Assessing Fiscal Stress /

This paper develops a new index which provides early warning signals of fiscal sustainability problems for advanced and emerging economies. Unlike previous studies, the index assesses the determinants of fiscal stress periods, covering public debt default as well as near-default events. The fiscal s...

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Bibliographic Details
Main Author: Dobrescu, Gabriela
Other Authors: Baldacci, Emanuele, Belhocine, Nazim, Petrova, Iva
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/100
Online Access:Full text available on IMF