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Sovereign borrowing cost and the IMF's data standards initiatives /
The effects of the IMF's data standards initiatives on sovereign borrowing costs in private capital markets are investigated for 26 emerging market and developing countries. Stable and significant panel econometric estimates indicate that subscription to the Special Data Dissemination Standard...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund, Statistics Dept.,
2006.
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| Colección: | IMF working paper ;
WP/06/78. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | The effects of the IMF's data standards initiatives on sovereign borrowing costs in private capital markets are investigated for 26 emerging market and developing countries. Stable and significant panel econometric estimates indicate that subscription to the Special Data Dissemination Standard (SDDS) reduces launch spreads by an average of 20 percent while participation in the General Data Dissemination System (GDDS) reduces spreads for those countries with access to capital markets by an average of 8 percent. These estimates correspond to discounts of some 50 and 20 basis points, respectively. Evidence of similar discounts is also found when launch yields are analyzed. |
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| Descripción Física: | 1 online resource (24 pages) : illustrations |
| Bibliografía: | Includes bibliographical references (pages 23-24). |
| ISBN: | 1283511320 9781283511322 9781451908732 1451908733 1462327613 9781462327614 1452774366 9781452774367 9786613823779 6613823775 |
| ISSN: | 2227-8885 ; |