01872cas a2200313 a 4500 AALejournalIMF002378 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451843781 1018-5941 BD-DhAAL BD-DhAAL Stone, Mark. On the Information Content of Ldc Secondary Loan Market Prices / Mark Stone. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (18 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This note examines the impact of measurable and unmeasurable (not correlated with observed aggregates) information on secondary market LDC loan prices. The Institutional Investor country risk ratings are used to construct a proxy for the non-quantifiable information that moves debt market values. Regression results indicate that market participants use both macroeconomic aggregates and unmeasurable information to price LDC loans. This implies that price changes unrelated to observables need not raise concerns regarding price reliability, and, in fact, such price movements may well be conveying important information not quantified elsewhere. Mode of access: Internet Loan Price Movement imf Market Value imf Price imf Risk Rating imf WP imf Costa Rica imf IMF Working Papers; Working Paper ; No. 1991/020 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/020/001.1991.issue-020-en.xml IMF e-Library