This paper re-examines the association of country-specific macroeconomic fundamentals and sovereign risk. Our analysis focuses on 26 countries, including both developed and emerging economies, during the period 2000-2009. For both groups, while inflation and twin deficits are associated with...

We estimate wage differentials across different segments of the Mexican urban labor market. We use a panel sample of individuals which allows us to control for workers' observable and non-observable characteristics, by focusing on wage changes reported by individuals who move from one sector to...

Little is known about the behavior of the term structure of interest rates in emerging markets. In this paper we study the dynamics of the term-structure of interest rates in Mexico between 2001 and 2008. We find that term-premia appears to be time-varying, and that over 99% of the total...