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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

We analyze the relationship between global and country-specific factors and emerging market debt spreads from three different angles. First, we aim to disentang

This paper analyses the determimants of emerging market sovereign bond spreads by examining the short and long-run effects of fundamental (macroeconomic) and te

The frequency and virulence of recent financial crises have led to calls for reform of the current international financial architecture. In an effort to learn m

What determines the ability of low-income developing countries to issue bonds in international capital and what explains the spreads on these bonds? This paper