Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund.
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| ISBN: | 1283514850
9781283514859
145191153X
9781451911534
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| Notes: | Includes bibliographical references (pages 17-19).
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
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | The paper analyzes the factors that contribute to the re-access of countries that emerge from a severe financial crisis to the international capital markets. It conjectures that these factors depend on a sovereign's commitment and ability to repay its foreign debt, signaled by sound macroeconomic policies, and the global liquidity environment. Using panel data for 49 countries over a 24-year period, the analysis uses a simple probit approach to show that, indeed, a sustainable debt profile and a sound external position, accompanied by a favorable global liquidity environment, are key factors in affecting the likelihood a sovereign reaccesses international capital markets.
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| Other form: | Print version: Zanforlin, L. Re-accessing international capital markets after financial crises. [Washington, D.C.?] : International Monetary Fund, ©2007
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| Standard no.: | 10.5089/9781451911534.001
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