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150128 ||| eng |
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|a 9781451843033
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|a Zettelmeyer, Jeromin
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245 |
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|a How Private Creditors Fared in Emerging Debt Markets, 1970-2000
|c Jeromin Zettelmeyer, Beatrice Weder, Christoph Klingen
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2004
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300 |
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|a 60 pages
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651 |
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4 |
|a United States
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653 |
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|a Economic & financial crises & disasters
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653 |
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|a Institutional Investors
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653 |
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|a Stock exchanges
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653 |
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|a Stocks
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653 |
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|a Pension Funds
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653 |
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|a Finance
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653 |
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|a Financial crises
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653 |
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|a Financial institutions
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653 |
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|a Financial Instruments
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653 |
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|a Capital market
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653 |
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|a Long-term Capital Movements
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653 |
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|a General Financial Markets: General (includes Measurement and Data)
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653 |
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|a International Lending and Debt Problems
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653 |
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|a Non-bank Financial Institutions
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653 |
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|a Financial markets
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653 |
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|a Emerging and frontier financial markets
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653 |
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|a Stock markets
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653 |
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|a Investments: Stocks
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653 |
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|a Financial services industry
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653 |
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|a Investment & securities
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653 |
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|a Financial Risk Management
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653 |
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|a Finance: General
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653 |
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|a International Investment
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653 |
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|a Financial Crises
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653 |
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|a Securities markets
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700 |
1 |
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|a Klingen, Christoph
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700 |
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|a Weder, Beatrice
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041 |
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|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
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|a IMF Working Papers
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856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2004/013/001.2004.issue-013-en.xml?cid=17107-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a We estimate ex post returns to emerging market debt by combining secondary-market prices with observed flows based on World Bank data. From 1970-2000, returns averaged 9 percent per annum, about the same as returns on a ten-year U.S. treasury bond. This reflects the combined effect of the 1980s debt crisis and much higher returns during 1989-2000. Annual returns since 1986 have been less volatile than emerging market equity returns but more volatile than returns on U.S. corporate or high-yield bonds. However, unlike returns on these bonds, emerging market debt returns do not seem significantly correlated with U.S. or world stock markets
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