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This paper investigates the effect of fiscal transparency on market assessments of sovereign risk, as measured by credit ratings. It measures this effect through a direct channel (uncertainty reduction) and an indirect channel (better fiscal policies and outcomes), and it differentiates between...
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This report assesses the Observance of Standards and Codes on Fiscal Transparency for Italy. The report finds that … significant progress has been made in budget management, especially in recent years, and that Italy meets the standards of the …
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Module for Italy. Some progress has been made vis-à-vis the 2003 ROSC update, especially toward strengthening the integrity … firmer assessment of Italy’s fiscal developments and prospects. A few issues remain outstanding …
Persistent link: https://www.econbiz.de/10014407701
During the 2003 Article IV Consultation mission, IMF staff reviewed developments in Italy's observance of fiscal … fiscal transparency practices. The IMF staff recommendations in the first ROSC for Italy focused on the following four main …
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