01754cas a2200241 a 4500 AALejournalIMF009329 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451867008 1018-5941 BD-DhAAL BD-DhAAL Zanforlin, Luisa. Re-Accessing International Capital Markets After Financial Crises : Some Empirical Evidence / Luisa Zanforlin. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (20 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 paper analyzes the factors that contribute to the re-access of countries that emerge from a severe financial crisis to the international capital markets. It conjectures that these factors depend on a sovereign's commitment and ability to repay its foreign debt, signaled by sound macroeconomic policies, and the global liquidity environment. Using panel data for 49 countries over a 24-year period, the analysis uses a simple probit approach to show that, indeed, a sustainable debt profile and a sound external position, accompanied by a favorable global liquidity environment, are key factors in affecting the likelihood a sovereign reaccesses international capital markets. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2007/136 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/136/001.2007.issue-136-en.xml IMF e-Library