Sovereign Credit Ratings and Spreads in Emerging Markets : Does Investment Grade Matter? /
Sovereign investment grade status is often associated with lower spreads in international markets. Using a panel framework for 35 emerging markets between 1997 and 2010, thispaper finds that investment grade status reduces spreads by 36 percent, above and beyond what is implied by macroeconomic fund...
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| 格式: | 杂志 |
| 语言: | English |
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Washington, D.C. :
International Monetary Fund,
2011.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2011/044 |
| 在线阅读: | Full text available on IMF |