Credit Rationing in Emerging Economies' Access to Global Capital Markets /
This paper tests empirically the theoretical prediction that the country premium paid by emerging economies on sovereign debt increases with the amount of debt up to a certain critical level, above which the supply of foreign funds becomes fixed. The results confirm this theoretical prediction. The...
| Prif Awdur: | |
|---|---|
| Fformat: | Cylchgrawn |
| Iaith: | English |
| Cyhoeddwyd: |
Washington, D.C. :
International Monetary Fund,
2004.
|
| Cyfres: | IMF Working Papers; Working Paper ;
No. 2004/070 |
| Mynediad Ar-lein: | Full text available on IMF |