Glennerster, Rachel; Shin, Yongseok - In: IMF Staff Papers 55 (2008) 1, pp. 183-209
This paper studies whether transparency (measured by accuracy and frequency of macroeconomic information released to the public) leads to lower borrowing costs in sovereign bond markets. We analyze the data generated during 1999–2002 when the International Monetary Fund (IMF) instituted new...