Sovereign Borrowing Cost and the IMF's Data Standards Initiatives:
The effects of the IMF''s data standards initiatives on sovereign borrowing costs in private capital markets are investigated for 26 emerging market and developing countries. Stable and significant panel econometric estimates indicate that subscription to the Special Data Dissemination Sta...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2006
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Schriftenreihe: | IMF Working Papers
Working Paper No. 06/78 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | The effects of the IMF''s data standards initiatives on sovereign borrowing costs in private capital markets are investigated for 26 emerging market and developing countries. Stable and significant panel econometric estimates indicate that subscription to the Special Data Dissemination Standard (SDDS) reduces launch spreads by an average of 20 percent while participation in the General Data Dissemination System (GDDS) reduces spreads for those countries with access to capital markets by an average of 8 percent. These estimates correspond to discounts of some 50 and 20 basis points, respectively. Evidence of similar discounts is also found when launch yields are analyzed |
Beschreibung: | 1 Online-Ressource (26 p) |
ISBN: | 1451863381 9781451863383 |
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spelling | Cady, John Verfasser aut Sovereign Borrowing Cost and the IMF's Data Standards Initiatives Cady, John Washington, D.C International Monetary Fund 2006 1 Online-Ressource (26 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 06/78 The effects of the IMF''s data standards initiatives on sovereign borrowing costs in private capital markets are investigated for 26 emerging market and developing countries. Stable and significant panel econometric estimates indicate that subscription to the Special Data Dissemination Standard (SDDS) reduces launch spreads by an average of 20 percent while participation in the General Data Dissemination System (GDDS) reduces spreads for those countries with access to capital markets by an average of 8 percent. These estimates correspond to discounts of some 50 and 20 basis points, respectively. Evidence of similar discounts is also found when launch yields are analyzed Online-Ausg Pellechio, Anthony J. Sonstige oth http://elibrary.imf.org/view/IMF001/06356-9781451863383/06356-9781451863383/06356-9781451863383.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Cady, John Sovereign Borrowing Cost and the IMF's Data Standards Initiatives |
title | Sovereign Borrowing Cost and the IMF's Data Standards Initiatives |
title_auth | Sovereign Borrowing Cost and the IMF's Data Standards Initiatives |
title_exact_search | Sovereign Borrowing Cost and the IMF's Data Standards Initiatives |
title_exact_search_txtP | Sovereign Borrowing Cost and the IMF's Data Standards Initiatives |
title_full | Sovereign Borrowing Cost and the IMF's Data Standards Initiatives Cady, John |
title_fullStr | Sovereign Borrowing Cost and the IMF's Data Standards Initiatives Cady, John |
title_full_unstemmed | Sovereign Borrowing Cost and the IMF's Data Standards Initiatives Cady, John |
title_short | Sovereign Borrowing Cost and the IMF's Data Standards Initiatives |
title_sort | sovereign borrowing cost and the imf s data standards initiatives |
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