The Company States Keep : International Economic Organizations and Investor Perceptions
by
Julia Gray
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
Product Classification:
International relationsInternational trade and commerceTrade agreements
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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