Reisen, Helmut; von Maltzan, Julia - In: International Finance 2 (1999) 2, pp. 273-93
The 1990s have witnessed pronounced boom-bust cycles in emerging-markets lending, culminating in the Asian financial and currency crisis of 1997-8. By examining the links between sovereign credit ratings and dollar bond yield spreads over 1989-97, this paper aims at broad empirical content for...