Inflation targeting and country risk /:
The sovereign debt crisis in Europe has highlighted the role of country risk premia as a link between countries' fiscal and external balances, financial conditions and monetary policy. The purpose of this paper is to estimate how adoption of inflation targeting (IT) affects spreads. It is hypot...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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[Washington, D.C.] :
International Monetary Fund,
©2013.
|
| Schriftenreihe: | IMF working paper ;
WP/13/21. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The sovereign debt crisis in Europe has highlighted the role of country risk premia as a link between countries' fiscal and external balances, financial conditions and monetary policy. The purpose of this paper is to estimate how adoption of inflation targeting (IT) affects spreads. It is hypothesized that country risk premia for IT countries (especially among emerging market economies) may be lower than for other countries owing to greater policy predictability and more stable long-term inflation. The findings suggest that IT reduces the risk premium, both through adoption of the IT regime, and through the observed track record. |
| Beschreibung: | Title from PDF title page (IMF Web site, viewed Jan. 31, 2013). "January 2013." |
| Beschreibung: | 1 online resource (30 pages) |
| Bibliographie: | Includes bibliographical references. |
| ISBN: | 9781475554021 1475554028 9781475554717 1475554710 9781475558685 1475558686 |
Internformat
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| 245 | 1 | 0 | |a Inflation targeting and country risk / |c prepared by Armand Fouejieu A. and Scott Roger. |
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| 500 | |a Title from PDF title page (IMF Web site, viewed Jan. 31, 2013). | ||
| 520 | |a The sovereign debt crisis in Europe has highlighted the role of country risk premia as a link between countries' fiscal and external balances, financial conditions and monetary policy. The purpose of this paper is to estimate how adoption of inflation targeting (IT) affects spreads. It is hypothesized that country risk premia for IT countries (especially among emerging market economies) may be lower than for other countries owing to greater policy predictability and more stable long-term inflation. The findings suggest that IT reduces the risk premium, both through adoption of the IT regime, and through the observed track record. | ||
| 504 | |a Includes bibliographical references. | ||
| 500 | |a "January 2013." | ||
| 505 | 0 | |a Cover; Contents; I. Introduction; II. An Overview of Evidence on Determinants of the Country Risk Premium; III. Inflation Targeting and the Risk Premium; IV. The Analytical Framework; A. Model Specification; B. Data and Descriptive Analysis; Tables:; 1. Data availability on government bond yields; Figures:; 1. Bond yield spreads, debt, and GDP growth: Inflation targeters versus non-targeters; 2. Bond yield spreads and debt: emerging markets versus high income economies; C. Estimates and Results; 2. Determinants of Country Risk Premia; 3. Impact of Inflation Targeting on Country Risk Premia. | |
| 505 | 8 | |a 4. Impact of IT on country risk in emerging market and high income economiesV. Concluding Comments and Policy Implications; References; Appendix. | |
| 650 | 0 | |a Inflation targeting |x Econometric models. | |
| 650 | 0 | |a Country risk |x Econometric models. | |
| 650 | 6 | |a Ciblage d'inflation |x Modèles économétriques. | |
| 650 | 6 | |a Risque pays |x Modèles économétriques. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Inflation. |2 bisacsh | |
| 650 | 7 | |a Country risk |x Econometric models |2 fast | |
| 700 | 1 | |a Roger, Scott. |0 http://id.loc.gov/authorities/names/no93037636 | |
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| author | Fouejieu A., Armand |
| author2 | Roger, Scott |
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| author_GND | http://id.loc.gov/authorities/names/no2013011318 http://id.loc.gov/authorities/names/no93037636 |
| author_corporate | International Monetary Fund |
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| contents | Cover; Contents; I. Introduction; II. An Overview of Evidence on Determinants of the Country Risk Premium; III. Inflation Targeting and the Risk Premium; IV. The Analytical Framework; A. Model Specification; B. Data and Descriptive Analysis; Tables:; 1. Data availability on government bond yields; Figures:; 1. Bond yield spreads, debt, and GDP growth: Inflation targeters versus non-targeters; 2. Bond yield spreads and debt: emerging markets versus high income economies; C. Estimates and Results; 2. Determinants of Country Risk Premia; 3. Impact of Inflation Targeting on Country Risk Premia. 4. Impact of IT on country risk in emerging market and high income economiesV. Concluding Comments and Policy Implications; References; Appendix. |
| ctrlnum | (OCoLC)826216498 |
| dewey-full | 332.41 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.41 |
| dewey-search | 332.41 |
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| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:49:08Z |
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| isbn | 9781475554021 1475554028 9781475554717 1475554710 9781475558685 1475558686 |
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| spelling | Fouejieu A., Armand. http://id.loc.gov/authorities/names/no2013011318 Inflation targeting and country risk / prepared by Armand Fouejieu A. and Scott Roger. [Washington, D.C.] : International Monetary Fund, ©2013. 1 online resource (30 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF working paper ; WP/13/21 Title from PDF title page (IMF Web site, viewed Jan. 31, 2013). The sovereign debt crisis in Europe has highlighted the role of country risk premia as a link between countries' fiscal and external balances, financial conditions and monetary policy. The purpose of this paper is to estimate how adoption of inflation targeting (IT) affects spreads. It is hypothesized that country risk premia for IT countries (especially among emerging market economies) may be lower than for other countries owing to greater policy predictability and more stable long-term inflation. The findings suggest that IT reduces the risk premium, both through adoption of the IT regime, and through the observed track record. Includes bibliographical references. "January 2013." Cover; Contents; I. Introduction; II. An Overview of Evidence on Determinants of the Country Risk Premium; III. Inflation Targeting and the Risk Premium; IV. The Analytical Framework; A. Model Specification; B. Data and Descriptive Analysis; Tables:; 1. Data availability on government bond yields; Figures:; 1. Bond yield spreads, debt, and GDP growth: Inflation targeters versus non-targeters; 2. Bond yield spreads and debt: emerging markets versus high income economies; C. Estimates and Results; 2. Determinants of Country Risk Premia; 3. Impact of Inflation Targeting on Country Risk Premia. 4. Impact of IT on country risk in emerging market and high income economiesV. Concluding Comments and Policy Implications; References; Appendix. Inflation targeting Econometric models. Country risk Econometric models. Ciblage d'inflation Modèles économétriques. Risque pays Modèles économétriques. BUSINESS & ECONOMICS Inflation. bisacsh Country risk Econometric models fast Roger, Scott. http://id.loc.gov/authorities/names/no93037636 International Monetary Fund. http://id.loc.gov/authorities/names/n81052755 has work: Inflation targeting and country risk (Text) https://id.oclc.org/worldcat/entity/E39PCFxDyt3TTv7Gf83qGXYxCP https://id.oclc.org/worldcat/ontology/hasWork IMF working paper ; WP/13/21. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=548034 Volltext |
| spellingShingle | Fouejieu A., Armand Inflation targeting and country risk / IMF working paper ; Cover; Contents; I. Introduction; II. An Overview of Evidence on Determinants of the Country Risk Premium; III. Inflation Targeting and the Risk Premium; IV. The Analytical Framework; A. Model Specification; B. Data and Descriptive Analysis; Tables:; 1. Data availability on government bond yields; Figures:; 1. Bond yield spreads, debt, and GDP growth: Inflation targeters versus non-targeters; 2. Bond yield spreads and debt: emerging markets versus high income economies; C. Estimates and Results; 2. Determinants of Country Risk Premia; 3. Impact of Inflation Targeting on Country Risk Premia. 4. Impact of IT on country risk in emerging market and high income economiesV. Concluding Comments and Policy Implications; References; Appendix. Inflation targeting Econometric models. Country risk Econometric models. Ciblage d'inflation Modèles économétriques. Risque pays Modèles économétriques. BUSINESS & ECONOMICS Inflation. bisacsh Country risk Econometric models fast |
| title | Inflation targeting and country risk / |
| title_auth | Inflation targeting and country risk / |
| title_exact_search | Inflation targeting and country risk / |
| title_full | Inflation targeting and country risk / prepared by Armand Fouejieu A. and Scott Roger. |
| title_fullStr | Inflation targeting and country risk / prepared by Armand Fouejieu A. and Scott Roger. |
| title_full_unstemmed | Inflation targeting and country risk / prepared by Armand Fouejieu A. and Scott Roger. |
| title_short | Inflation targeting and country risk / |
| title_sort | inflation targeting and country risk |
| topic | Inflation targeting Econometric models. Country risk Econometric models. Ciblage d'inflation Modèles économétriques. Risque pays Modèles économétriques. BUSINESS & ECONOMICS Inflation. bisacsh Country risk Econometric models fast |
| topic_facet | Inflation targeting Econometric models. Country risk Econometric models. Ciblage d'inflation Modèles économétriques. Risque pays Modèles économétriques. BUSINESS & ECONOMICS Inflation. Country risk Econometric models |
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