Policy credibility and sovereign credit [[electronic resource] ] : the case of new EU member states / / prepared by David Hauner, Jiri Jonas, and Manmohan S. Kumar |
Autore | Hauner David |
Pubbl/distr/stampa | [Washington, D.C.], : International Monetary Fund, 2007 |
Descrizione fisica | 1 online resource (31 p.) |
Disciplina |
332
335.4/12 |
Altri autori (Persone) |
JonášJiří
KumarManmohan S |
Collana | IMF working paper |
Soggetto topico |
Fiscal policy - Europe, Central
Fiscal policy - Europe, Eastern Fiscal policy - European Union countries Credit ratings - Europe, Central Credit ratings - Europe, Eastern Credit ratings - European Union countries Debts, Public - Europe, Central Debts, Public - Europe, Eastern Debts, Public - European Union countries |
Soggetto genere / forma | Electronic books. |
ISBN |
1-4623-3768-6
1-4527-6324-0 1-282-55821-8 1-4519-1018-5 9786613822352 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. Policy Credibility and Sovereign Credit; III. The Case of the New Member States; IV. Methodology and Data; A. Testing Strategy; B. Data; C. Estimation Issues; II. Results; A. All Countries; B. New Member States; C. Robustness; III. Conclusions; References; Figure; EU8-Government Debt, Interest Expenditure, and Effective Interest Rate (1995 = 100); Tables; 1. Variable Description; 2. Sovereign Ratings-Recursive Estimates; 3. Foreign Currency Spreads-Recursive Estimates; 4. Local Currency Yields-Recursive Estimates
5. Illustrative Quantitative Effects of NMS Coefficients6. Sovereign Ratings-Robustness Checks; 7. Foreign Currency Spreads-Robustness Checks; 8. Local Currency Yields-Robustness Checks; Appendix; Computation of Bond Spreads; Appendix; Computation of Bond Spreads |
Record Nr. | UNINA-9910464855903321 |
Hauner David | ||
[Washington, D.C.], : International Monetary Fund, 2007 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
Policy Credibility and Sovereign Credit : : The Case of New EU Member States / / Manmohan Kumar, Jirí Jonáš, David Hauner |
Autore | Kumar Manmohan |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2007 |
Descrizione fisica | 1 online resource (31 p.) |
Disciplina |
332
335.4/12 |
Altri autori (Persone) |
JonášJirí
HaunerDavid |
Collana | IMF Working Papers |
Soggetto topico |
Fiscal policy - Europe, Central
Fiscal policy - Europe, Eastern Fiscal policy - European Union countries Credit ratings - Europe, Central Credit ratings - Europe, Eastern Credit ratings - European Union countries Debts, Public - Europe, Central Debts, Public - Europe, Eastern Debts, Public - European Union countries Banks and Banking Exports and Imports Finance: General Inflation Money and Monetary Policy Monetary Systems Standards Regimes Government and the Monetary System Payment Systems Current Account Adjustment Short-term Capital Movements General Financial Markets: General (includes Measurement and Data) Price Level Deflation Interest Rates: Determination, Term Structure, and Effects Monetary economics International economics Finance Macroeconomics Currencies Current account balance Emerging and frontier financial markets Real interest rates Money Balance of payments Financial markets Prices Financial services Financial services industry Interest rates |
ISBN |
1-4623-3768-6
1-4527-6324-0 1-282-55821-8 1-4519-1018-5 9786613822352 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. Policy Credibility and Sovereign Credit; III. The Case of the New Member States; IV. Methodology and Data; A. Testing Strategy; B. Data; C. Estimation Issues; II. Results; A. All Countries; B. New Member States; C. Robustness; III. Conclusions; References; Figure; EU8-Government Debt, Interest Expenditure, and Effective Interest Rate (1995 = 100); Tables; 1. Variable Description; 2. Sovereign Ratings-Recursive Estimates; 3. Foreign Currency Spreads-Recursive Estimates; 4. Local Currency Yields-Recursive Estimates
5. Illustrative Quantitative Effects of NMS Coefficients6. Sovereign Ratings-Robustness Checks; 7. Foreign Currency Spreads-Robustness Checks; 8. Local Currency Yields-Robustness Checks; Appendix; Computation of Bond Spreads; Appendix; Computation of Bond Spreads |
Record Nr. | UNINA-9910788518003321 |
Kumar Manmohan | ||
Washington, D.C. : , : International Monetary Fund, , 2007 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
Resolving a large contingent fiscal liability [[electronic resource] ] : Eastern European experiences / / prepared by Mark Flangan |
Autore | Flanagan Mark (Mark Joseph) |
Pubbl/distr/stampa | [Washington, D.C.], : International Monetary Fund, European Dept., c2008 |
Descrizione fisica | 1 online resource (42 p.) |
Collana | IMF working paper |
Soggetto topico |
Debts, Public - Europe, Eastern
Fiscal policy - Europe, Eastern Debts, Public - Ukraine Fiscal policy - Ukraine |
Soggetto genere / forma | Electronic books. |
ISBN |
1-4623-6487-X
1-4527-2688-4 1-282-84110-6 9786612841101 1-4518-7017-5 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; Tables; 1. Recent European Cases of Large Off-Balance Sheet Liabilities; II. Design of a Settlement: Economic Considerations; A. Fiscal sustainability; Boxes; 1. The sustainable level of primary surplus; Figures; 1. Primary Surplus in Successful Episodes of Debt Regularization; 2. Settlement Structures for Large Contingent Fiscal Liabilities; B. Macroeconomic stability; 3. Structure of the Serbian Debt Settlement; 2. The Global Monetary and Fiscal Model; 2. Up-front Debt Shock; 3. Sensitivity Tests; 4. Debt Shock with Counter-Cyclical Fiscal Policy
5. Spread-out Debt Shock6. Debt Shock with All Offsets; 4. Debt Settlement Timing and Macroeconomic Conjuncture; III. Design of a Settlement: Technical Considerations; A. Administration; 5. Settling Large Contingent Fiscal Claims: Issues Raised; B. The staging of a settlement; 7. Timing of Debt Restitution and Macroeconomic Factors; C. The settlement technique; 3. Mutual Debt Settlements (Netting) in the CIS; D. The use of public assets in a settlement; IV. Application: Ukraine and the lost savings problem; 8. Ukraine: Distribution of Lost Savings Claims 9. Ukraine: Debt Shocks and Fiscal Sustainability10. Ukraine: Current Macroeconomic Situation; V. Conclusions; Appendix I. The GIMF Model Calibration; Appendix II. Ukraine: A Brief History of the Lost Savings; References |
Record Nr. | UNINA-9910463588103321 |
Flanagan Mark (Mark Joseph) | ||
[Washington, D.C.], : International Monetary Fund, European Dept., c2008 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
Resolving a Large Contingent Fiscal Liability : : Eastern European Experiences / / Mark Flanagan |
Autore | Flanagan Mark |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
Descrizione fisica | 1 online resource (42 p.) |
Collana | IMF Working Papers |
Soggetto topico |
Debts, Public - Europe, Eastern
Fiscal policy - Europe, Eastern Debts, Public - Ukraine Fiscal policy - Ukraine Banks and Banking Exports and Imports Macroeconomics Money and Monetary Policy Comparison of Public and Private Enterprises and Nonprofit Institutions Privatization Contracting Out Monetary Systems Standards Regimes Government and the Monetary System Payment Systems International Lending and Debt Problems Fiscal Policy Interest Rates: Determination, Term Structure, and Effects Monetary economics International economics Finance Currencies Arrears Fiscal sustainability Real interest rates Money Debts, External Fiscal policy Interest rates |
ISBN |
1-4623-6487-X
1-4527-2688-4 1-282-84110-6 9786612841101 1-4518-7017-5 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; Tables; 1. Recent European Cases of Large Off-Balance Sheet Liabilities; II. Design of a Settlement: Economic Considerations; A. Fiscal sustainability; Boxes; 1. The sustainable level of primary surplus; Figures; 1. Primary Surplus in Successful Episodes of Debt Regularization; 2. Settlement Structures for Large Contingent Fiscal Liabilities; B. Macroeconomic stability; 3. Structure of the Serbian Debt Settlement; 2. The Global Monetary and Fiscal Model; 2. Up-front Debt Shock; 3. Sensitivity Tests; 4. Debt Shock with Counter-Cyclical Fiscal Policy
5. Spread-out Debt Shock6. Debt Shock with All Offsets; 4. Debt Settlement Timing and Macroeconomic Conjuncture; III. Design of a Settlement: Technical Considerations; A. Administration; 5. Settling Large Contingent Fiscal Claims: Issues Raised; B. The staging of a settlement; 7. Timing of Debt Restitution and Macroeconomic Factors; C. The settlement technique; 3. Mutual Debt Settlements (Netting) in the CIS; D. The use of public assets in a settlement; IV. Application: Ukraine and the lost savings problem; 8. Ukraine: Distribution of Lost Savings Claims 9. Ukraine: Debt Shocks and Fiscal Sustainability10. Ukraine: Current Macroeconomic Situation; V. Conclusions; Appendix I. The GIMF Model Calibration; Appendix II. Ukraine: A Brief History of the Lost Savings; References |
Record Nr. | UNINA-9910788235103321 |
Flanagan Mark | ||
Washington, D.C. : , : International Monetary Fund, , 2008 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|