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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Detaylı Bibliyografya
Yazar: Cuevas, Alfredo
Diğer Yazarlar: Gonzalez, Maria, Lombardo, Davide, Lopez-Marmolejo, Arnoldo
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2008.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 2008/195
Online Erişim:Full text available on IMF