The Leading eBooks Store Online 4,272,009 members ⚫ 1,419,367 ebooks

New to eBooks.com?

Learn more

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

Emerging Market Spread Compression: Is it Real or is it Liquidity? by Laura E. Kodres
Buy this eBook
US$ 9.00
(If any tax is payable it will be calculated and shown at checkout.)
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 the two factors. The results indicate that fundamentals, as embedded in credit ratings, are very important, but that expectations of future U.S. interest rates and volatility in those expectations are also a key determinant of emerging market spreads.
International Monetary Fund; January 2008
36 pages; ISBN 9781452766249
Read online, or download in secure EPUB or secure PDF format
Title: Emerging Market Spread Compression: Is it Real or is it Liquidity?
Author: Laura E. Kodres; Kristian Hartelius; Kenichiro Kashiwase
 
ISBNs
1451913257
9781451868722
9781451913255
9781452766249