The shadow economy: a relevant factor for investment decisions in selected European Union countries

The estimation of sovereign risk indicators has a key role for the investment decisions. We were witnesses of inaccurate ratings before the last economic crisis, which altered significantly the results expected by many investors. Thus, we propose an improved rating estimation justifying the insertio...

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Bibliographic Details
Main Authors: Miroslava Kostova Karaboytcheva, Carolina Silva Cassorla
Format: Article
Language:English
Published: Institute of Public Finance 2015-09-01
Series:Financial Theory and Practice
Subjects:
Online Access: http://fintp.ijf.hr/upload/files/ftp/2015/3/kostova.pdf