01745cas a2200253 a 4500 AALejournalIMF003855 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451862317 1018-5941 BD-DhAAL BD-DhAAL Hauner, David. Financial Globalization and Fiscal Perfomance in Emerging Markets / David Hauner, Manmohan Kumar. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (30 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 In recent years financial globalization and benign global market conditions have helped emerging markets in their external financing and budgetary positions. This paper examines three related issues: (i) the importance of the impact of the benign financial environment on fiscal performance; (ii) the likely fiscal impact of a reversal in this environment; and (iii) the potential contribution of fiscal reforms to maintaining favorable market access. The results suggest that the benefits from the benign environment have been substantial and that the potential reversal of the favorable external conditions underlines the need for further fiscal reforms. Mode of access: Internet Kumar, Manmohan. IMF Working Papers; Working Paper ; No. 2005/212 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/212/001.2005.issue-212-en.xml IMF e-Library