Risk Premia for Emerging Markets Bonds: Evidence from Brazilian Government Debt, 1996-2002
The goal of this paper is to identify the determinants of the risk premium on Brazilian government debt traded in the emerging markets bonds. The empirical evidence presented does not reject the hypotheses that fiscal solvency and the size of the public debt affect the risk premium as measured by the spread over treasury securities of the Brazilian C-bond.
Year of publication: |
2004-05
|
---|---|
Authors: | Loureiro, André Soares ; Barbosa, Fernando de Holanda |
Institutions: | Central Bank of Brazil, Research Department |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Testing Hyperinflation Theories Using the Inflation Tax Curve: A Case Study
Barbosa, Fernando de Holanda, (2008)
-
Risk premia for emerging markets bonds : evidence from Brazilian government debt, 1996 - 2002
Loureiro, André Soares, (2004)
-
The risk premium on Brazilian government debt, 1996 - 2002
Loureiro, André Soares, (2003)
- More ...