Effects of Fiscal Instability on Financial Instability

Effects of Fiscal Instability on Financial Instability

This paper empirically examines how fiscal instability affects financial instability. According to an IMF forecast (2021a), the fiscal space in Korea will be steadily reduced in the future. The theoretical literature predicts that if fiscal stability is undermined, financial stability will also be i...

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Bibliographic Details
Main Author: SUNJOO HWANG
Format: Article
Language:English
Published: Korea Development Institute 2022-08-01
Series:KDI Journal of Economic Policy
Subjects:
fiscal instability
financial instability
sovereign bond
implicit government guarantees
noncore currency
Online Access:https://kdijep.org/v.44/3/49/Effects+of+Fiscal+Instability+on+Financial+Instability

Internet

https://kdijep.org/v.44/3/49/Effects+of+Fiscal+Instability+on+Financial+Instability

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