Arbeitspapier
International reserves and fiscal policy in developing countries
This paper investigates empirically the relationship between the pattern of fiscal policy and the demand for international reserves in developing countries, and how this relationship is associated with political risk and conditional access to global capital markets. It finds evidence that for developing countries with low political risk, countercyclical (procyclical) fiscal policies are associated with higher (lower) international reserve holdings in economic downturns. The relationship is stronger when the countries with low political risk rely heavily on external financing. For developing countries with high political risk, the link between reserves holdings and fiscal policy pattern is not clear-cut.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 06-18
- Klassifikation
-
Wirtschaft
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Fiscal Policy
International Lending and Debt Problems
Open Economy Macroeconomics
- Thema
-
international reserves
fiscal policy
political risk
Währungsreserven
Internationaler Kredit
Finanzpolitik
Internationaler Finanzmarkt
Länderrisiko
Entwicklungsländer
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Zhou, Yan
- Ereignis
-
Veröffentlichung
- (wer)
-
University of California, Santa Cruz Institute for International Economics (SCIIE)
- (wo)
-
Santa Cruz, CA
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Zhou, Yan
- University of California, Santa Cruz Institute for International Economics (SCIIE)
Entstanden
- 2007
Ähnliche Objekte (12)
Macroeconomics of fiscal policy in developing countries
Explaining the procyclicality of fiscal policy in developing countries
Fiscal policy cycles and public expenditure in developing countries
Fiscal Policy and Private Consumption in Industrial and Developing Countries
Fiscal policy cycles and the exchange regime in developing countries
Developing countries and international fiscal law
Fiscal Policy During Business Cycles in Developing Countries: The Case of Africa
Fiscal policy during business cycles in developing countries: The case of Africa
EC policy and developing countries
Agricultural policy in developing countries
Financial policy in developing countries
Fiscal Policy And Growth in Developing Asia
Macroeconomics of fiscal policy in developing countries
Explaining the procyclicality of fiscal policy in developing countries
Fiscal policy cycles and public expenditure in developing countries
Fiscal Policy and Private Consumption in Industrial and Developing Countries
Fiscal policy cycles and the exchange regime in developing countries
Developing countries and international fiscal law
Fiscal Policy During Business Cycles in Developing Countries: The Case of Africa
Fiscal policy during business cycles in developing countries: The case of Africa
EC policy and developing countries
Agricultural policy in developing countries
Financial policy in developing countries
Fiscal Policy And Growth in Developing Asia
Macroeconomics of fiscal policy in developing countries
Explaining the procyclicality of fiscal policy in developing countries
Fiscal policy cycles and public expenditure in developing countries
Fiscal Policy and Private Consumption in Industrial and Developing Countries
Fiscal policy cycles and the exchange regime in developing countries
Developing countries and international fiscal law
Fiscal Policy During Business Cycles in Developing Countries: The Case of Africa
Fiscal policy during business cycles in developing countries: The case of Africa
EC policy and developing countries
Agricultural policy in developing countries
Financial policy in developing countries