Does inflation targeting reduce sovereign risk?: Further evidence

John Thornton; Chrysovalantis Vasilakis

doi:10.1016/j.frl.2016.04.022

Does inflation targeting reduce sovereign risk? Further evidence

Ysgol Busnes Albert Gubay

Allbwn ymchwil: Cyfraniad at gyfnodolyn › Erthygl › adolygiad gan gymheiriaid

292 Wedi eu Llwytho i Lawr (Pure)

Crynodeb

We examine whether adopting an inflation-targeting regime helps reduce sovereign risk premia in a sample of 64 advanced and developing countries for the period 1985–2012. We address the self-selection problem of policy adoption by applying a variety of propensity score matching methods. The results provide evidence that inflation targeting lowers sovereign risk.

Iaith wreiddiol	Saesneg
Tudalennau (o-i)	237-241
Cyfnodolyn	Finance Research Letters
Cyfrol	18
Rhif cyhoeddi	August
Dyddiad ar-lein cynnar	23 Ebr 2016
Dynodwyr Gwrthrych Digidol (DOIs)	https://doi.org/10.1016/j.frl.2016.04.022
Statws	Cyhoeddwyd - Awst 2016

Mynediad at Ddogfen

10.1016/j.frl.2016.04.022

2017 Does inflation targeting reduce sovereign riskTrwydded: CC BY-NC-ND

Dyfynnu hyn

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abstract = "We examine whether adopting an inflation-targeting regime helps reduce sovereign risk premia in a sample of 64 advanced and developing countries for the period 1985–2012. We address the self-selection problem of policy adoption by applying a variety of propensity score matching methods. The results provide evidence that inflation targeting lowers sovereign risk.",

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AB - We examine whether adopting an inflation-targeting regime helps reduce sovereign risk premia in a sample of 64 advanced and developing countries for the period 1985–2012. We address the self-selection problem of policy adoption by applying a variety of propensity score matching methods. The results provide evidence that inflation targeting lowers sovereign risk.

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Does inflation targeting reduce sovereign risk? Further evidence

Crynodeb

Mynediad at Ddogfen

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