Does inflation targeting reduce sovereign risk? Further evidence
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- 2017 Does inflation targeting reduce sovereign risk
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DOI
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.
| Original language | English |
|---|---|
| Pages (from-to) | 237-241 |
| Journal | Finance Research Letters |
| Volume | 18 |
| Issue number | August |
| Early online date | 23 Apr 2016 |
| DOIs | |
| Publication status | Published - Aug 2016 |
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