Country Stress Events : Does Governance Matter? /

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 inci...

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Bibliographic Details
Main Author: Kochanova, Anna
Other Authors: Caceres, Carlos
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2012.
Series:IMF Working Papers; Working Paper ; No. 2012/116
Online Access:Full text available on IMF