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Emna Trabelsi
''Does fiscal transparency matter for financial (in)stability? An empirical study on emerging and developing countries''
( 2022, Vol. 42 No.3 )
The purpose of the study is to examine to effect of fiscal transparency on financial instability in emerging and developing countries. On the top of the usual country-specific variables proposed by literature, the role of fiscal transparency is for the first time examined and found to be negative and significant beyond a certain threshold, confirming an inverted U-shaped relationship between fiscal transparency and financial instability. Our result has implications on the design of fiscal policy and on the fight against financial instability.
Keywords: Fiscal transparency, Financial (in)stability, Inverted U-shape
JEL: H3 - Fiscal Policies and Behavior of Economic Agents: General
O1 - Economic Development: General
Manuscript Received : Jan 31 2021 Manuscript Accepted : Sep 30 2022

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