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...
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| Natura: | Periodico |
| Lingua: | English |
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Washington, D.C. :
International Monetary Fund,
2010.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2010/179 |
| Accesso online: | Full text available on IMF |