REGION AND HYDROCARBON EXPORT; ANNEX V: ESTIMATION RESULTSANNEX VI: PREDICTED VALUES FROM STRESS EVENT MODELThis paper analyzes the linkages between governance quality and country stress events. It focuses on two types of events: fiscal and political stress events, for which two innovative stress indicators are introduced. The results suggest that weaker governance quality is associated with a higher incidence of both fiscal and political stress events. In particular, internal accountability, which measures the responsiveness of governments to improving the quality of the bureaucracy, public service provision, and respect for the institutional framework in place, is positively associated with fiscalIMF Working PapersElectronic books.Kochanova Anna910666Caceres Carlos882223AU-PeELAU-PeELAU-PeELBOOK9910452409003321Country Stress Events2038166UNINA