Country Stress Events : : Does Governance Matter? / / Anna Kochanova, Carlos Caceres
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| Autore: |
Kochanova Anna
|
| Titolo: |
Country Stress Events : : Does Governance Matter? / / Anna Kochanova, Carlos Caceres
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2012 |
| Edizione: | 1st ed. |
| Descrizione fisica: | 1 online resource (46 p.) |
| Disciplina: | 332.10973 |
| Soggetto topico: | Economic policy |
| Economics | |
| Administrative Processes in Public Organizations | |
| Bureaucracy | |
| Corporate crime | |
| Corporate Finance and Governance: Government Policy and Regulation | |
| Corruption | |
| Criminology | |
| Debt default | |
| Debts, External | |
| Exports and Imports | |
| Finance | |
| Finance: General | |
| Financial services industry | |
| Financial soundness indicators | |
| Fiscal Policy | |
| Fiscal policy | |
| Fiscal risks | |
| General Financial Markets: Government Policy and Regulation | |
| Income | |
| Institutions and the Macroeconomy | |
| International economics | |
| International Lending and Debt Problems | |
| Law and Economics: General (including Data Sources and Description) | |
| Macroeconomics | |
| Personal income | |
| Personal Income, Wealth, and Their Distributions | |
| Public Administration | |
| Public finance & taxation | |
| Public Finance | |
| Public Sector Accounting and Audits | |
| Relation of Economics to Other Disciplines | |
| White-collar crime | |
| Soggetto geografico: | Russian Federation |
| Altri autori: |
CaceresCarlos
|
| Note generali: | Description based upon print version of record. |
| Nota di bibliografia: | Includes bibliographical references. |
| Nota di contenuto: | 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 RESULTS |
| ANNEX VI: PREDICTED VALUES FROM STRESS EVENT MODEL | |
| Sommario/riassunto: | This 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 fiscal stress events. However, external accountability, which captures government accountability before the public in general, through elections and the democratic process, seems to be more important for political stress events. These results hold when using balanced country samples where region, oil-exporter status, income level, and time are taken into account. |
| Titolo autorizzato: | Country Stress Events |
| ISBN: | 9781475518207 |
| 147551820X | |
| 9781475542479 | |
| 147554247X | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910973682503321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2012/116