04593oam 22010694 450 991082034440332120240410162607.01-4623-2761-31-4527-7436-61-283-51132-097866138237791-4519-0873-3(CKB)3360000000443372(EBL)3014424(SSID)ssj0000943066(PQKBManifestationID)11584482(PQKBTitleCode)TC0000943066(PQKBWorkID)10974708(PQKB)11008961(OCoLC)694141071(IMF)WPIEE2006078(MiAaPQ)EBC3014424(EXLCZ)99336000000044337220020129d2006 uf 0engurcn|||||||||txtccrSovereign Borrowing Cost and the IMF’s Data Standards Initiatives /John Cady, Anthony Pellechio1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (26 p.)IMF Working Papers"March 2006."1-4518-6338-1 Includes bibliographical references: (p. 23-24).""Contents""; ""I. INTRODUCTION""; ""II. BACKGROUND""; ""III. DATA AND EMPIRICAL APPROACH""; ""A. Sovereign Borrowing Cost Model""; ""B. Launch Spreads""; ""C. Launch Yields""; ""IV. CONCLUSIONS""; ""APPENDIX I. MAIN DATA SOURCES AND DESCRIPTION""; ""REFERENCES""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.IMF Working Papers; Working Paper ;No. 2006/078Capital marketDebts, PublicDisclosure of informationEconomic indicatorsStandardsFinanceStatisticsStandardsMoney and Monetary PolicyimfStatisticsimfData Transmission SystemsimfMethodology for Collecting, Estimating, and Organizing Macroeconomic DataimfData AccessimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfData Collection and Data Estimation MethodologyimfComputer Programs: OtherimfData capture & analysisimfMonetary economicsimfEconometrics & economic statisticsimfSpecial Data Dissemination Standard (SDDS)imfCredit ratingsimfData disseminationimfFinancial statisticsimfData transmission systemsimfFinanceimfCosta RicaimfCapital market.Debts, Public.Disclosure of information.Economic indicatorsStandards.FinanceStandards.Money and Monetary PolicyStatisticsData Transmission SystemsMethodology for Collecting, Estimating, and Organizing Macroeconomic DataData AccessMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralData Collection and Data Estimation MethodologyComputer Programs: OtherData capture & analysisMonetary economicsEconometrics & economic statisticsSpecial Data Dissemination Standard (SDDS)Credit ratingsData disseminationFinancial statisticsData transmission systemsFinanceCady John1662310Pellechio Anthony1601440DcWaIMFBOOK9910820344403321Sovereign Borrowing Cost and the IMF’s Data Standards Initiatives4039557UNINA