How Private Creditors Fared in Emerging Debt Markets, 1970-2000 /
We estimate ex post returns to emerging market debt by combining secondary-market prices with observed flows based on World Bank data. From 1970-2000, returns averaged 9 percent per annum, about the same as returns on a ten-year U.S. treasury bond. This reflects the combined effect of the 1980s debt...
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Övriga upphovsmän: | , |
Materialtyp: | Tidskrift |
Språk: | English |
Publicerad: |
Washington, D.C. :
International Monetary Fund,
2004.
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Serie: | IMF Working Papers; Working Paper ;
No. 2004/013 |
Länkar: | Full text available on IMF |