International Sovereign Bonds by Emerging Markets and Developing Economies : Drivers of Issuance and Spreads »
Journal Issue
Volume/Issue: 2015/275
Series: IMF Working Papers
Author(s): Andrea Presbitero , Dhaneshwar Ghura , Olumuyiwa Adedeji , and Lamin Njie
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 24 December 2015
DOI: http://dx.doi.org/10.5089/9781513581729.001
ISBN: 9781513581729
Keywords: Sovereign bond issuance, bond spreads, developing countries, bonds, sovereign bonds, bond, markets, sovereign bond, International Lending and Debt Problems, Asset Pricing
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 examines these questions using a dataset that includes...