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Claims
CH3 econometric limb, issue 59
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READ
Version history
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THE LOAD-BEARING CONDITIONAL, VERBATIM: 'Stable and significant panel econometric estimates indicate that subscription to the Special Data Dissemination Standard (SDDS) reduces launch spreads by an average of 20 percent while participation in the General Data Dissemination System (GDDS) reduces spreads FOR THOSE COUNTRIES WITH ACCESS TO CAPITAL MARKETS by an average of 8 percent. These estimates correspond to discounts of some 50 and 20 basis points, respectively.' THE CONDITIONAL IS THE POINT FOR CHAPTER 3. The 8 per cent GDDS discount is conditioned on access to capital markets, and Syria has none: no NSDP per SRC-069, no concluded Article IV since 2010 per SRC-073, and arrears in default under the Arab Monetary Fund's own twelve-month rule per SRC-070. The estimate cannot be applied to Syria, and saying why is stronger than any number would be.