Presenter: Sangyup Choi - Economist
Statistics Department
By analyzing the events of subscribing to the IMF’s Data Standards Initiatives during the last 20 years, we find that structural reforms to achieve a transparent economic data dissemination to public are certainly paid off. Emerging market economies implementing the reforms face lower borrowing costs in international financial markets: on average, one year after the reforms, sovereign bond spreads for these economies decrease by 15 percent. The benefit is larger when a country adopts higher (more stringent) standards of data dissemination, which encourages a country to keep moving up the ladder.
Moderator: Simran Maxwell
Secretary’s Department
