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The Company States Keep
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The Company States Keep : International Economic Organizations and Investor Perceptions

Book Details

Format Hardback or Cased Book
ISBN-10 1107030889
ISBN-13 9781107030886
Publisher Cambridge University Press
Imprint Cambridge University Press
Country of Manufacture GB
Country of Publication GB
Publication Date Oct 31st, 2013
Print length 250 Pages
Weight 540 grams
Dimensions 16.10 x 23.50 x 1.90 cms
Ksh 17,100.00
Manufactured on Demand 0 in stock

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This book argues that investor risk in emerging markets hinges on the company a country keeps. When a country joins 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.
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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