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Determinants of Government Debt Rating


Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description
For many years financial literature has identified the government bond yield as the risk free rate. Consequently it has been used as a reference point for various investments. However historical data that the risk is not reflected on the price of these securities. The increased globalization and the vast amount of information in the market have expanded the flow of capital between countries. In this framework the pricing correctly of the government bonds is of vital importance. The novel of the study is that it adds two new variables which have been not included in previous literature, the history of defaults and the corruption index. Analyses include data for 77 advanced and emerging economies for the period 1998-2009. Results show that the history of defaults and the corruption index do really matter when evaluating a government’s creditworthiness. The model is further used to estimate the default probabilities of default in the current Euro Sovereign Crisis.
Product Specifications
SKU :COC14293
AuthorAndi Maliqi
Number of Pages64
Publishing Year2012-08-10T00:00:00.000
Edition1 st
Book TypeInternational economics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-24 00:00:00