IMF research examines links between governance and stress events

International Monetary Fund headquarters

A working paper released by the International Monetary Fund (IMF) in May studies the link between national governance and the occurrence and impact of economic stress events.

Authors Carlos Caceres and Anna Kochanova write that weaker governance quality is associated with "a higher incidence of both fiscal and political stress events".

The authors write that "internal accountability", which measures the "responsiveness" of governments to improving the quality of the bureaucracy, has a "positive"

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