This paper examines the influence of sovereign credit ratings and relative risk ratings on private capital flows to 26 emerging and frontier market economies, using quarterly data for 1998-2017. A dynamic panel regression model is used to estimate the relationship between ratings and capital flows after controlling for other factors that can influence capital flows, such as growth and interest rate differentials and global risk conditions. The analysis...
Voir la suite
INFORMATION
-
2020/09/17
-
Document de travail de recherche sur les politiques
-
WPS9401
-
1
-
1
-
2020/09/17
-
Disclosed
-
Sovereign Credit Ratings, Relative Risk Ratings, and Private Capital Flows
-
sovereign rating