The Effects of Data Transparency Policy Reforms on Emerging Market Sovereign Bond Spreads
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| Title: | The Effects of Data Transparency Policy Reforms on Emerging Market Sovereign Bond Spreads |
|---|---|
| Description: | We find that data transparency policy reforms, reflected in subscriptions to the IMF's Data Standards Initiatives (SDDS and GDDS), reduce the spreads of emerging market sovereign bonds. To overcome endogeneity issues regarding a country's decision to adopt such reforms, we first show that the reform decision is largely independent of its macroeconomic development. By using an event study, we find that subscriptions to the SDDS or GDDS leads to a 15 percent reduction in the spreads one year following such reforms. This finding is robust to various sensitivity tests, including careful consideration of the interdependence among the structural reforms. |
| Authors: | Choi, Sangyup, Hashimoto, Yuko |
| Resource Type: | eBook. |
| Subjects: | Transparencies |
| Categories: | PHOTOGRAPHY / General |
| Database: | eBook Collection (EBSCOhost) |
| FullText | Links: – Type: ebook-pdf Text: Availability: 0 |
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| Items | – Name: Title Label: Title Group: Ti Data: The Effects of Data Transparency Policy Reforms on Emerging Market Sovereign Bond Spreads – Name: Abstract Label: Description Group: Ab Data: We find that data transparency policy reforms, reflected in subscriptions to the IMF's Data Standards Initiatives (SDDS and GDDS), reduce the spreads of emerging market sovereign bonds. To overcome endogeneity issues regarding a country's decision to adopt such reforms, we first show that the reform decision is largely independent of its macroeconomic development. By using an event study, we find that subscriptions to the SDDS or GDDS leads to a 15 percent reduction in the spreads one year following such reforms. This finding is robust to various sensitivity tests, including careful consideration of the interdependence among the structural reforms. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Choi%2C+Sangyup%22">Choi, Sangyup</searchLink><br /><searchLink fieldCode="AR" term="%22Hashimoto%2C+Yuko%22">Hashimoto, Yuko</searchLink> – Name: TypePub Label: Resource Type Group: TypPub Data: eBook. – Name: Subject Label: Subjects Group: Su Data: <searchLink fieldCode="DE" term="%22Transparencies%22">Transparencies</searchLink> – Name: SubjectBISAC Label: Categories Group: Su Data: <searchLink fieldCode="ZK" term="%22PHOTOGRAPHY+%2F+General%22">PHOTOGRAPHY / General</searchLink> |
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| RecordInfo | BibRecord: BibEntity: Classifications: – Code: 778.2 Scheme: ddc Type: prePub Languages: – Code: eng Text: English Subjects: – SubjectFull: Transparencies Type: general Titles: – TitleFull: The Effects of Data Transparency Policy Reforms on Emerging Market Sovereign Bond Spreads Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Choi, Sangyup – PersonEntity: Name: NameFull: Hashimoto, Yuko – PersonEntity: Name: NameFull: Choi, Sangyup – PersonEntity: Name: NameFull: Hashimoto, Yuko IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 01 Type: published Y: 2017 – D: 09 M: 10 Type: profile Y: 2018 Identifiers: – Type: isbn-print Value: 9781475589603 – Type: isbn-electronic Value: 9781475590005 Titles: – TitleFull: The Effects of Data Transparency Policy Reforms on Emerging Market Sovereign Bond Spreads Type: main |
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