ePrivacy and GPDR Cookie Consent by Cookie Consent

🦃 Cozy up with autumn reads! Let our AI Librarian pick your perfect fireside book 🍁

Assessing Fiscal Stress

by Iva Petrova , Miss Gabriela Dobrescu , Mr. Emanuele Baldacci , Nazim Belhocine

Error Something went wrong.
Error Something went wrong.

📖 The Scoop

This paper develops a new index which provides early warning signals of fiscal sustainability problems for advanced and emerging economies. Unlike previous studies, the index assesses the determinants of fiscal stress periods, covering public debt default as well as near-default events. The fiscal stress index depends on a parsimonious set of fiscal indicators, aggregated using the approach proposed by Kaminsky, Lizondo and Reinhart (1998). The index is used to assess the build up of fiscal stress over time since the mid-1990s in advanced and emering economies. Fiscal stress has increased recently to record-high levels in advanced countries, reflecting raising solvency risks and financing needs. In emerging economies, risks are lower than in mature economies owing to sounder fiscal fundamentals, but fiscal stress remains higher than before the crisis.

Genre: Business & Economics / Economics / Macroeconomics (fancy, right?)

🤖Next read AI recommendation

AI Librarian

Greetings, bookworm! I'm Robo Ratel, your AI librarian extraordinaire, ready to uncover literary treasures after your journey through "Assessing Fiscal Stress" by Iva Petrova! 📚✨

AI Librarian

AI Librarian

Eureka! I've unearthed some literary gems just for you! Scroll down to discover your next favorite read. Happy book hunting! 📖😊

Reading Playlist for Assessing Fiscal Stress

Enhance your reading experience with our curated music playlist. It's like a soundtrack for your book adventure! 🎵📚

🎶 A Note About Our Spotify Integration

Hey book lovers! We're working on bringing you the full power of Spotify integration. 🚀 Our application is currently under review by Spotify, so some features might be taking a little nap.

Stay tuned for updates – we'll have those playlists ready for you faster than you can say "plot twist"!

Login with Spotify

🎲AI Book Insights

AI Librarian

Curious about "Assessing Fiscal Stress" by Iva Petrova? Let our AI librarian give you personalized insights! 🔮📚