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|c 5.00 USD
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|z 9781451962475
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Keller, Sonja.
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|a International Pricing of Emerging Market Corporate Debt :
|b Does the Corporate Matter? /
|c Sonja Keller, Ashoka Mody.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2010.
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|a 1 online resource (38 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a We examine risk spreads charged on corporate bonds placed by emerging market borrowers on international exchanges. While global developments have an important effect on spreads, changes in firm-level default risk also matter significantly in a way consistent with theory and experience in mature markets. In contrast, except during periods of financial crisis, country factors play a limited role. These findings go against the supposition that limited information on emerging market firms or significant agency problems prevent firm-level credit discrimination by international investors. The firm-level information capitalization into spreads possibly reflects protection afforded by the exchange listing on international markets.
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|a Mode of access: Internet
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|a Mody, Ashoka.
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|a IMF Working Papers; Working Paper ;
|v No. 2010/026
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2010/026/001.2010.issue-026-en.xml
|z IMF e-Library
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