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The shadow economy should be included in credit rating calculations for European countries

Kostova Karaboytcheva, Miroslava and Silva, Carolina (2015) The shadow economy should be included in credit rating calculations for European countries. LSE European Politics and Policy (EUROPP) Blog (20 Oct 2015). Website.

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Abstract

In today’s uncertain investment environment, the reliability of sovereign risk indicators is key. Miroslava Kostova Karaboytcheva and Carolina Silva argue that, in spite of the clear link that has been drawn between the informal economy of a country and its sovereign risk, this aspect is still not taken into enough account. They propose a way of improving credit ratings estimation by involving a new factor: the shadow economy as a percentage of GDP.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/europpblog/
Additional Information: © 2015 The Author(s)
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JN Political institutions (Europe)
Date Deposited: 27 Mar 2017 11:25
Last Modified: 24 Oct 2021 23:41
URI: http://eprints.lse.ac.uk/id/eprint/70906

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