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dc.contributor.authorMoretti, Lauraen
dc.date.accessioned2011-07-26-
dc.date.accessioned2012-04-20T17:09:24Z-
dc.date.available2012-04-20T17:09:24Z-
dc.date.issued2011-
dc.identifier.piurn:nbn:de:hebis:30-103350en
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
dc.language.isoengen
dc.publisher|aGoethe University Frankfurt, Center for Financial Studies (CFS) |cFrankfurt a. M.en
dc.relation.ispartofseries|aCFS Working Paper |x2011/14en
dc.subject.jelF33en
dc.subject.jelF34en
dc.subject.jelG15en
dc.subject.ddc330en
dc.subject.keywordSovereign Bond Marketsen
dc.subject.keywordTransparencyen
dc.subject.keywordEmerging Market Economiesen
dc.subject.stwÖffentliche Anleiheen
dc.subject.stwInvestor Relationsen
dc.subject.stwPublizitätspflichten
dc.subject.stwZinsen
dc.subject.stwRisikoprämieen
dc.subject.stwSchätzungen
dc.subject.stwSchwellenländeren
dc.titleTransparency and emerging market bond spreads-
dc.typeWorking Paperen
dc.identifier.ppn664802370en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cfswop:201114en

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