Do Financial Markets Value Quality of Fiscal Governance? /

We examine the link between the quality of fiscal governance and access to market-based external finance. Stronger fiscal governance is associated with improvements in several indicators of market access, including a higher likelihood of issuing sovereign bonds and having a sovereign credit rating,...

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Bibliographic Details
Main Author: Keita, Kady
Other Authors: Leon, Gene, Lima, Frederico
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2019.
Series:IMF Working Papers; Working Paper ; No. 2019/218
Online Access:Full text available on IMF