Sovereign borrowing cost and the IMF's data standards initiatives / / prepared by John Cady and Anthony Pellechio

• Autore: Cady John
• Pubblicazione: [Washington, D.C.], : International Monetary Fund, Statistics Dept., 2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (26 p.)
• Soggetto topico: Capital market; Debts, Public; Disclosure of information; Economic indicators - Standards; Finance - Standards
• Altri autori: PellechioAnthony
• Note generali: "March 2006."
• Nota di bibliografia: Includes bibliographical references: (p. 23-24).
• Nota di contenuto: ""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""
• Sommario/riassunto: 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.
• Titolo autorizzato: Sovereign Borrowing Cost and the IMF’s Data Standards Initiatives
• ISBN: 1-4623-2761-3; 1-4527-7436-6; 1-283-51132-0; 9786613823779; 1-4519-0873-3
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910820344403321
• Lo trovi qui: Univ. Federico II
• Serie: IMF working paper ; ; WP/06/78.