Investor Sentiment, Sovereign Debt Mispricing, and Economic Outcomes /

We find that countries which are able to borrow at spreads that seem low given fundamentals (for example because investors take a bullish view on a country's future), are more likely to develop economic difficulties later on. We obtain this result through a two-stage procedure, where a first re...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Al Amine, Ramzy
Awduron Eraill: Willems, Tim
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2020.
Cyfres:IMF Working Papers; Working Paper ; No. 2020/166
Mynediad Ar-lein:Full text available on IMF