Investor Sentiment, Sovereign Debt Mispricing, and Economic Outcomes /
We find that countries which are able to borrow at spreads that seem low given fundamentals (for example because investors take a bullish view on a country's future), are more likely to develop economic difficulties later on. We obtain this result through a two-stage procedure, where a first re...
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| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
2020.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2020/166 |
| Dostęp online: | Full text available on IMF |