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Emerging Market Instability : Do Sovereign Ratings Affect Country Risk and Stock Returns ?
| Content Provider | Semantic Scholar |
|---|---|
| Author | Kaminsky, Graciela Laura Schmukler, Sergio L. |
| Copyright Year | 1997 |
| Abstract | Graciela Kaminsky is with George Washington University. Her e-mail address is graciela@gwu.edu. Sergio Schmukler is with the Development Research Group at the World Bank. His e-mail address is sschmukler@worldbank.org. We are grateful to Eduardo Borensztein, François Bourguignon, Hali Edison, Cam Harvey, Richard Levich, Rick Mishkin, Carmen Reinhart, three anonymous referees, and two members of the World Bank Economic Review editorial board, as well as participants at the New York University and University of Maryland World Bank conferences and workshops for helpful comments and suggestions. We thank Gloria Alonso, Tatiana Didier, and Chris van Klaveren for excellent research assistance. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors and do not necessarily represent the views of the World Bank. 1. See, for example, Calvo and Mendoza (2000). This argument has provided ammunition to those who have supported the reintroduction of capital controls, including Krugman (1998) and Stiglitz (2000). Emerging Market Instability: Do Sovereign Ratings Affect Country Risk and Stock Returns? |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://econ.worldbank.org/files/36681_Kaminsky_Schmukler.pdf |
| Alternate Webpage(s) | http://documents.worldbank.org/curated/en/510191468335456127/pdf/773870JRN020020g0Market0Instability.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
