Series: IMF Working Papers
Author(s): Sonja Keller , and Ashoka Mody
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2010
Keywords: Corporate bonds, bond spreads, Fama-French factors, equity returns, bonds, bond, General Financial Markets, Corporate Finance And Governance,
We examine risk spreads charged on corporate bonds placed by emerging market borrowers on international exchanges. While global developments have an important effect on spreads, changes in firm-level default risk a...