Clark, Ephraim; Kassimatis, Konstantinos - In: Economia Internazionale / International Economics 62 (2009) 3, pp. 342-361
In this paper we use the structural credit risk methodology of Merton (1974) to estimate country default risk as the country financial risk premium for eight of the largest Latin American economies - Argentina, Bolivia, Brazil, Chile, Colombia, Mexico, Peru and Venezuela - from 1986 to 2000. We...
