000 02765cam a22004214a 4500
001 2005027733
003 DLC
005 20151013135832.0
008 050923s2006 enka b 001 0 eng
010 _a 2005027733
020 _a0199272697 (alk. paper)
020 _a9780199272693
035 _a(OCoLC)ocm61748295
040 _aDLC
_cDLC
_dBAKER
_dBWKUK
_dDLC
050 0 0 _aHG3891.5
_b.M38 2006
082 0 0 _a336.3'43509034
_222
100 1 _aMauro, Paolo.
245 1 0 _aEmerging markets and financial globalization :
_bsovereign bond spreads in 1870-1913 and today /
_cPaolo Mauro, Nathan Sussman, Yishay Yafeh.
260 _aOxford ;
_aNew York :
_bOxford University Press,
_c2006.
300 _ax, 193 p. :
_bill. ;
_c23 cm.
504 _aIncludes bibliographical references (p. 174-182) and index.
505 0 _aInternational capital flows in the previous era of globalization : an overview and outline of the book and its objectives -- The London market for sovereign debt, 1870-1913 versus today's markets -- The determinants of the cost of capital : case study evidence -- News and sharp changes in bond spreads -- Spreads, news, and macroeconomics : a multivariate regression analysis -- Co-movement of spreads : fundamentals or investor behavior? -- Sovereign defaults and the corporation of foreign bondholders -- A few lessons for the future.
520 _aEmerging markets have become increasingly important for global international investors, and bond markets have been prone to frequent and virulent crises, leading to calls for possible reforms of the international financial architecture. The authors turn to an earlier era of financial globalization to identify the characteristics of successful borrowers in time past and then are able to show that global crises or contagion are a feature of the 1990s. The use of new qualitative and quantitative data, in order to better understand how problems of volatility and debt crises are dealt with in international financial markets.
590 _anmn 08/05/13
591 _aLoans
650 0 _aDebts, External
_zDeveloping countries.
650 0 _aDebts, External
_zDeveloping countries
_xHistory
_y19th century.
650 0 _aCapital movements.
650 0 _aCapital movements
_xHistory
_y19th century.
650 0 _aGlobalization.
650 0 _aGlobalization
_xHistory
_y19th century.
700 1 _aSussman, Nathan.
700 1 _aYafeh, Yishay.
856 4 1 _3Table of contents only
_uhttp://www.loc.gov/catdir/toc/ecip0519/2005027733.html
856 4 2 _3Publisher description
_uhttp://www.loc.gov/catdir/enhancements/fy0637/2005027733-d.html
856 4 2 _3Contributor biographical information
_uhttp://www.loc.gov/catdir/enhancements/fy0724/2005027733-b.html
942 _2ddc
_cBOOK
999 _c621
_d621