Sovereign debt risk in emerging market economies: Does inflation targeting adoption make any difference?

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• 作者：Wené ; yam Hippolyte Balima ; Jean-Louis Combes ; Alexandru Minea ; ^{alexandru.minea@udamail.fr}
• 关键词：E44 ; E58 ; H63 ; F34 ; G15
• 刊名：Journal of International Money and Finance
• 出版年：2017
• 出版时间：February 2017
• 年：2017
• 卷：70
• 期：Complete
• 页码：360-377
• 全文大小：356 K
• 卷排序：70

文摘

Inflation targeting (IT) adoption improves sovereign debt risk in emerging countries. This favorable effect is sensitive to several structural characteristics. The measure of sovereign risk and the IT form equally influence the effect of IT adoption. IT can improve emerging market economies' access to international financial markets.