Now showing items 1-2 of 2

    • Andreasen, Eugenia; Valenzuela Aros, Patricio (Elsevier, 2016-02)
      This article shows that financial openness significantly affects corporate and sovereign credit ratings and that the magnitude of this effect depends on the level of development of the domestic financial market. Issuers ...
    • Valenzuela Aros, Patricio (Oxford University Press, 2016-03)
      Using a new dataset on corporate bonds placed in international markets by emerging and developed borrowers, this article demonstrates that a high proportion of short-term debt exacerbates the effect of debt market illiquidity ...