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010   $a9786613823779
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035   $a(EBL)3014424
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035   $a(IMF)WPIEE2006078
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100   $a20020129d2006      uf             0
101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 10$aSovereign Borrowing Cost and the IMF?s Data Standards Initiatives /$fJohn Cady, Anthony Pellechio
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (26 p.)
225 1 $aIMF Working Papers
300   $a"March 2006."
311   $a1-4518-6338-1 
320   $aIncludes bibliographical references: (p. 23-24).
327   $a""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""
330 3 $aThe effects of the IMF's data standards initiatives on sovereign borrowing costs in private capital markets are investigated for 26 emerging market and developing countries. Stable and significant panel econometric estimates indicate that subscription to the Special Data Dissemination Standard (SDDS) reduces launch spreads by an average of 20 percent while participation in the General Data Dissemination System (GDDS) reduces spreads for those countries with access to capital markets by an average of 8 percent. These estimates correspond to discounts of some 50 and 20 basis points, respectively. Evidence of similar discounts is also found when launch yields are analyzed.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/078
606   $aCapital market
606   $aDebts, Public
606   $aDisclosure of information
606   $aEconomic indicators$xStandards
606   $aFinance$vStatistics$xStandards
606   $aMoney and Monetary Policy$2imf
606   $aStatistics$2imf
606   $aData Transmission Systems$2imf
606   $aMethodology for Collecting, Estimating, and Organizing Macroeconomic Data$2imf
606   $aData Access$2imf
606   $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf
606   $aData Collection and Data Estimation Methodology$2imf
606   $aComputer Programs: Other$2imf
606   $aData capture & analysis$2imf
606   $aMonetary economics$2imf
606   $aEconometrics & economic statistics$2imf
606   $aSpecial Data Dissemination Standard (SDDS)$2imf
606   $aCredit ratings$2imf
606   $aData dissemination$2imf
606   $aFinancial statistics$2imf
606   $aData transmission systems$2imf
606   $aFinance$2imf
607   $aCosta Rica$2imf
615  0$aCapital market.
615  0$aDebts, Public.
615  0$aDisclosure of information.
615  0$aEconomic indicators$xStandards.
615  0$aFinance$xStandards.
615  7$aMoney and Monetary Policy
615  7$aStatistics
615  7$aData Transmission Systems
615  7$aMethodology for Collecting, Estimating, and Organizing Macroeconomic Data
615  7$aData Access
615  7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General
615  7$aData Collection and Data Estimation Methodology
615  7$aComputer Programs: Other
615  7$aData capture & analysis
615  7$aMonetary economics
615  7$aEconometrics & economic statistics
615  7$aSpecial Data Dissemination Standard (SDDS)
615  7$aCredit ratings
615  7$aData dissemination
615  7$aFinancial statistics
615  7$aData transmission systems
615  7$aFinance
700   $aCady$b John$01546572
701   $aPellechio$b Anthony$01546573
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788413403321
996   $aSovereign Borrowing Cost and the IMF?s Data Standards Initiatives$93802270
997   $aUNINA