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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Bibliografiske detaljer
Hovedforfatter: Jaramillo, Laura
Andre forfattere: Tejada, Michelle
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2011.
Serier:IMF Working Papers; Working Paper ; No. 2011/044
Online adgang:Full text available on IMF