Is Transparency Good for You, and Can the IMF Help?

Is Transparency Good for You, and Can the IMF Help?
This paper finds that reforms introduced by the IMF to promote transparency have created more informed markets and reduced borrowing costs for those emerging market countries that volunteered for them. Using a quarterly panel estimation with fixed country effects, we find that sovereign spreads fall following the adoption of three different READ MORE...

Publication date: June 2003
ISBN 9781451855401
$15.00

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