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Sovereign Ratings and Finance Ministers' Characteristics

Antonio Afonso and Joao Jalles ()

Economics Bulletin, 2019, vol. 39, issue 4, 2999-3010

Abstract: We assess the effect of a newly-compiled set of finance ministers´ characteristics on long-term sovereign rating notations. Using a sample of 26 EU countries between 1980-2012, we find that the existence of more focused delegation-oriented fiscal framework, the Minister of Finance being a woman, and the Minister of Finance having a degree in the areas of finance or “hard sciences†contributes to better sovereign ratings, and the opposite in the case of a Law background.

Keywords: sovereign ratings; ordered probit; sovereign debt; panel data (search for similar items in EconPapers)
JEL-codes: H3 G1 (search for similar items in EconPapers)
Date: 2019-12-27
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Handle: RePEc:ebl:ecbull:eb-19-00559