The objective of this paper is to analyze the role of fiscal policy sustainability over the determinants of domestic interest rate of a group of 23 emerging market countries in the period 1996-2008. Among the analyzed countries are: South Africa, Argentina, Brazil,Bulgaria, Chile, China,...

This study aims to evaluate policies that can potentially improve the economic vulnerability of a group of emerging market countries that comprises 23 countries in the period 1998-2007, coping up to 96% of the JPMorgan Emerging Markets Bond Index Global as of December 2007. Through a panel data...

More than eleven years after the end of hyperinflation in Brazil, domestic bond markets have been unable to lengthen the average maturity of both public and private bonds. This paper shows that the lengthening is theoretically and practically (we analyzed the experiences of Israel, Mexico and...

The objective of this paper is to analyze the role of fiscal policy sustainability over the determinants of domestic interest rate of a group of 23 emerging market countries in the period 1996-2008. Among the analyzed countries are: South Africa, Argentina, Brazil,Bulgaria, Chile, China,...

More than eleven years after the end of hyperinflation in Brazil, domestic bond markets have been unable to lengthen the average maturity of both public and private bonds. This paper shows that the lengthening is theoretically and practically (we analyzed the experiences of Israel, Mexico and...