01799cas a2200265 a 4500 AALejournalIMF008981 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451863383 1018-5941 BD-DhAAL BD-DhAAL Cady, John. Sovereign Borrowing Cost and the IMF's Data Standards Initiatives / John Cady, Anthony Pellechio. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (26 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 The effects of the IMF's data standards initiatives on sovereign borrowing costs in private capital markets are investigated for 26 emerging market and developing countries. Stable and significant panel econometric estimates indicate that subscription to the Special Data Dissemination Standard (SDDS) reduces launch spreads by an average of 20 percent while participation in the General Data Dissemination System (GDDS) reduces spreads for those countries with access to capital markets by an average of 8 percent. These estimates correspond to discounts of some 50 and 20 basis points, respectively. Evidence of similar discounts is also found when launch yields are analyzed. Mode of access: Internet Costa Rica imf Pellechio, Anthony. IMF Working Papers; Working Paper ; No. 2006/078 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/078/001.2006.issue-078-en.xml IMF e-Library