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The Effect of External Conditions on Growth in Latin America »
Source: The Effect of External Conditions on Growth in Latin America
Volume/Issue: 2007/176
Series: IMF Working Papers
Author(s): Jeronimo Zettelmeyer , and Pär Österholm
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2007
ISBN: 9781451867404
Keywords: Bayesian VAR, world growth, bond, bond spread,
This paper investigates the sensitivity of Latin American GDP growth to external developments using a Bayesian VAR model with informative steady-state priors. The model is estimated on quarterly data from 1994 to 2...
Emerging Market Sovereign Bond Spreads »
Source: Emerging Market Sovereign Bond Spreads : Estimation and Back-testing
Volume/Issue: 2012/212
Series: IMF Working Papers
Author(s): Fabio Comelli
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2012
ISBN: 9781475505627
Keywords: Emerging economies, sovereign bond yield spreads, in-sample forecasts, bond, bond spreads, sovereign bond, bond spread, sovereign bonds,
We estimate sovereign bond spreads of 28 emerging economies over the period January 1998-December 2011 and test the ability of the model in generating accurate in-sample predictions for emerging economies bond spre...
Determinants of Sovereign Bond Spreads in Emerging Markets »
Source: Determinants of Sovereign Bond Spreads in Emerging Markets : Local Fundamentals and Global Factors vs. Ever-Changing Misalignments
Volume/Issue: 2013/164
Series: IMF Working Papers
Author(s): Balazs Csonto , and Iryna Ivaschenko
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 July 2013
ISBN: 9781475573206
Keywords: Emerging market debt, spreads, misalignment, bond, bond spreads, emerging market bond, market bond, Asset Pricing,
We analyze the relationship between global and country-specific factors and emerging market debt spreads from three different angles. First, we aim to disentangle the effect of global and country-specific developme...
Resource Windfalls and Emerging Market Sovereign Bond Spreads »
Source: Resource Windfalls and Emerging Market Sovereign Bond Spreads : The Role of Political Institutions
Volume/Issue: 2010/179
Series: IMF Working Papers
Author(s): Rabah Arezki , and Markus Bruckner
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2010
ISBN: 9781455202133
Keywords: Sovereign Bond Spread, Political Institutions, sovereign bond, sovereign bonds, bond, bond spreads, bonds,
We examine the effect that revenue windfalls from international commodity price shocks have on sovereign bond spreads using panel data for 30 emerging market economies during the period 1997-2007. Our main finding...
Emerging Market Spread Compression »
Source: Emerging Market Spread Compression : Is it Real or is it Liquidity?
Volume/Issue: 2008/10
Series: IMF Working Papers
Author(s): Laura Kodres , Kristian Hartelius , and Kenichiro Kashiwase
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2008
ISBN: 9781451868722
Keywords: Sovereign Spreads, Fundamentals, bond, bond spreads, market bond, emerging market bond, standard deviation,
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 li...
The Determinants of Corporate Risk in Emerging Markets »
Source: The Determinants of Corporate Risk in Emerging Markets : An Option-Adjusted Spread Analysis
Volume/Issue: 2007/228
Series: IMF Working Papers
Author(s): Eduardo Cavallo , and Patricio Valenzuela
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2007
ISBN: 9781451867923
Keywords: Corporate bond spreads, sovereign ceiling, default risk, emerging market, bond, sovereign risk, corporate bond, bond spreads,
This study explores the determinants of corporate bond spreads in emerging markets economies. Using a largely unexploited dataset, the paper finds that corporate bond spreads are determined by firm-specific variabl...
Belgium »
Source: Belgium : Selected Issues Paper
Volume/Issue: 2012/56
Series: IMF Staff Country Reports
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 20 March 2012
ISBN: 9781475502398
Keywords: banking, banking sector, bond, government bond, bond spread
This Selected Issues Paper on Belgium provides an overview of the extent of trade and financial openness of Belgium and the links to particular countries. With an export-to-GDP ratio of 79 percent, Belgium belongs...
Belgium: Selected Issues Paper »
Source: Belgium : Selected Issues Paper
Volume/Issue: 2012/56
Series: IMF Staff Country Reports
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 20 March 2012
ISBN: 9781475502398
Keywords: banking, banking sector, bond, government bond, bond spread
This Selected Issues Paper on Belgium provides an overview of the extent of trade and financial openness of Belgium and the links to particular countries. With an export-to-GDP ratio of 79 percent, Belgium belongs...
Belgium: Selected Issues Paper »
Source: Belgium : Selected Issues Paper
Volume/Issue: 2012/56
Series: IMF Staff Country Reports
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 20 March 2012
ISBN: 9781475502398
Keywords: banking, banking sector, bond, government bond, bond spread
This Selected Issues Paper on Belgium provides an overview of the extent of trade and financial openness of Belgium and the links to particular countries. With an export-to-GDP ratio of 79 percent, Belgium belongs...
Euro Area Sovereign Risk During the Crisis1 »
Source: Euro Area Sovereign Risk During the Crisis
Volume/Issue: 2009/222
Series: IMF Working Papers
Author(s): Edda Zoli , and Silvia Sgherri
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2009
ISBN: 9781451873696
Keywords: Sovereign Spreads, Global Risk Repricing, bond, sovereign bond, bonds,
While the use of public resources is critical to cushion the impact of the financial crisis on the euro-area economy, it is key that the entailed fiscal costs not be seen by markets as undermining fiscal sustainabi...