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emerging market bond spreads, as the level of interest rates affect the market's perceived probability of default and the …
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The debt market in Thailand has made important strides since the financial crisis of 1997. The Thai government has made significant progress in building an orderly yield curve and is beginning to establish some benchmarks. However, more needs to be done if the government is to achieve its...
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A strong legal framework that forms the basis for the activities of debt managers is crucial for enabling an effective public debt management function. This paper aims to complement discussions on the legal foundations of debt management by detecting and discussing essential elements that allow...
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-term debt. Second, the authors construct a new database of sovereign bond prices and issuance. They show that emerging economies …
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Immunization deserves high priority, especially in developing countries, for three reasons: vaccine-preventable diseases, disproportionately affect the poorest fifth of the population; immunization is among the most cost-effective interventions, and has a major impact in reducing the burden of...
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