Emerging Market Spread Compression : Is it Real or is it Liquidity? »
Journal Issue
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
DOI: http://dx.doi.org/10.5089/9781451868722.001
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...