Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.11851/1109
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dc.contributor.authorCufadar, Ali-
dc.contributor.authorÖzatay, Fatih-
dc.date.accessioned2019-05-23T05:53:21Z
dc.date.available2019-05-23T05:53:21Z
dc.date.issued2017-04
dc.identifier.citationÇufadar, A., & Özatay, F. (2017). Sovereign risk, public debt, dollarization, and the output effects of fiscal austerity. Journal of International Money and Finance, 72, 75-92.en_US
dc.identifier.issn0261-5606
dc.identifier.othernumber of pages 18
dc.identifier.urihttps://doi.org/10.1016/j.jimonfin.2016.12.001-
dc.identifier.urihttps://hdl.handle.net/20.500.11851/1109-
dc.description.abstractThe goal of this paper is to investigate effects of fiscal policy on output as a response to an external shock at different levels and currency compositions of public debt. Central to our analysis is the mutual relationship between sovereign risk and public debt on the one hand, and the linkage between sovereign risk and private credit spreads on the other. We show that fiscal austerity is conducive to real economic activity when initial government debt is high, its foreign currency share is important, and the link between sovereign and corporate spreads is strong. (C) 2016 Elsevier Ltd. All rights reserved.en_US
dc.language.isoenen_US
dc.publisherElsevier Sci Ltden_US
dc.relation.ispartofJournal Of International Money And Financeen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectrecessionen_US
dc.subjectsovereign risken_US
dc.subjectliability dollarizationen_US
dc.subjectfiscal austerityen_US
dc.titleSovereign Risk, Public Debt, Dollarization, and the Output Effects of Fiscal Austerityen_US
dc.typeArticleen_US
dc.departmentFaculties, Faculty of Economics and Administrative Sciences, Department of Economicsen_US
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümütr_TR
dc.identifier.volume72
dc.identifier.startpage75
dc.identifier.endpage92
dc.identifier.wosWOS:000398015200004en_US
dc.identifier.scopus2-s2.0-85008881349en_US
dc.institutionauthorÖzatay, Salih Fatih-
dc.identifier.doi10.1016/j.jimonfin.2016.12.001-
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.identifier.scopusqualityQ1-
item.openairetypeArticle-
item.languageiso639-1en-
item.grantfulltextnone-
item.fulltextNo Fulltext-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.cerifentitytypePublications-
Appears in Collections:İktisat Bölümü / Department of Economics
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection
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