Pension Privatization and Country Risk /

This paper explores how privatizing a pension system can affect sovereign credit risk. For this purpose, it analyzes the importance that rating agencies give to implicit pension debt (IPD) in their assessments of sovereign creditworthiness. We find that rating agencies generally do not seem to give...

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Bibliografische gegevens
Hoofdauteur: Cuevas, Alfredo
Andere auteurs: Gonzalez, Maria, Lombardo, Davide, Lopez-Marmolejo, Arnoldo
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2008.
Reeks:IMF Working Papers; Working Paper ; No. 2008/195
Online toegang:Full text available on IMF