Description |
1 online resource (13 pages) : illustrations |
Series |
IMF working paper, 2227-8885 ; WP/04/58 |
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IMF working paper ; WP/04/58.
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Contents |
""Contents""; ""I. INTRODUCTION""; ""II. DATA AND ESTIMATION METHODOLOGY""; ""III. ESTIMATION RESULTS""; ""IV. CONCLUSIONS""; ""References"" |
Summary |
Does macroeconomic data transparency-as signaled by subscription to the IMF's Special Data Dissemination Standard (SDDS)-help reduce borrowing costs in private capital markets? This question is examined using detailed data on new issues of sovereign foreign currency-denominated (U.S. dollar, yen, and euro) bonds for several emerging market economies. Panel econometric estimates indicate that spreads on new bond issues declined by about 75 basis points following SDDS subscription |
Bibliography |
Includes bibliographical references (page 13) |
Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
Subject |
Loans -- Costs
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Capital market.
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Debts, External.
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Debts, External
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Capital market
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Form |
Electronic book
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Author |
International Monetary Fund. Statistics Department, issuing body.
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ISBN |
1451894732 |
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9781451894738 |
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128160271X |
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9781281602718 |
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9781451847895 |
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1451847890 |
ISSN |
2227-8885 |
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