Dobrescu, Gabriela; Petrova, Iva; Belhocine, Nazim; … - International Monetary Fund (IMF) - 2011
emerging economies. Unlike previous studies, the index assesses the determinants of fiscal stress periods, covering public debt … default as well as near-default events. The fiscal stress index depends on a parsimonious set of fiscal indicators, aggregated … stress over time since the mid-1990s in advanced and emering economies. Fiscal stress has increased recently to record …