Article ID Journal Published Year Pages File Type
10488001 Journal of Financial Stability 2013 13 Pages PDF
Abstract
► Analyze the relationship between shadow economy size and default risk. ► Shadow economy size significantly increases public indebtedness and default risk. ► Results are robust to different econometric specifications.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics, Econometrics and Finance (General)
Preview
Public debt, sovereign default risk and shadow economy
Authors
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