Hidden Bibliographic Details
| Other authors / contributors: | Sahay, Ratna, author.
Sandleris, Guido, author.
International Monetary Fund. Western Hemisphere Department, issuing body.
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| ISBN: | 128351656X
9781283516563
9781451919868
1451919867
9781451875263
1451875266
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| ISSN: | 2227-8885
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| Notes: | Includes bibliographical references.
Restrictions unspecified
Electronic reproduction. [S.l.] : 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: | Annotation What determines the ability of governments from developing countries to access international credit markets? We examine this question using detailed data on sovereign bond issuances and public syndicated bank loans since 1982. We find that traditional measures of a countrys links with the rest of the world (such as trade openness) and traditional liquidity and macroeconomic indicators do not help much in explaining market access. However, a countrys vulnerability to shocks and the perceived quality of its policies and institutions appear to be important determinants of its governments ability to tap the markets. We are unable to detect strong punishment of defaulting countries by credit markets.
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| Other form: | Print version: Gelos, Gaston. Sovereign borrowing by developing countries. [Washington, D.C.] : International Monetary Fund, ©2004
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| Standard no.: | 10.5089/9781451919868.001
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