Pension Privatization and Country Risk /

This paper explores how privatizing a pension system can affect sovereign credit risk. For this purpose, it analyzes the importance that rating agencies give to implicit pension debt (IPD) in their assessments of sovereign creditworthiness. We find that rating agencies generally do not seem to give...

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Xehetasun bibliografikoak
Egile nagusia: Cuevas, Alfredo
Beste egile batzuk: Gonzalez, Maria, Lombardo, Davide, Lopez-Marmolejo, Arnoldo
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2008.
Saila:IMF Working Papers; Working Paper ; No. 2008/195
Sarrera elektronikoa:Full text available on IMF

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