The Sensitivity of Secondary Sovereign Loan Market Returns to Macroeconomlc Fundamentals.
The sensitivity of secondary sovereign loan market returns to three classes of economic news is estimated in the arbitrage pricing theory framework. Returns are characterized by a limited response to unexpected changes in procyclical U.S. aggregates. Shocks to country-specific balance of payment ind...
| Údar corparáideach: | |
|---|---|
| Formáid: | IRIS |
| Teanga: | English |
| Foilsithe / Cruthaithe: |
Washington, D.C. :
International Monetary Fund,
1990.
|
| Sraith: | IMF Working Papers; Working Paper ;
No. 1990/055 |
| Rochtain ar líne: | Full text available on IMF |