Hidden Bibliographic Details
| Other authors / contributors: | IMF Institute.
International Monetary Fund.
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| ISBN: | 1281398306
9781281398307
9781451895704
1451895704
1462319726
9781462319725
1452797684
9781452797687
9786613780133
6613780138
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| Digital file characteristics: | text file
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| Notes: | Includes bibliographical references (pages 26-29).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
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
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper tests empirically the theoretical prediction that the country premium paid by emerging economies on sovereign debt increases with the amount of debt up to a certain critical level, above which the supply of foreign funds becomes fixed. The results confirm this theoretical prediction. The approach developed in the paper is also used to test for the presence of moral hazard in international lending. The results indicate significant changes in the supply of funds curve consistent with the presence of moral hazard in the period immediately following the Mexican rescue operation, but not after the Russian non-bailout.
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| Other form: | Print version: Zoli, Edda. Credit rationing in emerging economies' access to global capital markets. [Washington D.C.] : International Monetary Fund, IMF Institute, 2004
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| Standard no.: | 10.5089/9781451895704.001
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