Thou Shalt Not Breach : The Impact on Sovereign Spreads of Noncomplying with the EU Fiscal Rules /

There is evidence that fiscal rules, in particular well-designed rules, are associated with lower sovereign spreads. However, the impact of noncompliance with fiscal rules on spreads has not been examined in the literature. This paper estimates the effect of the Excessive Deficit Procedure (EDP) on...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Diaz Kalan, Federico
مؤلفون آخرون: Popescu, Adina, Reynaud, Julien
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2018.
سلاسل:IMF Working Papers; Working Paper ; No. 2018/087
الوصول للمادة أونلاين:Full text available on IMF