01528cas a2200241 a 4500 AALejournalIMF002970 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451847895 1018-5941 BD-DhAAL BD-DhAAL Cady, John. Does Sdds Subscription Reduce Borrowing Costs for Emerging Market Economies / John Cady. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (14 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 Does macroeconomic data transparency-as signaled by subscription to the IMF's Special Data Dissemination Standard (SDDS)-help reduce borrowing costs in private capital markets? This question is examined using detailed data on new issues of sovereign foreign currency-denominated (U.S. dollar, yen, and euro) bonds for several emerging market economies. Panel econometric estimates indicate that spreads on new bond issues declined by about 75 basis points following SDDS subscription. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2004/058 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/058/001.2004.issue-058-en.xml IMF e-Library