 | Who Benefits from Capital Account Liberalization? Evidence from Firm-Level Credit Ratings Data Author/Editor: Martin Schindler, Patricio Valenzuela, Alessandro Prati. Release Date:September, 2009 We provide new firm-level evidence on the effects of capital account liberalization. Based on corporate foreign-currency credit ratings data and a novel capital account restrictions index, we find more...
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| Debt Sustainability under Catastrophic Risk: The Case for Government Budget Insurance Author/Editor: Eduardo A. Cavallo, Patricio Valenzuela, Eduardo Borensztein. Release Date:February, 2008 Natural disasters are an important source of vulnerability in the Caribbean region. Despite being one of the more disaster-prone areas of the world, it has one of the lowest levels of insurance more...
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| The Determinants of Corporate Risk in Emerging Markets: An Option-Adjusted Spread Analysis Author/Editor: Eduardo A. Cavallo, Patricio Valenzuela. Release Date:September, 2007 This study explores the determinants of corporate bond spreads in emerging markets economies. Using a largely unexploited dataset, the paper finds that corporate bond spreads are determined by more...
| Price: $18.00
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| Sovereign Ceilings "Lite"? the Impact of Sovereign Ratings on Corporate Ratings in Emerging Market Economies Author/Editor: Kevin Cowan, Patricio Valenzuela, Eduardo Borensztein. Release Date:April, 2007 Although credit rating agencies have gradually moved away from a policy of never rating a private borrower above the sovereign (the sovereign ceiling) it appears that sovereign ratings remain a more...
| Price: $18.00
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