Emerging Market Spread Compression : Is it Real or is it Liquidity? /

Despite recent turmoil, spreads on emerging market countries' sovereign bonds have fallen dramatically since mid-2002. Some have attributed the fall to improved economic fundamentals while others to ample global liquidity. The paper models spreads and attempts to empirically distinguish between...

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Autor principal: Kodres, Laura
Altres autors: Hartelius, Kristian, Kashiwase, Kenichiro
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2008.
Col·lecció:IMF Working Papers; Working Paper ; No. 2008/010
Accés en línia:Full text available on IMF