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Market-Based Fiscal Discipline in Monetary Unions

Market-Based Fiscal Discipline in Monetary Unions »

Source: Market-Based Fiscal Discipline in Monetary Unions : Evidence From the U.S. Municipal Bond Market

Volume/Issue: 1991/89

Series: IMF Working Papers

Author(s): Morris Goldstein , and Geoffrey Woglom

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1991

ISBN: 9781451851205

Keywords: bonds, bond, fiscal policy, fiscal discipline, municipal bond, Market-Based Fiscal Discipline in Monetary Unions:,

The concept of market-based fiscal discipline posits that a government which runs persistent, excessive fiscal deficits will face an increased cost of borrowing and eventually, a reduced availability of credit, and...

Market-Based Fiscal Discipline in Monetary Unions
			: Evidence From the U.S. Municipal Bond Market

Market-Based Fiscal Discipline in Monetary Unions : Evidence From the U.S. Municipal Bond Market »

Volume/Issue: 1991/89

Series: IMF Working Papers

Author(s): Morris Goldstein , and Geoffrey Woglom

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1991

DOI: http://dx.doi.org/10.5089/9781451851205.001

ISBN: 9781451851205

Keywords: bonds, bond, fiscal policy, fiscal discipline, municipal bond, Market-Based Fiscal Discipline in Monetary Unions:,

The concept of market-based fiscal discipline posits that a government which runs persistent, excessive fiscal deficits will face an increased cost of borrowing and eventually, a reduced availability of credit, and...