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...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Kodres, Laura
Awduron Eraill: Hartelius, Kristian, Kashiwase, Kenichiro
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2008.
Cyfres:IMF Working Papers; Working Paper ; No. 2008/010
Mynediad Ar-lein:Full text available on IMF