Mauro, Paolo.

Emerging markets and financial globalization : sovereign bond spreads in 1870-1913 and today / Paolo Mauro, Nathan Sussman, Yishay Yafeh. - Oxford ; New York : Oxford University Press, 2006. - x, 193 p. : ill. ; 23 cm.

Includes bibliographical references (p. 174-182) and index.

International capital flows in the previous era of globalization : an overview and outline of the book and its objectives -- The London market for sovereign debt, 1870-1913 versus today's markets -- The determinants of the cost of capital : case study evidence -- News and sharp changes in bond spreads -- Spreads, news, and macroeconomics : a multivariate regression analysis -- Co-movement of spreads : fundamentals or investor behavior? -- Sovereign defaults and the corporation of foreign bondholders -- A few lessons for the future.

0199272697 (alk. paper) 9780199272693


Debts, External--Developing countries.
Debts, External--History--Developing countries--19th century.
Capital movements--History--19th century.
Globalization--History--19th century.
Capital movements.
Globalization.

HG3891.5 / .M38 2006

336.3/43509034

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