How Does Public External Debt Affect Corporate Borrowing Costs In Emerging Markets? /
Using data on syndicated loan issuances by emerging market firms, we find that an increase in the external debt of emerging market governments significantly raises the borrowing costs of the domestic corporate sector. This finding suggests that a higher level of public external debt "crowds out...
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| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
2009.
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| סדרה: | IMF Working Papers; Working Paper ;
No. 2009/266 |
| גישה מקוונת: | Full text available on IMF |