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Description - The Company States Keep by Professor Julia Gray

This book argues that investor risk in emerging markets hinges on the company a country keeps. When a country signs on to an economic agreement with states that are widely known to be stable, it looks less risky. Conversely, when a country joins a group with more unstable members, it looks more risky. Investors use the company a country keeps as a heuristic in evaluating that country's willingness to honor its sovereign debt obligations. This has important implications for the study of international cooperation as well as of sovereign risk and credibility at the domestic level.

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Book Details

ISBN: 9781107030886
ISBN-10: 1107030889
Format: Hardback
(228mm x 152mm x 17mm)
Pages: 250
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 31-Oct-2013
Country of Publication: United Kingdom

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Author Biography - Professor Julia Gray

Julia Gray is an Assistant Professor of Political Science at the University of Pennsylvania. Her work in international political economy and international organization has appeared or is forthcoming in the American Journal of Political Science, Comparative Political Studies, International Studies Quarterly, the European Journal of Political Research, Political Science Research Methods and the Review of International Organizations. Prior to her career in academia, she worked for four years as a journalist and editor in Prague and Budapest.