Ozatay, Fatih; Ozmen, Erdal; Sahinbeyoglu, Gulbin - Economic Research Forum (ERF) - 2008
This paper investigates the impact of global financial conditions, US macroeconomic news and domestic macroeconomic fundamentals on the evolution of Emerging Market Bond Index EMBI spreads for a panel of 18 emerging markets (EM) using daily data. To this end, we employ not only the conventional...