Aizenman, Joshua; Hutchison, Michael M.; Jinjarak, Yothin - 2011
We estimate the pricing of sovereign risk for sixty countries based on fiscal space (debt/tax; deficits/tax) and other … measures drop during the crisis, the TED spread, trade openness, external debt and inflation play a larger role. As … period, especially in 2010 when the sovereign debt crisis swept over the periphery area. We "match" the periphery group with …