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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Detalles Bibliográficos
Autor principal: Cuevas, Alfredo
Otros Autores: Gonzalez, Maria, Lombardo, Davide, Lopez-Marmolejo, Arnoldo
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2008.
Colección:IMF Working Papers; Working Paper ; No. 2008/195
Acceso en línea:Full text available on IMF