The Evolution and Determinants of Emerging Market Credit Spreads in the 1990s

by Board of Governors of the Federal Reserve System

This study develops measures of emerging market credit spreads for the 1990s, based on data on new bond issues and bank loans, that cover a broader range of borrowers than the Brady bond spreads most commonly used to date. These measures are used to identify the impacts of credit ratings, maturity and currency denomination on spreads. We find important regional differences in spreads across the developing world, even after controlling for risk and...

• Format: Paperback
• Language: English
• ISBN: 1503305120
• ISBN13: 9781503305120
• Release Date: November 2014
• Publisher: Createspace Independent Publishing Platform
• Length: 46 Pages
• Weight: 0.29 lbs.
• Dimensions: 0.1" x 8.5" x 11.0"