Series: IMF Working Papers
Author(s): Salvatore Dell'Erba , Emanuele Baldacci , and Tigran Poghosyan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2011
Keywords: sovereign spreads, emerging market, spatial econometrics, external debt, bond, currency crises, sovereign bond, total external debt, International Finance: General,
We use novel spatial econometrics techniques to explore spillovers in the sovereign bond market for 24 emerging economies during 1995-2010. The paper extends the previous literature focusing on spillover effects fr...