| Description |
1 online resource (19 pages) |
| Series |
1\ IMF Working Papers; Working Paper ; No. 08/42, 1018-5941 |
|
IMF Working Papers; Working Paper ; No. 08/42
|
| Summary |
We extend the literature on budget deficits and interest rates in three ways: we examine both advanced and emerging economies and for the first time a large emerging market panel; explore interactions to explain some of the heterogeneity in the literature; and apply system GMM. There is overall a highly significant positive effect of budget deficits on interest rates, but the effect depends on interaction terms and is only significant under one of several conditions: deficits are high, mostly domestically financed, or interact with high domestic debt; financial openness is low; interest rates are liberalized; or financial depth is low |
| Notes |
Description based on print version record |
| Form |
Electronic book
|
| Author |
Hauner, David
|
| ISBN |
1451869045 |
|
9781451869040 |
|
