Resource Windfalls and Emerging Market Sovereign Bond Spreads : The Role of Political Institutions /

We examine the effect that revenue windfalls from international commodity price shocks have on sovereign bond spreads using panel data for 30 emerging market economies during the period 1997-2007. Our main finding is that positive commodity price shocks lead to a significant reduction in the soverei...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक: Arezki, Rabah
अन्य लेखक: Bruckner, Markus
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2010.
श्रृंखला:IMF Working Papers; Working Paper ; No. 2010/179
ऑनलाइन पहुंच:Full text available on IMF