Brady Bonds and Default Probabilities /

This paper computes the default probabilities implicit in the prices of Brady bonds of seven developing countries and examines the factors that determine the high cross-correlation of the probability paths. The term structure of U.S. interest rates and the ratio of long-term foreign debt to GDP, tog...

Полное описание

Библиографические подробности
Главный автор: Izvorski, Ivailo
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 1998.
Серии:IMF Working Papers; Working Paper ; No. 1998/016
Online-ссылка:Full text available on IMF

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