Özatay, Fatih; Özmen, Erdal; Sahinbeyoglu, Gülbin - In: Economic Modelling 26 (2009) 2, pp. 526-531
We investigate the impact of global financial conditions, U.S. macroeconomic news and domestic fundamentals on the evolution of EMBI spreads for a panel of 18 emerging market (EM) countries using daily data. To this end, we consider not only the conventional panel cointegration procedures but...