Predicting discounts of secondary market sovereign debts/
By: McMiken, Evanor D.
Series: Vol. 22 No. 1 First Sem 1995.Description: p.89.Subject(s): Debt crisis - Philippines | PIDS JPD 1995Online resources: Click here to access online In: Journal of Philippine DevelopmentSummary: This paper assesses the Institutional Investor Country Risk Rating (IICR) to analyze whether secondary market prices are reliable indicators of debt values. It starts with the conviction that the rating scores are reasonable measure of banker's perceptions of the country's creditworthiness. Regression results indicate illiquidity of the secondary market.No physical items for this record
This paper assesses the Institutional Investor Country Risk Rating (IICR) to analyze whether secondary market prices are reliable indicators of debt values. It starts with the conviction that the rating scores are reasonable measure of banker's perceptions of the country's creditworthiness. Regression results indicate illiquidity of the secondary market.