LEADER 05107oam  22011894  450 
001 9910816281203321
005 20240410162931.0
010   $a1-4623-8612-1
010   $a1-4519-8632-7
010   $a1-283-51530-X
010   $a1-4519-9398-6
010   $a9786613827753
035   $a(CKB)3360000000443703
035   $a(EBL)3014546
035   $a(SSID)ssj0000939889
035   $a(PQKBManifestationID)11523024
035   $a(PQKBTitleCode)TC0000939889
035   $a(PQKBWorkID)10946526
035   $a(PQKB)10484700
035   $a(OCoLC)694141253
035   $a(MiAaPQ)EBC3014546
035   $a(IMF)WPIEE2006205
035   $a(EXLCZ)993360000000443703
100   $a20020129d2006      uf         0
101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 14$aThe External Financing of Emerging Market Countries : $eEvidence from Two Waves of Financial Globalization /$fAleksandar Zaklan, Paolo Mauro, Martín Minnoni, Andre Faria
205   $a1st ed.
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (50 p.)
225 1 $aIMF Working Papers
300   $a"September 2006."
311   $a1-4518-6465-5 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. MOTIVATION""; ""II. METHODOLOGY, EMPIRICAL ANALYSIS, AND RESULTS""; ""III. INTERPRETATION AND CONCLUSIONS""; ""APPENDIX: DATA DESCRIPTION""; ""REFERENCES""
330 3 $aWe trace the history of where and why investors from the most advanced countries directed funds, ultimately helping finance economic development in emerging market countries. To do this, we analyze the determinants of international investors' willingness to hold the external liabilities issued by emerging market countries, through cross-country regressions for both prices (bond spreads) and quantities (bond market capitalization or stocks of external liabilities) estimated at various points during two waves of financial globalization (1870-1913 and the present time). The data are drawn from primary sources for the historical period, and the much-expanded, new vintage of the Lane and Milesi-Ferretti (2006) data set for the modern period. The results suggest that, throughout the past one and a half centuries, a combination of human capital (including informal human capital) and institutional quality has been a key determinant of emerging market countries' ability to attract international investors.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/205
606   $aInvestments, Foreign$zDeveloping countries
606   $aCapital movements$zDeveloping countries
606   $aBanks and Banking$2imf
606   $aFinance: General$2imf
606   $aInvestments: Bonds$2imf
606   $aInvestments: Stocks$2imf
606   $aDemography$2imf
606   $aGeneral Financial Markets: General (includes Measurement and Data)$2imf
606   $aDemographic Economics: General$2imf
606   $aInterest Rates: Determination, Term Structure, and Effects$2imf
606   $aPension Funds$2imf
606   $aNon-bank Financial Institutions$2imf
606   $aFinancial Instruments$2imf
606   $aInstitutional Investors$2imf
606   $aInvestment & securities$2imf
606   $aFinance$2imf
606   $aPopulation & demography$2imf
606   $aPopulation and demographics$2imf
606   $aBond yields$2imf
606   $aYield curve$2imf
606   $aEmerging and frontier financial markets$2imf
606   $aStocks$2imf
606   $aPopulation$2imf
606   $aBonds$2imf
606   $aInterest rates$2imf
606   $aFinancial services industry$2imf
607   $aUnited Kingdom$2imf
615  0$aInvestments, Foreign
615  0$aCapital movements
615  7$aBanks and Banking
615  7$aFinance: General
615  7$aInvestments: Bonds
615  7$aInvestments: Stocks
615  7$aDemography
615  7$aGeneral Financial Markets: General (includes Measurement and Data)
615  7$aDemographic Economics: General
615  7$aInterest Rates: Determination, Term Structure, and Effects
615  7$aPension Funds
615  7$aNon-bank Financial Institutions
615  7$aFinancial Instruments
615  7$aInstitutional Investors
615  7$aInvestment & securities
615  7$aFinance
615  7$aPopulation & demography
615  7$aPopulation and demographics
615  7$aBond yields
615  7$aYield curve
615  7$aEmerging and frontier financial markets
615  7$aStocks
615  7$aPopulation
615  7$aBonds
615  7$aInterest rates
615  7$aFinancial services industry
700   $aZaklan$b Aleksandar$01722107
701   $aMauro$b Paolo$01630692
701   $aMinnoni$b Martín$01722108
701   $aFaria$b Andre$0857606
801  0$bDcWaIMF
906   $aBOOK
912   $a9910816281203321
996   $aThe External Financing of Emerging Market Countries$94122204
997   $aUNINA