[DOWNLOAD] Emerging Markets and Financial Globalization: Sovereign Bond Spreads in 1870-1913 and Today






#2540700 in eBooks 2006-06-01 2006-05-08File Name: B000SMEXVCPDF # 1

'This meticulous and imaginative study represents a real breakthrough for our understanding of pre-First World War financial "globalization" ... essential reading for anyone who wants to understand how internationally integrated bond markets functioned in what is sometimes called (perhapsmisleadinThe frequency and virulence of recent financial crises have led to calls for reform of the current international financial architecture. In an effort to learn more about today's international financial environment, the authors turn to an earlier era of financial globalization between 1870 and 1913. By examining data on sovereign bonds issued by borrowing developing countries in this earlier period and in the present day, the authors are able to identify the characteristics of successful borrowe...


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