Fool the Markets? Creative Accounting, Fiscal Transparency and Sovereign Risk Premia

56 Pages Posted: 8 Jun 2016

See all articles by Kerstin Bernoth

Kerstin Bernoth

German Institute for Economic Research (DIW Berlin)

Guntram B. Wolff

Deutsche Bundesbank; University of Bonn - Center for European Integration Studies (ZEI)

Multiple version iconThere are 3 versions of this paper

Date Written: 2006

Abstract

We investigate the effects of official fiscal data and creative accounting signals

Keywords: Risk premia, government bond yields, creative accounting, stock-flow adjustments, gimmickry, transparency

JEL Classification: F34, H6, G12, E43, E62

Suggested Citation

Bernoth, Kerstin and Wolff, Guntram B., Fool the Markets? Creative Accounting, Fiscal Transparency and Sovereign Risk Premia (2006). Bundesbank Series 1 Discussion Paper No. 2006,19. Available at SSRN: https://ssrn.com/abstract=2785245

Kerstin Bernoth (Contact Author)

German Institute for Economic Research (DIW Berlin) ( email )

Mohrenstra├če 58
Berlin, 10117
Germany

Guntram B. Wolff

Deutsche Bundesbank ( email )

Wilhelm-Epstein-Str. 14
Frankfurt/Main, 60431
Germany

University of Bonn - Center for European Integration Studies (ZEI) ( email )

Regina-Pacis-Weg 3
Postfach 2220
D-53012 Bonn
Germany

HOME PAGE: http://www.uni-bonn.de/~guntram

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