Leading Indicators of Fiscal Distress : Evidence from the Extreme Bound Analysis /

Early warning systems (EWS) are widely used for assessing countries' vulnerability to fiscal distress. Most EWS employ a specific set of only fiscal leading indicators predetermined by the researchers, which casts doubt on their robustness. We revisit this issue by using the Extreme Bound Analy...

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Bibliographic Details
Main Author: Bruns, Martin
Other Authors: Poghosyan, Tigran
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2016.
Series:IMF Working Papers; Working Paper ; No. 2016/028
Online Access:Full text available on IMF