Predicting Discounts of Secondary Market Sovereign Debts

Palac-McMiken, Evanor D. Author_Email:

Philippine Journal of Development, 1995

Abstract: 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.

Keywords: risk (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:phd:pjdevt:jpd_1995_vol__xxii_no__1-c

DOI: 10.62986/pjd1995.22.1c

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