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EconStor >
Goethe-Universität Frankfurt am Main >
Center for Financial Studies (CFS), Universität Frankfurt a. M. >
CFS Working Paper Series, Universität Frankfurt a. M. >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/57362
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Moretti, Laura | | en_US |
| dc.date.accessioned | | 2011-07-26 | | en_US |
| dc.date.accessioned | | 2012-04-20T17:09:24Z | | - |
| dc.date.available | | 2012-04-20T17:09:24Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.pi | | urn:nbn:de:hebis:30-103350 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/57362 | | - |
| dc.description.abstract | | I investigate the effect of transparency on the borrowing costs of Emerging Markets Economies. Transparency is measured by whether or not the countries publish the IMF Article IV Staff report and the Reports on the Observance of Standards and Codes (ROSC). Using difference-in-difference estimation, I study the effect on the sovereign credit spreads for 18 Emerging Market Economies over the period 1999-2007. I show that the effect of publishing the Article IV reports is negligible while publishing the ROSC matters, leading to a reduction in the spreads of over 15% in the samples 1999-2006 and 1999-2007. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Center for Financial Studies Frankfurt, Main | | en_US |
| dc.relation.ispartofseries | | CFS Working Paper 2011/14 | | en_US |
| dc.subject.jel | | F33 | | en_US |
| dc.subject.jel | | F34 | | en_US |
| dc.subject.jel | | G15 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Sovereign Bond Markets | | en_US |
| dc.subject.keyword | | Transparency | | en_US |
| dc.subject.keyword | | Emerging Market Economies | | en_US |
| dc.subject.stw | | Öffentliche Anleihe | | en_US |
| dc.subject.stw | | Investor Relations | | en_US |
| dc.subject.stw | | Publizitätspflicht | | en_US |
| dc.subject.stw | | Zins | | en_US |
| dc.subject.stw | | Risikoprämie | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | Schwellenländer | | en_US |
| dc.title | | Transparency and emerging market bond spreads | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 664802370 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| dc.identifier.repec | | RePEc:zbw:cfswop:201114 | | - |
| Appears in Collections: | | CFS Working Paper Series, Universität Frankfurt a. M.
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