1.

Record Nr.

UNINA9910787768503321

Autore

Gray Julia <1974->

Titolo

The Company States Keep : International economic organizations and investor perceptions / / Julia Gray, University of Pennsylvania [[electronic resource]]

Pubbl/distr/stampa

Cambridge : , : Cambridge University Press, , 2013

ISBN

1-139-89228-2

1-107-42435-6

1-107-42241-8

1-107-41933-6

1-107-41667-1

1-107-42053-9

1-139-34441-2

Descrizione fisica

1 online resource (xiv, 234 pages) : digital, PDF file(s)

Disciplina

336.3/435091724

Soggetti

Debts, Public - Developing countries

International agencies

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Introduction: the company you keep -- International institutions and sovereign risk -- The company you keep in comparative perspective -- The effects of Good Company -- When emerging markets join up with Bad Company -- How risk for core members changes on IO expansion -- Conclusion.

Sommario/riassunto

This book argues that investor risk in emerging markets hinges on the company a country keeps. When a country signs on to an economic agreement with states that are widely known to be stable, it looks less risky. Conversely, when a country joins a group with more unstable members, it looks more risky. Investors use the company a country keeps as a heuristic in evaluating that country's willingness to honor its sovereign debt obligations. This has important implications for the study of international cooperation as well as of sovereign risk and credibility at the domestic level.