The company states keep: international economic organizations and investor perceptions Gray, Julia
Material type: TextPublication details: Cambridge Cambridge University Press 2013Description: xiv, 234 pISBN:- 9781107566828
- 336.3435091724 G7C6
Item type | Current library | Collection | Call number | Status | Date due | Barcode | Item holds | |
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Book | Ahmedabad | Non-fiction | 336.3435091724 G7C6 (Browse shelf(Opens below)) | Available | 193876 |
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336.3435091724 G7C6 The company states keep: international economic organizations and investor perceptions | 336.34350954 K4I6 India and the World bank: the politics of aid and influence |
This book argues that investor risk in emerging markets hinges on the company a country keeps. When a country signs on to an economic agreement with states that are widely known to be stable, it looks less risky. Conversely, when a country joins a group with more unstable members, it looks more risky. Investors use the company a country keeps as a heuristic in evaluating that country's willingness to honor its sovereign debt obligations. This has important implications for the study of international cooperation as well as of sovereign risk and credibility at the domestic level.
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