TY - BOOK ID - 80733427 TI - The Company states keep PY - 2013 SN - 9781107416673 1107416671 9781139344418 1139344412 9781107030886 1107030889 1139892282 1107424356 1107422418 1107419336 1107420539 9781107566828 1107566827 PB - New York DB - UniCat KW - Debts, Public KW - International agencies KW - Associations, International KW - IGOs (Intergovernmental organizations) KW - Institutions, International KW - Inter-governmental organizations KW - Intergovernmental organizations KW - International administration KW - International associations KW - International governmental organizations KW - International institutions KW - International organizations KW - International unions KW - Organizations, International KW - Specialized agencies of the United Nations KW - International cooperation KW - Interorganizational relations KW - Non-state actors (International relations) KW - International organization KW - E-books KW - International agencies. KW - Social Sciences KW - Political Science UR - https://www.unicat.be/uniCat?func=search&query=sysid:80733427 AB - 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. ER -