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Book Cover
E-book
Author Cady, John, 1955- author.

Title Does SDDS subscription reduce borrowing costs for emerging market economies? / prepared by John Cady
Published [Washington, D.C.] : International Monetary Fund, ©2004

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Description 1 online resource (13 pages) : illustrations
Series IMF working paper, 2227-8885 ; WP/04/58
IMF working paper ; WP/04/58.
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
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Loans -- Costs
Capital market.
Debts, External.
Debts, External
Capital market
Form Electronic book
Author International Monetary Fund. Statistics Department, issuing body.
ISBN 1451894732
9781451894738
128160271X
9781281602718
9781451847895
1451847890
ISSN 2227-8885