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Sovereign ratings and finance ministers’ characteristics
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Autores
Orientador(es)
Resumo(s)
This paper empirically assesses the effect of a newly-compiled set of finance ministers´ characteristics on the setting by rating agencies of the long-term sovereign rating notations. Using a sample of 26 EU countries between 1980-2012, we find that the existence of more focused delegation-oriented fiscal framework, the Minister of Finance being a woman, and the Minister of Finance having a degree in the areas of finance or “hard sciences” seems to contribute to a better sovereign rating notation, and the opposite in the case of a Law background.
Descrição
Palavras-chave
sovereign ratings ordered probit sovereign debt panel data principal components
Contexto Educativo
Citação
Afonso, António e João Tovar Jalles (2019). "Sovereign ratings and finance ministers’ characteristics". Instituto Superior de Economia e Gestão – REM Working paper nº 072 - 2019
Editora
ISEG - REM - Research in Economics and Mathematics