scholarly journals Fool the Markets? Creative Accounting, Fiscal Transparency and Sovereign Risk Premia

2006 ◽  
Author(s):  
Kerstin Bernoth ◽  
Guntram B. Wolff
Keyword(s):  
Risk Premia ◽  
Sovereign Risk ◽  
Fiscal Transparency ◽  
Creative Accounting

Sovereign Risk Premia

2011 ◽  
Author(s):  
Adrien Verdelhan ◽  
Nicola Borri
Keyword(s):  
Risk Premia ◽  
Sovereign Risk

scholarly journals Sovereign risk premia: The link between fiscal rules and stability culture

2014 ◽  
Vol 41 ◽  
pp. 110-127 ◽  
Author(s):  
Friedrich Heinemann ◽  
Steffen Osterloh ◽  
Alexander Kalb
Keyword(s):  
Risk Premia ◽  
Fiscal Rules ◽  
Sovereign Risk

scholarly journals Sovereign Risk Premia: The Link between Fiscal Rules and Stability Culture

2013 ◽  
Author(s):  
Friedrich Heinemann ◽  
Steffen Osterloh ◽  
Alexander Kalb
Keyword(s):  
Risk Premia ◽  
Fiscal Rules ◽  
Sovereign Risk

Fiscal institutions, fiscal policy and sovereign risk premia in EMU

Public Choice ◽  
2008 ◽  
Vol 136 (3-4) ◽  
pp. 379-396 ◽  
Author(s):  
Mark Hallerberg ◽  
Guntram B. Wolff
Keyword(s):  
Fiscal Policy ◽  
Risk Premia ◽  
Sovereign Risk ◽  
Fiscal Institutions

scholarly journals Fiscal Rules, Creative Accounting and Fiscal Transparency: An Evaluation on the Transition Economies

2015 ◽  
Author(s):  
İlter Ünlükaplan ◽  
Volkan Yurdadoğ ◽  
Ebru Canıkalp
Keyword(s):  
Public Finance ◽  
Good Governance ◽  
Fiscal Rules ◽  
Accounting System ◽  
Budget Deficits ◽  
The Public ◽  
Fiscal Transparency ◽  
Government Accounting ◽  
Creative Accounting ◽  
The Relationship

An anonymous idea is observed in the public finance literature that includes where fiscal rules, i.e numerical rules on the fiscal indicators, are strict and stringent, policy executives will have incentives to recourse to creative accounting implementations to overcome these numerical limits. Creative accounting is applied for demonstrating economic, especially fiscal indicators better than the originals to reach the necessary fiscal limit, even if they are primarily conducted by private firms. Many countries applied these illusory implementations to hide their reported budget deficits especially in the last global crisis period. With this manner, creative accounting violates the basic principles of governance in public finance. In this context, governments should have to establish statistical classification structure and government accounting system that aims to prevent creative accounting. With this dimension, fiscal transparency will prevent from creative accounting implementations. In this study, the relationship between fiscal rules and creative accounting on the public finance administration level will be determined and fiscal transparency suggestions that prevent these frauds in the economies will be evaluated. As a result, the practice of good governance in public finance should be implemented to provide financial transparency. In addition, the reforms about transparency in the legislation should be consider as an important proposal.

Recent Estimates of Sovereign Risk Premia for Euro-Area Countries

2012 ◽  
Author(s):  
Antonio Di Cesare ◽  
Giuseppe Grande ◽  
Michele Manna ◽  
Marco Taboga
Keyword(s):  
Euro Area ◽  
Risk Premia ◽  
Sovereign Risk
Sign in / Sign up

Export Citation Format

Share Document