Series: IMF Working Papers
Author(s): Laura Jaramillo , and Michelle Tejada
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2011
Keywords: Rating Agencies, public debt, external public debt, standard deviation, external debt, standard errors, Financial Markets and the Macroeconomy, International Finance: General, International Lending and Debt Problems,
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...