Series: IMF Working Papers
Author(s): Zhanwei Yue , and Samir Jahjah
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2004
Keywords: Sovereign Credit Spreads, Overvaluation, Debt Crises, exchange rate, exchange rate misalignment, bond spreads, bond issue, International Monetary Arrangements and Institutions, International Lending and Debt Problems,
We test the hypothesis of a link between exchange rate policy and sovereign bonds. We analyze the effect of exchange rate policies on supply and credit spreads of sovereign bonds issued by developing countries. An...