The Resource Rules and risk in the euro area, (electronic resource)

Rules and risk in the euro area, (electronic resource)

Label
Rules and risk in the euro area
Title
Rules and risk in the euro area
Creator
Contributor
Language
eng
Cataloging source
IT-FiEUI
http://library.link/vocab/creatorDate
1973-
http://library.link/vocab/creatorName
Iara, Anna
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Wolff, Guntram
  • Bruegel
Series statement
Bruegel working papers
Series volume
10
Label
Rules and risk in the euro area, (electronic resource)
Link
http://bruegel.org/publications/
Instantiates
Publication
Note
In this working paper, with a unique data set summarising the quality of rules-based fiscal governance in European Union member states, the authors show that stronger fiscal rules in euro-area members reduce sovereign risk premia, in particular in times of market stress. Anna Iara and Guntram Wolff develop a model of sovereign spreads that are determined by the probability of default in interaction with the level of risk aversion. Estimation of the model confirms the central predictions. The legal basis for the rules, and mechanisms for enforcing them, are the most important dimensions of rulesbased fiscal governance
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb17007264
Extent
29 pages.
Media category
computer
Media MARC source
rdamedia.
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)1088504388
Label
Rules and risk in the euro area, (electronic resource)
Link
http://bruegel.org/publications/
Publication
Note
In this working paper, with a unique data set summarising the quality of rules-based fiscal governance in European Union member states, the authors show that stronger fiscal rules in euro-area members reduce sovereign risk premia, in particular in times of market stress. Anna Iara and Guntram Wolff develop a model of sovereign spreads that are determined by the probability of default in interaction with the level of risk aversion. Estimation of the model confirms the central predictions. The legal basis for the rules, and mechanisms for enforcing them, are the most important dimensions of rulesbased fiscal governance
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb17007264
Extent
29 pages.
Media category
computer
Media MARC source
rdamedia.
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)1088504388

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