The role of sovereign credit ratings in fiscal discipline
This paper investigates several aspects of the relationship between sovereign credit ratings and fiscal discipline. The analysis of over one thousand country–year observations for 93 countries during the 1999–2010 period reveals that a country’s debt level is likely to increase with higher ratings,...
| Main Authors: | , , |
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| Format: | Article |
| Published: |
Elsevier
2016
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| Online Access: | https://eprints.nottingham.ac.uk/39093/ |