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Sovereign credit spreads under good/bad governance
16 references·3 citing·46 second hop
Sovereign credit spreads under good/bad governance (2018)Sovereign credit spreads under good/bad g…A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk (2014)A Pyrrhic Victory? Bank Bailo…How Sovereign Is Sovereign Credit Risk? (2011)How Sovereign Is Sovereign Cr…This time is different: eight centuries of financial folly (2010)This time is different: eight…The Worldwide Governance Indicators: Methodology and Analytical Issues (2010)The Worldwide Governance Indi…This Time Is Different (2009)This Time Is DifferentEstimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Estimating Standard Errors in…Default Risk and Income Fluctuations in Emerging Economies (2007)Default Risk and Income Fluct…Eight Questions about Corruption (2005)Eight Questions about Corrupt…Courts (2003)CourtsThe quality of government (1999)The quality of governmentAfrica's Growth Tragedy: Policies and Ethnic Divisions (1997)Africa's Growth Tragedy: Poli…Is public expenditure productive? 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(2015)How Connected is the Global S…Credit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises, 1870–2008 (2012)The European Sovereign Debt Crisis (2012)Populism and the economics of globalization (2018)Systemic Banking Crises Database II (2020)On the mechanics of economic development (1988)Economic Growth in a Cross Section of Countries (1991)The Colonial Origins of Comparative Development: An Empirical Investigation (2001)The Colonial Origins of Comparative Development: An Empirical Investigation: Reply (2012)American Economic Review (2019)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)The Logic of Collective Action. (1966)Foundations of social theory (1990)Making democracy work: civic traditions in modern Italy (1993)Fractionalization (2003)Does Culture Affect Economic Outcomes? (2006)Output Effects of Government Purchases (1981)Trends and random walks in macroeconmic time series (1982)Government Spending in a Simple Model of Endogeneous Growth (1990)The composition of public expenditure and economic growth (1996)The Political Business Cycle (1975)The Optimal Degree of Commitment to an Intermediate Monetary Target (1985)Signaling Games and Stable Equilibria (1987)Incumbent Behavior: Vote Seeking, Tax Setting and Yardstick Competition (1992)Peasants or Bankers? The American Electorate and the U.S. Economy (1992)Voting for autocracy: hegemonic party survival and its demise in Mexico (2007)Corruption and Growth (1995)Law and Finance (1998)Are corruption and taxation really harmful to growth? Firm level evidence (2006)Political budget cycles: Do they differ across countries and why? (2006)The Fundamental Institutions of China's Reforms and Development (2011)Specification Tests in Econometrics (1978)Econometric Analysis of Cross Section and Panel Data (2001)Robust Standard Errors for Panel Regressions with Cross-Sectional Dependence (2007)Robust Inference With Multiway Clustering (2011)Policy Uncertainty and Corporate Investment (2015)Bank competition and financial stability in Asia Pacific (2013)Importance and vulnerability of the world’s water towers (2019)The impact of digital economy on energy transition across the globe: The mediating role of government governance (2022)Trust and Growth (2001)Exchange Arrangements Entering the Twenty-First Century: Which Anchor will Hold?* (2019)Corporate Immunity to the COVID-19 Pandemic (2020)
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References

  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 2008Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches10,793 cited
  • 1999The quality of government5,695 cited
  • 1997Africa's Growth Tragedy: Policies and Ethnic Divisions5,647 cited
  • 2010The Worldwide Governance Indicators: Methodology and Analytical Issues5,611 cited
  • 1989Is public expenditure productive?5,465 cited
  • 2009This Time Is Different3,448 cited
  • 1987Equilibrium Political Budget Cycles1,968 cited
  • 2010This time is different: eight centuries of financial folly1,776 cited
  • 2005Eight Questions about Corruption1,767 cited
  • 1985An Equilibrium Queuing Model of Bribery1,315 cited
  • 2007Default Risk and Income Fluctuations in Emerging Economies1,288 cited
  • 2003Courts1,224 cited
  • 2011How Sovereign Is Sovereign Credit Risk?1,129 cited
  • 1986A Constant Recontracting Model of Sovereign Debt1,001 cited
  • 2014A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk812 cited

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Cited by

  • 2015How Connected is the Global Sovereign Credit Risk Network?38 cited
  • 2021Tail event-based sovereign credit risk transmission network during COVID-19 pandemic35 cited
  • 2022The COVID-19 pandemic, consumption and sovereign credit risk: Cross-country evidence26 cited