The Company States Keep(English, Hardcover, Gray Julia)

Know about the book -

The Company States Keep(English, Hardcover, Gray Julia) is written by Gray Julia and published by Cambridge University Press. It's available with International Standard Book Number or ISBN identification 1107030889 (ISBN 10) and 9781107030886 (ISBN 13).

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.