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OverviewThe 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 in stabilizing inflation. Full Product DetailsAuthor: Armand Fouejieu , Scott RogerPublisher: International Monetary Fund Imprint: International Monetary Fund ISBN: 9781299264816ISBN 10: 1299264816 Pages: 31 Publication Date: 01 January 2013 Audience: General/trade , General Format: Electronic book text Publisher's Status: Active Availability: In stock  We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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