Is it (still) mostly fiscal? : determinants of sovereign spreads in emerging markets /

Using a panel of 30 emerging market economies from 1997 to 2007, this paper investigates the determinants of country risk premiums as measured by sovereign bond spreads. Unlike previous studies, the results indicate that both fiscal and political factors matter for credit risk in emerging markets. L...

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Bibliographic Details
Call Number:Libro Electrónico
Main Authors: Baldacci, Emanuele (Author), Gupta, Sanjeev (Author), Mati, Amine (Author)
Corporate Author: International Monetary Fund. Fiscal Affairs Department
Format: Electronic eBook
Language:Inglés
Published: Washington, D.C. : International Monetary Fund, ©2008.
Series:IMF working paper ; WP/08/259.
Subjects:
State bonds > Developing countries > Econometric models.
Banks and banking > Developing countries.
Credit ratings > Developing countries.
Rate of return > Developing countries.
Risk > Developing countries.
Banques > Nouveaux pays industrialisés.
Cotes de solvabilité > Nouveaux pays industrialisés.
Taux de rendement > Nouveaux pays industrialisés.
Risque > Nouveaux pays industrialisés.
Risk
Rate of return
Credit ratings
Banks and banking
Länderrisiko.
Aufstrebende Märkte.
Developing countries
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