{
  "title": "The Economic Content of Indicators of Developing Country Creditworthiness",
  "publication": "IMF Working Papers, February 1, 1996",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/30/the-economic-content-of-indicators-of-developing-country-creditworthiness-1994",
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  "summary": "This paper analyzes the economic determinants of developing country creditworthiness indicators for over 60 developing countries for the period from 1980 to 1993.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- This paper analyzes the economic determinants of developing country creditworthiness indicators for over 60 developing countries for the period from 1980 to 1993.\n- The authors find that economic fundamentals explain a large amount of the variation in the credit ratings.\n- All developing country ratings were adversely affected by an increase in international interest rates independently of the domestic economic fundamentals.\n- A country’s regional location and the structure of its exports (such as whether it is primarily an exporter of fuel products or manufactured products) were also important."
    },
    {
      "heading": "Key economic determinants identified",
      "content": "- Ratio of non-gold foreign exchange reserves to imports.\n- Ratio of the current account balance to GDP.\n- Growth.\n- Inflation.\n- International interest rates (increase adversely affects all developing country ratings, independently of domestic fundamentals).\n- Regional location.\n- Structure of exports (e.g., primary exporter of fuel products versus manufactured products)."
    },
    {
      "heading": "Scope and data",
      "content": "- Coverage: over 60 developing countries.\n- Time period: from 1980 to 1993.\n- Pages: 46.\n- Volume: 1996.\n- Issue: 009.\n- Series: Working Paper No. 1996/009."
    },
    {
      "heading": "Publication and identifiers",
      "content": "- Publication title: The Economic Content of Indicators of Developing Country Creditworthiness.\n- Publication type: IMF Working Papers.\n- DOI: https://doi.org/10.5089/9781451927283.001\n- Stock No: WPIEA0091996\n- ISBN: 9781451927283\n- ISSN: 1018-5941\n\nInternational Monetary Fund. \"The Economic Content of Indicators of Developing Country Creditworthiness\", IMF Working Papers 1996, 009 (1996).\n\n---\n\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/the-economic-content-of-indicators-of-developing-country-creditworthiness-1994"
    }
  ],
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    "Published: February 1, 1996",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451927283.001",
    "This paper analyzes the economic determinants of developing country creditworthiness indicators for over 60 developing countries for the period from 1980 to 1993.",
    "The authors find that economic fundamentals explain a large amount of the variation in the credit ratings.",
    "All developing country ratings were adversely affected by an increase in international interest rates independently of the domestic economic fundamentals.",
    "A country’s regional location and the structure of its exports (such as whether it is primarily an exporter of fuel products or manufactured products) were also important.",
    "Ratio of non-gold foreign exchange reserves to imports.",
    "Ratio of the current account balance to GDP.",
    "Growth.",
    "Inflation.",
    "International interest rates (increase adversely affects all developing country ratings, independently of domestic fundamentals).",
    "Regional location.",
    "Structure of exports (e.g., primary exporter of fuel products versus manufactured products).",
    "Coverage: over 60 developing countries.",
    "Time period: from 1980 to 1993.",
    "Pages: 46.",
    "Volume: 1996.",
    "Issue: 009.",
    "Series: Working Paper No. 1996/009.",
    "Publication title: The Economic Content of Indicators of Developing Country Creditworthiness.",
    "Publication type: IMF Working Papers.",
    "DOI: https://doi.org/10.5089/9781451927283.001",
    "Stock No: WPIEA0091996",
    "ISBN: 9781451927283",
    "ISSN: 1018-5941"
  ],
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