Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/107947
Authors: 
Miricescu, Emilian Constantin
Year of Publication: 
2012
Citation: 
[Journal:] Romanian Journal of Fiscal Policy (RJFP) [ISSN:] 2069-0983 [Volume:] 3 [Year:] 2012 [Issue:] 2 [Pages:] 48-57
Abstract: 
For most European Union countries the government expenditure exceeds government revenue which could lead in the long run to an increase in the government debt to GDP ratio. Considering the distortions generated by the financial and economic crisis, followed by the debt crisis, both local and international investors are more prudent when planning in lending money to sovereigns. The sovereign rating is probably one of the most important aspects which investors carefully analyze before they decide to purchase government bonds or Treasury bills. This paper focuses on Romania's short-run sovereign rating determinants according to the specific methodology of Romania's Export-Import Bank (EximBank). The results reveal that rating is Bb - payment difficulties and insignificant losses being possible.
Subjects: 
Short-term sovereign rating
Scoring model
Fiscal policy
Public debt
JEL: 
C00
E44
F34
G15
Creative Commons License: 
http://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Article
Appears in Collections:

Files in This Item:
File
Size
935.48 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.