Series: IMF Working Papers
Author(s): Sanjeev Gupta , Amine Mati , and Emanuele Baldacci
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2008
Keywords: Sovereign spreads, political risk, bond, fiscal variables, bond spreads, fiscal balance,
Using a panel of 30 emerging market economies from 1997 to 2007, this paper investigates the determinants of country risk premiums as measured by sovereign bond spreads. Unlike previous studies, the results indicat...