01708cas a2200241 a 4500 AALejournalIMF000599 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451969269 1018-5941 BD-DhAAL BD-DhAAL Caselli, Francesco. Fiscal Discipline and the Cost of Public Debt Service : Some Estimates for OECD Countries / Francesco Caselli. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (22 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Is there any systematic explanation of variations in the cost of debt servicing over time and across countries? This paper examines the influence of fiscal variables on borrowing costs in a panel of OECD countries, showing that these variables have a significant role. In particular, an improvement of the primary fiscal balance is associated with a significant reduction in debt-servicing costs, amplifying the effects of primary adjustment on the fiscal position. A significant country-specific component remains, however; several explanations for this component are discussed, including debt management and market infrastructure. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1998/055 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/055/001.1998.issue-055-en.xml IMF e-Library