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Fiscal rules and international financial market access
[Règles budgétaires et accès aux marchés financiers internationaux]

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  • Pegdéwendé Nestor Sawadogo

    (CERDI - Centre d'Études et de Recherches sur le Développement International - IRD - Institut de Recherche pour le Développement - CNRS - Centre National de la Recherche Scientifique - UCA - Université Clermont Auvergne)

Abstract

Fiscal policy is a powerful instrument to regulate the economic activity in order to address many development challenges and promote sound macroeconomic conditions in developing countries. A large literature examines the role of fiscal rules in improving fiscal outcomes. Fiscal rules impose numerical limits on budgetary aggregates. However, few studies investigate the link between fiscal rules and financial market access. This paper aims to explore the effects of various types of fiscal rules and their interactions on financial market access in developing countries. Our findings confirm that the adoption of fiscal rules is an instrument for policy makers to improve developing countries' financial market access.

Suggested Citation

  • Pegdéwendé Nestor Sawadogo, 2020. "Fiscal rules and international financial market access [Règles budgétaires et accès aux marchés financiers internationaux]," Post-Print hal-03514057, HAL.
    • Handle: RePEc:hal:journl:hal-03514057
    Note: View the original document on HAL open archive server: https://uca.hal.science/hal-03514057
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    Keywords

    Règles fiscales;

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