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Political and Fiscal Risk Determinants of Sovereign Spreads in Emerging Markets

✍ Scribed by Emanuele Baldacci; Sanjeev Gupta; Amine Mati


Book ID
111004556
Publisher
John Wiley and Sons
Year
2011
Tongue
English
Weight
83 KB
Volume
15
Category
Article
ISSN
1363-6669

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## Abstract This study explores the determinants of corporate bond spreads in emerging markets economies. Using a largely unexploited data set, the paper finds that corporate bond spreads are determined by firm‐specific variables, bond characteristics, macroeconomic conditions, country‐specific sov