International Pricing of Emerging Market Corporate Debt : Does the Corporate Matter? /
We examine risk spreads charged on corporate bonds placed by emerging market borrowers on international exchanges. While global developments have an important effect on spreads, changes in firm-level default risk also matter significantly in a way consistent with theory and experience in mature mark...
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Format: | Tidsskrift |
Sprog: | English |
Udgivet: |
Washington, D.C. :
International Monetary Fund,
2010.
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Serier: | IMF Working Papers; Working Paper ;
No. 2010/026 |
Online adgang: | Full text available on IMF |