Arbeitspapier
Friends for the benefits: The effects of political ties on sovereign borrowing conditions
Do closer political ties with a global superpower improve sovereign borrowing conditions? We use data on voting at the United Nations General Assembly along with foreign aid flows to construct an index of political ties and find evidence that suggests closer political ties leads to both better sovereign credit ratings and lower yields on sovereign bonds. We use heads-of-state official visits and coalition forces troop contributions as exogenous instruments to further strengthen the findings.
- ISBN
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978-952-323-282-2
- Language
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Englisch
- Bibliographic citation
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Series: Bank of Finland Research Discussion Papers ; No. 13/2019
- Classification
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Wirtschaft
International Relations, National Security, and International Political Economy: General
Foreign Aid
National Debt; Debt Management; Sovereign Debt
Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
- Event
-
Geistige Schöpfung
- (who)
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Ambrocio, Gene
Hasan, Iftekhar
- Event
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Veröffentlichung
- (who)
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Bank of Finland
- (where)
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Helsinki
- (when)
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2019
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ambrocio, Gene
- Hasan, Iftekhar
- Bank of Finland
Time of origin
- 2019
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