LEADER 00784nam0-2200277---450- 001 990010084250403321 005 20160628110016.0 035 $a001008425 035 $aFED01001008425 035 $a(Aleph)001008425FED01 035 $a001008425 100 $a20160628d1984----km-y0itay50------ba 101 0 $aita 102 $aIT 105 $a--------001yy 200 1 $aBilanci e contabilità delle unità santiarie locali$eRaccordi tra profili giuridici e aspetti contabili$fFranco Novello 205 $aMaggioli editore 210 $aRimini$cMaggioli editore$d1984 215 $a331 P.$d25 cm 700 1$aNovello,$bFranco 801 0$aIT$bUNINA$gRICA$2UNIMARC 901 $aBK 912 $a990010084250403321 952 $aDT XIV-397$b1688$fDEC 959 $aDEC 997 $aUNINA LEADER 03679nam 2200625Ia 450 001 9910462481803321 005 20200520144314.0 010 $a1-4755-4315-8 010 $a1-4755-7136-4 035 $a(CKB)2670000000234729 035 $a(EBL)1606799 035 $a(SSID)ssj0000953216 035 $a(PQKBManifestationID)11522111 035 $a(PQKBTitleCode)TC0000953216 035 $a(PQKBWorkID)10907004 035 $a(PQKB)11519790 035 $a(MiAaPQ)EBC1606799 035 $a(Au-PeEL)EBL1606799 035 $a(CaPaEBR)ebr10590661 035 $a(OCoLC)795923824 035 $a(EXLCZ)992670000000234729 100 $a20111102d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFiscal transparency, fiscal performance and credit ratings$b[electronic resource] /$fprepared by Elif Arbatli and Julio Escolano 210 $aWashington $cInternational Monetary Fund$d2012 215 $a1 online resource (34 p.) 225 0 $aIMF working paper ;$v12/156 300 $aDescription based upon print version of record. 311 $a1-4755-0447-0 311 $a1-4755-3987-8 320 $aIncludes bibliographical references. 327 $aCover; Abstract; Contents; I. Introduction; II. Measures Of Fiscal Transparency; Tables; 1. Properties of Fiscal Transparency Indices; 2. Correlation Between Different Transparency Indices; Figures; 1. ROSC Index and GDP Per Capita; 3. Fiscal Transparency and Other Proxies for Transparency; 2. ROSC and OBI Indices; III. Empirical Approach And Data; IV. Results; 3. ROSC Index and Political Competition in Advanced Economies; 4. ROSC Index and Political Competition in Developing Economies; V. Conclusions; 4. Fiscal Transparency, Primary Balance and Public Debt - Advanced Economies Sample 327 $a5. Fiscal Transparency (ROSC Index), Primary Balance and Public Debt - Developing Country Sample6. Fiscal Transparency (OBI Index), Primary Balance and Public Debt - Developing Country Sample; 7. Fiscal Transparency (ROSC Index), Primary Balance and Public Debt - Full Sample; 8. Fiscal Transparency (OBI Index), Primary Balance and Public Debt - Full Sample; 9. Fiscal Transparency and Fiscal Performance - Instrumental Variable Results; 10. Fiscal Transparency and Ratings - Instrumental Variable Results; Appendix Tables; A.1. Numerical Conversion of Sovereign Credit Ratings 327 $aA.2. Data Source and Variable DefinitionsReferences 330 $aThis paper investigates the effect of fiscal transparency on market assessments of sovereign risk, as measured by credit ratings. It measures this effect through a direct channel (uncertainty reduction) and an indirect channel (better fiscal policies and outcomes), and it differentiates between advanced and developing economies. Fiscal transparency is measured by an index based on the IMF's Reports on the Observance of Standards and Codes (ROSCs). We find that fiscal transparency has a positive and significant effect on ratings, but it works through different channels in advanced and developin 410 0$aIMF Working Papers 606 $aFiscal policy 606 $aTransparency in government 608 $aElectronic books. 615 0$aFiscal policy. 615 0$aTransparency in government. 700 $aArbatli$b Elif$0999054 701 $aEscolano$b Julio$0999055 712 02$aInternational Monetary Fund. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910462481803321 996 $aFiscal transparency, fiscal performance and credit ratings$92292053 997 $aUNINA