My Library

University LibraryCatalogue

Limit search to items available for borrowing or consultation
Record 22 of 30
Result Page: Previous Next
Can't find that book? Try BONUS+
Look for full text

Search Discovery

Search CARM Centre Catalogue

Search Trove

Add record to RefWorks

Author Gelos, R.

Title Sovereign Borrowing by Developing Countries [electronic resource] : What Determines Market Access? / R. Gelos.

Published Washington, D.C. : International Monetary Fund, 2004.


Location Call No. Status
Physical description 1 online resource (42 p.)
Series IMF Working Papers; Working Paper ; No. 04/221
IMF Working Papers; Working Paper ; No. 04/221
Summary 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 country's 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 country's vulnerability to shocks and the perceived quality of its policies and institutions appear to be important determinants of its government's ability to tap the markets. We are unable to detect strong punishment of defaulting countries by credit markets.
Notes Description based on print version record.
Other author Gelos, R.
Sahay, Ratna.
Sandleris, Guido.
Subject Capital Flows
Capital Market
Credit Markets
Market Access
Private Capital Flows
Syndicated Bank Loans
ISBN 1451875266 : 15.00 USD
ISSN 1018-5941
Standard Number 10.5089/9781451875263.001