The Cost of Private Debt Over the Credit Cycle

The Cost of Private Debt Over the Credit Cycle
We identify global and regional fluctuations in international private debt flows to emerging and developing countries using data on cross border loans and international bond issuance over 1993 -2009. We estimate the effects of individual borrower characteristics as well as macroeconomic conditions on the cost of foreign borrowing and test... READ MORE...

Publication date: December 2010
ISBN 9781455210909
$18.00

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