Does fiscal transparency matter for financial (in)stability? An empirical study on emerging and developing countries

Emna Trabelsi

Economics Bulletin, 2022, vol. 42, issue 3, 1598 - 1608

Abstract: 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 (search for similar items in EconPapers)
JEL-codes: H3 O1 (search for similar items in EconPapers)
Date: 2022-09-30
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