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dc.contributor.authorMoretti, Lauraen_US
dc.date.accessioned2011-07-26en_US
dc.date.accessioned2012-04-20T17:09:24Z-
dc.date.available2012-04-20T17:09:24Z-
dc.date.issued2011en_US
dc.identifier.piurn:nbn:de:hebis:30-103350en_US
dc.identifier.urihttp://hdl.handle.net/10419/57362-
dc.description.abstractI 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.isoengen_US
dc.publisherCenter for Financial Studies Frankfurt, Mainen_US
dc.relation.ispartofseriesCFS Working Paper 2011/14en_US
dc.subject.jelF33en_US
dc.subject.jelF34en_US
dc.subject.jelG15en_US
dc.subject.ddc330en_US
dc.subject.keywordSovereign Bond Marketsen_US
dc.subject.keywordTransparencyen_US
dc.subject.keywordEmerging Market Economiesen_US
dc.subject.stwÖffentliche Anleiheen_US
dc.subject.stwInvestor Relationsen_US
dc.subject.stwPublizitätspflichten_US
dc.subject.stwZinsen_US
dc.subject.stwRisikoprämieen_US
dc.subject.stwSchätzungen_US
dc.subject.stwSchwellenländeren_US
dc.titleTransparency and emerging market bond spreadsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn664802370en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:cfswop:201114-
Appears in Collections:CFS Working Paper Series, Universität Frankfurt a. M.

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