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This article presents event studies that find a significant effect on dollar bond yield spreads when rating agencies put emerging-market sovereign bonds on review with negative outlook. The finding has two conditional implications. If rating agencies can be turned from late into early warning...
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The global economy continues to show an upward trend - albeit at a slower pace - for the eighth year running, although performance differs considerably from country to country. What is the outlook for 1990 as a whole?
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