Public Safe Assets Determination

Ly Hung

Working Papers from HAL

Abstract: We characterize the safety of public debt by one cross-section sample of 160 economies. For demand analysis, the public debt is safer for larger financial market size, higher financial development level, lower inflation rate and greater political stability. For supply analysis, by a huger debt stock, the safety improves in economies with high income per capita but deteriorates in economies with low income per capita. The results are robust for Instrument-Variable regressions.

Keywords: Safe Assets; Credit Ratings; Financial Development (search for similar items in EconPapers)
Date: 2018-11
New Economics Papers: this item is included in nep-sea
Note: View the original document on HAL open archive server: https://hal.science/hal-01935126
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Citations: View citations in EconPapers (2)

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Journal Article: Public Safe Assets Determination (2020)
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