TY - JOUR
T1 - Inflation targeting credibility and sovereign risk
T2 - evidence from Colombia
AU - Galvis Ciro, Juan Camilo
AU - de Mendonça, Helder Ferreira
N1 - Publisher Copyright:
© 2015 Taylor & Francis.
PY - 2016/9/21
Y1 - 2016/9/21
N2 - This article relates to the literature on sovereign risk in developing countries. In particular, we present empirical evidence to address the effect of inflation targeting credibility on sovereign risk based on the Colombian experience. The findings denote that credibility is an important improvement in the institutional framework to reduce the sovereign risk premium.
AB - This article relates to the literature on sovereign risk in developing countries. In particular, we present empirical evidence to address the effect of inflation targeting credibility on sovereign risk based on the Colombian experience. The findings denote that credibility is an important improvement in the institutional framework to reduce the sovereign risk premium.
KW - credibility
KW - EMBIG
KW - inflation targeting
KW - Sovereign risk
UR - http://www.scopus.com/inward/record.url?scp=84951294088&partnerID=8YFLogxK
U2 - 10.1080/13504851.2015.1125425
DO - 10.1080/13504851.2015.1125425
M3 - Artículo
AN - SCOPUS:84951294088
VL - 23
SP - 984
EP - 990
JO - Applied Economics Letters
JF - Applied Economics Letters
SN - 1350-4851
IS - 14
ER -