Salvatore Dell’Erba; Hausmann, Ricardo; Panizza, Ugo - International Economics Section, The Graduate Institute … - 2013
This paper studies the relationship between sovereign spreads and the interaction between debt composition and debt … correlation between spreads and debt levels. This correlation, however, is not statistically significant in countries where most … spreads is about one fifth of the corresponding correlation for emerging market economies. In Eurozone countries, however, the …