Sovereign borrowing by developing countries : what determines market access? /

Sovereign borrowing by developing countries : what determines market access? /

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Bibliographic Details
Author / Creator:	Gelos, Gaston, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2004.
Description:	1 online resource (41 pages).
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/04/221 IMF working paper ; WP/04/221.
Subject:	Debts, External -- Developing countries. Loans, Foreign -- Developing countries. Capital market -- Developing countries. Capital market. Debts, External. Loans, Foreign. Developing countries. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12496453

Hidden Bibliographic Details
Other authors / contributors:	Sahay, Ratna, author. Sandleris, Guido, author. International Monetary Fund. Western Hemisphere Department, issuing body.
ISBN:	128351656X 9781283516563 9781451919868 1451919867 9781451875263 1451875266
ISSN:	2227-8885
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.
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.
Other form:	Print version: Gelos, Gaston. Sovereign borrowing by developing countries. [Washington, D.C.] : International Monetary Fund, ©2004
Standard no.:	10.5089/9781451919868.001

Description
Physical Description:	1 online resource (41 pages).
Format:	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.
Bibliography:	Includes bibliographical references.
ISBN:	128351656X 9781283516563 9781451919868 1451919867 9781451875263 1451875266
ISSN:	2227-8885 2227-8885 ;