Sub-National Government's Risk Premia : Does Fiscal Performance Matter? /
This paper examines the determinants of sub-national governments risk premia using secondary market data for U.S., Canada, Australia and Germany. It finds that, as for central governments, fiscal fundamentals matter in the pricing of risk premia, and sub-national governments with higher public debt...
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| Diğer Yazarlar: | |
| Materyal Türü: | Dergi |
| Dil: | English |
| Baskı/Yayın Bilgisi: |
Washington, D.C. :
International Monetary Fund,
2015.
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| Seri Bilgileri: | IMF Working Papers; Working Paper ;
No. 2015/117 |
| Online Erişim: | Full text available on IMF |